Green data centres are hot assets in an even hotter sector, as investors get to grips with the existential need to make these power gobblers energy-efficient. But a real estate ESG expert says the exact meaning of the word “green” is hard to define in this context.
The peak body for retail funds and asset managers, the Financial Services Council, has argued the Your Future Your Super performance test should stick to monitoring simpler financial products, like MySuper and basic Choice. The FSC believes the performance test is best applied to set and forget products, rather than via channels that cater to personalised and advised channels.
Cbus Super has appointed former Victorian Funds Management Corporation chief investment officer Justin Pascoe as head of portfolio construction.
The ideological war against the compulsory superannuation system by the two national newspapers risks destroying the principle of preservation and a retirement savings system that – while imperfect – is the envy of the world. Leadership change in the Nine organisation hopefully brings more objectivity and fairness to an age-old dispute.
After years of being outperformed by industry funds, retail funds are making the most of their improved performance in FY24, boosted by a strong sharemarket. However, industry experts suggest it might be too early to declare that the retail super sector is turning around, and that “stablising” might be a better description.
In another win in ASIC’s greenwashing crackdown, the Federal Court has today ordered Mercer Super to pay a $11.3 million penalty after it admitted to making misleading statements about the sustainable nature and characteristics in some investment options.
Prudential regulator APRA has removed additional licence conditions imposed on N.M. Super.
Brighter Super chief executive Kate Farrar has been awarded fund executive of the year by the Fund Executive Association Limited.
The funds that take a total portfolio approach added 1.8 per cent per annum over 10 years above those that use strategic asset allocation, according to a recent Thinking Ahead Institute study of 26 asset owners, including the Future Fund. And the systems-thinking TPA approach, with the benefits of dynamism and joined-upness, will help asset owners in an environment of increasing complexity according to the report’s author, Roger Urwin.
REST and Barings have officially begun the development of logistics and industrial estate at Kemps Creek in Sydney south-west, after the two jointly acquired the site in April.
The insurance industry has found success in shifting from just paying claims to rehabilitation programs that get as many people back to work as possible. Now its attention is turning to prevention program and reducing the incidence of insurance claims in the first place.
Just one week after Coalition Senator Andrew Bragg questioned the compulsory, default settings of the superannuation system, Shadow Minister for Financial Services Luke Howarth has used an industry event to express support for both compulsion and for profit-to-member funds.
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