The Fiduciary Investors Symposium in Toronto heard from four leaders who were instrumental in making the so-called “Canadian model” of institutional asset ownership what it is today. More than 40 years later, they are concerned the sound principles of the nation’s lauded pension system are under attack and need to be defended.
The Guardians of Kiwi sovereign fund NZ Super has appointed Alex Bacchus as acting chief investment officer amid Stephen Gilmore’s departure to CalPERS.
Scott Hartley, chief executive of Insignia Financial, the nation’s largest retail fund provider, has called for amendments to the fee deduction rules proposed by the government in its bill acting on the Quality of Advice Review. The government quietly made changes to the explanatory memorandum last week, but critics maintain the bill, as drafted, places additional supervision obligations on superannuation trustees and adds costs for members.
AustralianSuper and UniSuper are among the funds that have leapt at the opportunity to buy the Australian government’s first green bonds issue, as investors seek ways to further tap into the sustainable finance market.
Northern Trust has expanded its relationship with the NZ Super Fund to provide data services via its Data Warehouse Solutions offering.
The Future Fund and QIC have acquired an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure.
Health industry fund HESTA has appointed Alissa Knight to the newly created role of general manager strategic planning, effective from 11 June.
The Federal Court found that Active Super has made misleading claims about ESG and Russian investments in its website, reports and disclosure documents, in a case brought forward by ASIC amid the regulator’s increasing focus on greenwashing.
APRA has fined Equity Trustees $782,500 for failing to meet its legal obligations to report data to the regulator.
While the odds still favour a Labor victory at the next election, the Coalition’s desire to tap into the superannuation honey pot as part of its election policies is now very clear. The prospect of politics one day overriding the lofty ideals of the Objective of Superannuation legislation to preserve super fund savings until retirement now looks increasingly likely – if not in the short-term but sometime down the track.
For the past two years the correlation between bonds and equities has been positive, counter to the long-term assumed relationship between the asset classes. The challenges for asset owners include determining whether the change is transient or long-term, and what it means for portfolio construction.
More than two in three Australians aged 65 and over said they were unwilling to compromise their retirement lifestyle to provide financial assistance for their children, according to a AMP research.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
