Despite recent updates to climate-related risk-reporting rules, a research paper by United Nations-backed Principles for Responsible Investment with contributions from AustralianSuper, IFM Investors and the Financial Services Council said one area Australian regulators still haven’t set clear expectations around is stewardship.
Gordon Legal has commenced a class action against the Emergency Services Superannuation Board (ESSSuper) for unpaid super entitlements.
Misha Schubert, the inaugural chief of the Super Members Council, says the new association has achieved unity among profit-to-member funds and will develop relationships across the political divide. The memory of the economic struggle of women in her own family history will act as her “north star” through one of the nation’s most contentious public policy debates.
While China’s equities rout in recent years has caused some asset owners to reconsider the nation’s position in their emerging markets portfolios, others are adamant that not investing in China will be a risk in its own right.
ASFA has appointed James Koval as its head of policy and advocacy in a newly created role.
Total breaches of code obligations have increased for a third consecutive year according to the latest report released by the Life Code Compliance Committee (Life CCC).
Asia is an attractive region for investment by institutional asset owners, but economic prosperity and wealth won’t be created by chance. The Fiduciary Investors Symposium in Singapore has heard that it will be the result of a series of careful, deliberate policy choices.
A new competitive battleground is set to open up between superannuation funds as financial advisers become more familiar with and critical of the retirement income solutions offered by funds. The two financial services segments may find themselves at loggerheads as advisers begin to shop around for the best retirement solutions for clients.
Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).
Minister for Financial Services Stephen Jones has admitted a mistake in the drafting of a bill relating to life insurance commissions paid to financial advisers. The government will now remedy the error, but the process will almost certainly delay the next round of reform, which many super funds are eagerly anticipating.
Hinerangi Raumati-Tu’ua has been appointed to the Board of the Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund.
Super Consumers Australia has welcomed APRA’s decision to publish more detailed expense and investment data for super funds, saying greater transparency will help make funds more accountable over the expenditure of member money.
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