Maple-Brown Abbott chief to lead Magellan
Magellan Financial Group has nabbed Maple-Brown Abbott’s top executive Sophia Rahmani as managing director of its asset management business.
Funds urged to engage beyond their portfolios to address climate risk
As institutional investors turn away from the “divest and forget” approach to more active engagement, Australian Ethical chair Steve Gibbs said funds should not restrict their efforts to companies or assets they are invested in, but realise they have influence around periphery too. CareSuper chair Linda Scott said divestment was still an appropriate tool at times, but Mine Super chair Christina Langby urged an orderly transition in those cases.
HUB24 remains top adviser platform: Investment Trends
HUB24 has remained the top investment platform for advisers, according to research firm Investment Trends.
Zurich renews partnership with Melbourne Football Club
Life insurer Zurich has extended its partnership with the Melbourne Football Club men’s and women’s AFL teams for another three seasons until 2026.
DASH posts close to 50pc jump in FUA
DASH Technology Group has posted a close to 50 per cent jump in its investment platform’s funds under administration for the 2023 calendar year.
UniSuper adds $260m Melbourne industrial development
UniSuper has acquired a warehouse, logistics and manufacturing greenfield development site in Deer Park, Melbourne for $260 million.
YFYS stapling reforms are starting to bite (but real impact still to come)
Almost four years after the previous Morrison government unveiled its seminal Your Future Your Super reform package, the controversial “stapling” measures aimed at denting the default system are starting to alter dynamics as funds with younger demographics reap the rewards. But analysis of APRA data shows overall account creation is not declining as intended.
Hirst to replace Hazelton as AMP chair
AMP has named former Bendigo and Adelaide Bank chief executive Mike Hirst as chair, replacing Debra Hazelton who is retiring after this year’s AGM.
iExtend appoints chair
iExtend has appointed the founder of AMP’s private capital business Peter Cassidy as chair of its board.
SMSFs outperform APRA-regulated funds in market downturn: Research
University of Adelaide research has found that SMSFs outperformed ARPA-regulated super funds in a period of market downturns.
FSC recommends lifting investor test threshold, grandfathering
Research released by the Financial Services Council has found that in less than a decade, almost a fifth of Australian households would be eligible to buy wholesale products without retail consumer protections, leaving them potentially vulnerable due to not properly understanding the associated financial risks.
Australian funds well placed to go head-to-head with global giants: IFM
The unique characteristics of the Australian superannuation system position funds to compete on a global stage for the best long-term investment opportunities, even against funds that are many times their size. But despite the advantages, David Whiteley of IFM Investors argues it will take a collective effort by pensions and sovereigns and some long-term planning to fully exploit the potential opportunities.
