In a discussion with Conexus Financial editor-in-chief Aleks Vickovich, current Cbus chair and former federal Treasurer Wayne Swan reflects on four decades of Cbus, his own role in establishing a system of retirement saving that is about to hit $4 trillion and is the envy of most other developed countries, and the role of superannuation in Australian society more broadly.
Super funds have kept close to their climate targets, but investors have been warned that the emission reduction journey will likely get a lot harder as more progress is made.
Australia’s first super-backed ‘built-to-rent-to-own’ (BTRTO) developed has been completed in Melbourne’s Kensington area with the first batch of residents set to move in.
While geopolitical tensions might bring downside risks and investors spend considerable time formulating portfolio protection against this issue, two of Australia’s largest super funds, HESTA and ART, have made it clear that it’s not an area in which they are looking to gain an edge.
The financial services industry is well positioned to benefit from the “exponential upside” resulting from the use of AI, but its senior leaders are not bold enough in embracing and using AI, according to speakers at the Amundi World Investment Forum.
With a potential greater focus on domestic investments and a new chair with a long-time conviction about the energy transition, the Future Fund’s future under its new chair Greg Combet will be closely watched, writes Glenda Korporaal.
APRA has told smaller super funds (with asset of less than $25 billion) and platform RSE licensees to address weaknesses in their unlisted asset valuation processes, following an industry self-assessment survey that identified some deficiencies around the use of revaluation triggers, frequency and board oversight.
The key to implementing a successful total portfolio approach is not about creating complexities, but rather maintaining simplicity within the shared lexicon of an investment team, said two of TPA’s best-known adopters.
Australia has been the Asia Pacific region’s top recipient of Canadian pension fund investment flows, accounting for 45 per cent of all flows from 2003 to 2018. Canada’s so-called Maple 8 have made big investments in Australia in sectors such as agriculture, energy infrastructure and telecommunications. But there are question marks over whether Canadian money will continue flowing freely into the country.
Life insurer TAL has appointed Fiona Macgregor as the new group CEO and managing director, filling in the position made empty by Brett Clark’s promotion to CEO and managing director of Dai-ichi Life Group, TAL’s parent company.
Cbus Super has appointed Martha Georgiou as chief risk officer.
Singapore-headquartered Temasek entered a binding agreement with Australian ETF provider Betashares to invest up to $300 million.
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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.
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.
