ASIC appoints Yanco interim CEO as Day departs
ASIC has appointed Greg Yanco as interim CEO, replacing Warren Day who will join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as its executive officer.
Super funds shoot for double digit return in FY24: SuperRatings
As the final quarter of the financial year approaches, super funds have the potential to see a double-digit return in the balanced options, as the median fund delivered 8.8 for the first nine months of FY24, according to SuperRatings.
TelstraSuper: Retirement ‘a whole lot more complex’ than just product
A super fund member’s retirement income needs can’t always be solved by product alone. Unlike the set and forget nature of accumulation, TelstraSuper chief customer officer Tim Anderson explains why an effective solution has to incorporate advice or guidance to help members make the most of what they have.
Regulators are blocking moves to ESG stewardship: PRI
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.
ESSSuper class action launched over unpaid entitlements
Gordon Legal has commenced a class action against the Emergency Services Superannuation Board (ESSSuper) for unpaid super entitlements.
‘Clear-eyed vision’: Super Members Council CEO confident of united front
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.
Super funds split on Chinese equities outlook
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 appoints head of policy and advocacy
ASFA has appointed James Koval as its head of policy and advocacy in a newly created role.
Life Code breaches increase for third consecutive year
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).
Future Fund lays the blueprint for success in Asia
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.
Super funds face emerging risk from financial advisers on retirement income
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.
REST invests in industrial property impact fund
Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).
