Gas giant APA Group is bracing for activist shareholder actions at its annual general meeting this week, as climate groups take issue with its plan to develop gas pipelines in the Beetaloo Basin. UniSuper is caught in the fight as a large shareholder of APA Group and the ruckus raises interesting questions about the role of gas in the portfolio.
A reference to American-style voluntary retirement plans by Shadow Treasurer Angus Taylor has drawn a swift rebuke from defenders of compulsory super, but the Shadow Treasurer insists he is still a supporter of compulsory super, albeit for purposes other than just retirement savings.
REST has appointed two interim chief investment officers following the announcement that Andrew Lill, its CIO for the last five years, will depart the fund in November.
Australia is no longer the top retirement system in Asia Pacific – the first time that has happened since the Mercer CFA Institute Global Pension Index started tracking and ranking the competence of pension systems around the world. Mercer partner and lead author of the report, David Knox, said superannuation can do better in areas like providing retirement income projection and unisex annuity rates.
Shadow Treasurer Angus Taylor has invoked the US 401(k) scheme in comments about the controversial ‘super for housing’ policy, raising eyebrows about a broader Coalition push for voluntary super. Though likely a throwaway line, Aleks Vickovich writes the reference may also signal aspirations of the party rank-and-file to overturn a landmark Labor achievement.
Cbus Super chief investment officer Brett Chatfield said the $94 billion fund has built a “small, long” position in Chinese equities, diverging from a generally bearish outlook among its asset owner peers about the world’s second largest economy.
Super funds had a strong September with the median growth fund (61 to 80% in growth assets) up 1.2 per cent for the month, according to Chant West.
ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions. The regulator announced that following an international search, Peter Soros has been appointed executive director regulation and supervision. Soros will join ASIC from the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence and … Read more
New research reveals pension funds destroyed value relative to benchmarks in the 2023 calendar year, to the tune of an average of 140 basis points. The two main reasons were a drag on performance in private markets and real assets.
Despite stringent disclosure requirements, members are still confused about the fees they are paying to their super funds. New research commissioned by Vanguard Australia found only 1 per cent of Australians can identify the multiple types of fees being charged to their accounts. SuperRatings insights manager Joshua Lowen said it’s on both funds and members themselves to solve the challenge.
AustralianSuper has made its first investment in the US data centre market, injecting $2.2 billion in DataBank alongside the company’s existing investor DigitalBridge.
Housing Australia and super fund Australian Retirement Trust will invest in the delivery of 604 new affordable and social housing across South East Queensland, with the support from state government.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
