AMP Foundation appoints Alexis George as chair
AMP chief executive Alexis George has been appointed chair of the AMP Foundation, a corporate foundation working with individuals and social enterprises.
ASFA welcomes NALE amendments
The Association of Superannuation Funds of Australia has welcomed amendments to the way the non arm’s length expense (NALE) rules apply to large superannuation funds, passed by Parliament yesterday.
Swan reflects on ‘breathtaking’ super achievement as Cbus turns 40
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.
Hitting climate targets could get a lot harder
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.
AustralianSuper-backed ‘built-to-rent-to-own’ project completes
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.
Geopolitics not a place for super funds to gain an edge
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.
Financial services risks redundancy if leaders don’t step up on AI
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.
Future Fund chair: How Greg Combet will be different
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.
Small funds, platforms RSEs need to lift valuation game: APRA
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.
‘A benchmark doesn’t mean anything’: Future Fund, CPP on making TPA work
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.
Will Canadian pension funds remain an FDI goose that lays golden eggs for Australia?
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.
TAL appoints successor to Brett Clark
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.
