AMP chief executive Alexis George has rejected any suggestion of further “divestment plans” following the sell-down of its financial advice businesses earlier this month. George tells Investment Magazine that the company’s retail super business is increasingly competitive and a key plank in her strategy to turn around AMP’s fortunes.
Investors can expect more standardised climate information from large Australian listed and unlisted companies in the new year, after a Treasury amendment bill that sets out mandatory climate risk disclosure rule passed the Senate on Wednesday. While initially beneficiaries of the rule as investors, super funds will face the same responsibilities after a phase-in period.
Major super funds and industry peak bodies have welcomed the introduction of the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 into Parliament.
Asset owners with a total portfolio approach have outperformed those with strategic asset allocation by 1.8 per cent per annum in the past decade, according to recent research, but even that number sounds like an underestimation to Sue Brake, the former chief investment officer of Future Fund who is now an independent consultant. As funds face a paradigm shift in the investment environment, TPA emerges as a valuable tool to implement their purpose.
The world’s largest luxury fashion group LVMH and the world’s largest ultra-fast fashion group SHEIN may occupy opposite ends of the fashion spectrum but both have their business models and ESG credentials under the spotlight.
The SMSF Association has appointed Keddie Waller as policy manager to bolster its advocacy and policy work for government reforms impacting the SMSF sector.
Industry fund REST has reduced the number of options from 15 to 9 on its investment menu.
Former Australian Retirement Trust chief executive Bernard Reilly has been appointed as CEO and managing director of Australian fund manager Perpetual, effective 2 September, the asset manager said in an ASX announcement.
Tapping into super for housing might not be great policy, but it could be great politics. The superannuation industry needs to prosecute its argument for preserving retirement savings effectively, rather than dismissing it as an election gimmick.
The $180 billion Aware Super has appointed Suncorp Group chair and Cochlear director Christine McLoughlin as its new independent chair. With an extensive career inside and outside financial services, she replaces Sam Mostyn who resigned to become Australia’s Governor-General earlier this year.
Super funds have delivered positive return in July but the gain was partially offset by the international and domestic sharemarket sell-offs in early August on the back of Bank of Japan raising interest rates and a fear of US recession, according to Chant West.
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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.
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