MetLife Foundation offers $115k grant to First Nations Foundation
First Nations Foundation has received $155,000 (US$100,000) from MetLife Foundation to continue strengthening the financial knowledge of First Nations women.
‘Big and patient’: ART harnesses scale to post 11.3pc return
As Australian Retirement Trust unveils its FY24 investment results, head of investment strategy Andrew Fisher says the $300 billion fund hasn’t wavered from its view that a soft landing is the most likely economic scenario, and that it will continue to exploit its scale and discipline and remain patient to meet long-term objectives.
How ART plans to execute ‘no impact’ member shift to high growth
As Australian Retirement Trust prepares to shift around 1.4 million of its 2.3 million members into a MySuper strategy that is equivalent to its high growth investment option, the option’s 11.3 per cent 12-month return announced on Sunday illustrates the potential long-term benefits that may accrue to members who are moved.
Future Fund keeps a level head amid geopolitical turmoil
The $223 billion Future Fund intends to keep its eyes wide open amid global geopolitical tensions and refrain from over or underestimating their impact on financial markets. In its latest position paper, the fund said seeking “true diversifiers” in portfolios has never been more important as “free lunch” like geographic diversification is no longer as effective.
‘An implausible planning scenario’: Inside the UniSuper outage
In May this year, UniSuper’s member services system was taken down by the failure of a key service provider. For a week, more than 647,000 members with more than $135 billion invested in the fund could not access their accounts. Investment Magazine goes behind the scenes of this unprecedented crisis with UniSuper CEO Peter Chun to examine the causes, the remedies and the lessons learned.
Active Super greenwashing case shows ASIC’s focus on details in ESG claims
Active Super’s latest run-in with ASIC over greenwashing demonstrates that the regulator is expecting trustees to “do what they say, and say what they do” when it comes to ESG claims, legal experts said, and to think twice before making sweeping statements that they can’t necessarily fulfill.
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.
