Link Group rebrands after successful MUFG acquisition
Link Group has rebranded to MUFG Pension & Market Services after its acquisition by Mitsubishi UFJ Trust & Banking Corporation was successfully implemented.
Aware Super appoints operations GM
Aware Super has appointed Winnie Huen to the newly created role of general manager strategy and transformation.
Super funds are too big to not invest in energy transition
Former First State Super chief investment officer Richard Brandweiner said super funds should expect to be called upon when it comes to investing in key economic areas such as the energy transition, irrespective of the sometimes not so subtle political agenda around some of these issues. At the Investment Magazine Fiduciary Investors Symposium in the Blue Mountains on Tuesday, the energy transition opportunity emerged as a megatrend that investors need to grapple with “whether they like it or not”.
AI – a world where nothing can possibly go worng
Disruptive innovation catalysed by artificial intelligence could drive associated company market values from 16 per cent of global stock market capitalisation to more than 60 per cent by 2030. Asset owners and managers must learn how to assess the ESG implications of the design, development and deployment of AI.
Equity Trustees to take possession of ANZ’s will bank
Nearly 6000 wills, along with related estate planning documents currently held by ANZ Group, will be transferred to Equity Trustees for management and safekeeping.
REST calls for better super treatment for young workers
Retail workers industry fund REST has urged the Australian Government to remove a rule that prevents most workers under-18 years old from earning any superannuation after research showed that the majority of Australians supported the change.
Private credit the newest building block in CFS portfolio construction
The $116 billion Colonial First State is seeking to diversify how it construct portfolios across a range of products, and chief investment officer Jonathan Armitage says a push into the unlisted worlds of private credit and infrastructure tops the list.
Why ‘boring’ companies pay in mid-market private equity
Few private equity players say they actively avoid hot sectors, but Flexstone Partners is of the view that PE investment is not about “hitting a home run every time” but securing doubles and triples every time it steps up to bat.
Super for house deposit scheme to taxpayers billions: SMC
Allowing young Australians to tap into their super for a house purchase could cost taxpayers billions (even potentially a trillion) of dollars by the end of the century, a new modelling by Super Members Council shows.
ASIC blasts super funds for lacking oversight on advice fees
The corporate regulator has accused super funds of inadequate oversight of advice fee deductions and failing to protect members from “unscrupulous operators”. ASIC has reiterated it does not expect trustees to review every piece of advice, but believes current practices are inadequate.
Aware warns against creating problems with another insurance review
Despite initial reservations about changes to insurance in superannuation, Aware Super head of insurance David Evans says the industry has done a good job of improving cover, but must be much more proactive in communicating the benefits of insurance to members. He argues there’s no need for a wide-ranging review of the kind called for by organisations such as Super Consumers Australia.
Super fund boards need attention to meet retirement challenges
Retirement is fundamentally different to accumulation, and demands specialist management and oversight. The Conexus Institute’s David Bell and Geoff Warren argue the case for a dedicated retirement committee as an effective way to quickly close any expertise gap between management and boards to help funds grapple with the complexity of delivering their retirement offerings.
