In the latest development in the so-called ESG war, the US Securities and Exchange Commission caved under various legal threats and postponed its proposed new rules to standardise climate-related disclosures by public companies. With numerous variations between frameworks globally, ESG-conscious investors may find themselves trapped in the climate disclosure matrix for a bit longer.
PGIM Real Estate’s Australian head Steve Bulloch anticipates more challenges to come for some assets in the country’s commercial real estate market this year, as investors deal with easing valuations and higher-for-longer interest rates and the prospect of further write-downs. But for some sectors and specific assets, the opportunities are already emerging and 2024 could prove to be a good vintage.
Iress has completed the sale of the OneVue platform business to ASX-listed Praemium.
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.
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.
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.
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).
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