Iress sells OneVue platform business to Praemium
Iress has agreed to sell its platform business, OneVue, to ASX-listed platform technology provider Praemium.
When low fees don’t equal better member outcomes
As super funds come under unprecedented regulatory and peer pressure to lower member fees, industry experts warned that the sector is being “irrationally” driven to reduce and even conceal investment costs while returns have become an afterthought.
Super fund-backed Aristocrat says it’s not an ESG gamble
One of the world’s largest gambling companies, Aristocrat Leisure, held its first ‘ESG Day’ for its many institutional investors late last year, and while it has also published a lot of information and lengthy reports to support its ESG credentials, there are many questions still unanswered.
Aware Super to fuel sustainability transition with global co-investment
Aware Super has made a US$50 million ($76 million) co-investment alongside Macquarie Asset Management (MAM) into a specialty infrastructure finance company helping to fund the North American sustainability transition.
Super caps to increase in FY24
The Federal Government has confirmed increases in the standard concessional and non-concessional contributions caps for FY24.
‘New member every minute’: AustralianSuper’s growth strategy
AustralianSuper is expecting to increase its membership to more than 4 million by 2030, with an increasing proportion coming from members who actively choose the fund rather than coming in via awards and defaults. But it won’t be all smooth sailing, as the mega-fund faces heightened consumer complaints.
Without scope 3, investor decarbonisation efforts are futile
The International Investor Group on Climate Change says that without access to scope 3 carbon emissions data for a company, it is not possible for asset owners to fully understand and assess an investee company’s contribution to climate change.
AMP Advice launches Estate Planning Service with fintech
AMP Advice has partnered with fintech Yodal to provide financial planning practices with access to Estate Planning Service.
Tasmanian Retirement Benefit Fund names JANA as consultant
The Tasmanian Retirement Benefit Fund has appointed JANA as its investment consultant.
SMSF Association chair re-elected
Brisbane law firm Cooper Grace Ward Partner Scott Hay-Bartlem has been re-appointed chair of the SMSF Association for another two-year term.
Member experience should be viewed as competitive advantage: CoreData
As funds become less able to differentiate purely on performance in a world of benchmarking, CoreData founder Andrew Inwood says service standards have become the new key to member retention. Quality UX for members may stop them from switching, which large industry funds are particularly at risk of, his research suggests.
MSCI names former UBS executive as ANZ head
MSCI has appointed former UBS executive Shane Edwards as its managing director and head of Australia and New Zealand client coverage.
