Superannuation fund chairs have not given up hope their organisations can meet their net zero and decarbonisation commitments. But ASIC deputy chair Sarah Court has warned that if the process is not done right, they could possibly land on the side of false and misleading conduct, setting up a new theatre in the regulator’s war on greenwashing.
The Council of Australian Life Insurers has come out to support a ban on using genetic test results in insurance underwriting, ensuring Australians are not deterred from taking the test to manage their health.
Sequoia Financial Group has acquired the assets of Clique Paraplanning, a national paraplanning service with employees and contractors primarily in Melbourne and Sydney.
UniSuper has nabbed fellow industry fund Cbus’ talent Wade Martin as its new chief risk officer.
Stephen Jones says he is “100 per cent up for a fight” with the Coalition over superannuation policy at the next election. But the Minister for Financial Services will have a tough task balancing preserving compulsory super while criticising the sector over retirement and complaints.
Advice network Count has acquired the accounting client book of Business Accounting Melbourne via its subsidiary firm Kidmans Partners.
The Financial Advice Association has warned its members against what appears to be a phishing email from CEO Sarah Abood on Wednesday.
Equity Trustees has become the superannuation trustee of Clearview and Guild Super, adding $5 billion in funds under supervision.
The Financial Advice Association has published its FY25 pre-budget submission, with a focus on reducing the cost of professional financial advice.
APRA has never made its expectations clearer that funds must act now on issues like managing unlisted asset valuation and operational risks. After outlining its wide-ranging new year initiatives in detail this week, the regulator’s deputy chair Margaret Cole told Investment Magazine Chair Forum that inaction will be “a fast track to non-compliance”.
Ultimately meant to provide investment analysts with greater awareness over climate change obligations, the new disclosure regime currently under public consultation – if introduced – will only benefit CIOs and analysts if it is accompanied by rigorous auditing and proper regulatory oversight of the quality of sustainability reports.
ESG considerations are becoming firmly embedded in the investment philosophy of major funds around the globe and the military industrial complex is finding itself boxed out from investor capital. Weapons manufacturers now argue it is insulting to be equated to fossil fuel providers, tobacco companies or pornography, insisting its contributions are necessary to defending Western democracies.
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