The Australian super system has topped a list of 22 pension markets for its growth relative to GDP in the past 10 years and stood as the world’s fifth largest pension system in 2023, according to a Thinking Ahead Insititute study.
UniSuper has nabbed Morningstar’s Annika Bradley as its senior manager, investment specialist (policy and advice).
ASIC has successfully sought orders in the federal court against social media finfluencer Tyson Scholz, known as the “ASX Wolf”, effectively making him bankrupt.
Brighter Super, the amalgamation of LGIAsuper, Energy Super and Suncorp Super, will hit the road later this year to pitch the fund’s services to advisers in its home state of Queensland. As a mix of industry and retail funds, head of advice Steven O’Donoghue believes they are in a unique position to derive the benefits from both sides of the market.
Dan Farmer, the chief investment officer overseeing a substantial part of Insignia’s $180 billion superannuation business, says the perception that retail funds are reluctant to approach unlisted real assets is outdated. But while its portfolio is shaking off its traditional penchant for listed markets, it still won’t go head-to-head with large industry funds in chasing “trophy assets” like airports and toll roads.
Melbourne Securities has paid $13,320 to comply with an infringement notice issued by ASIC in which the corporate regulator claimed it made greenwashing statements.
The UN Principles for Responsible Investment has made two appointments to its executive team.
Melbourne wealth manager Lanteri Partners has launched Medici Invest, an online solution providing investment strategies to a wider audience of emerging affluent Australians.
US-based Asena Family Office has launched an Australian-based arm of its business, with Melbourne boutique wealth management firm Giles Wade joining the group.
MLC Life Insurance has appointed Mirella Robinson to the newly created role of chief technology officer.
Guardians of NZ Super has appointed John Williamson as the Kiwi sovereign fund’s chair, replacing Catherine Drayton who is stepping down at the end of this week.
Global pension assets have risen 11 per cent to reach US$55.7 trillion ($84.9 trillion) in 2023, according to the Thinking Ahead Institute’s latest Global Pension Assets Study.
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