Northern Trust appoints international enterprise client solutions head
Northern Trust has appointed Gary Paulin to the newly-created role of head of international enterprise client solutions.
Super trustees have ‘the toughest gig’ in governance: ASIC chair
ASIC chair Joe Longo has acknowledged that directors of superannuation trustees have “the toughest gig” as far as board duties go, with funds’ exceptionally complex governance needs surpassing those of corporate Australia. But still, he said it’s only right that directors be held to “very high standards” when they are dealing with Australians’ precious retirement savings.
Investors ease up on climate change pressure, say company directors
Australian company directors no longer feel as much pressure from investors, lenders and other stakeholders to improve climate change governance. In fact, an AICD survey suggests firms are actually doing less work than previously to integrate climate risk into their frameworks.
ART appoints former regulator, govt official to board
Australian Retirement Trust has appointed former APRA deputy chair Helen Rowell and chancellor of Macquarie University Martin Parkinson as independent directors to its board.
Third person pleads guilty regarding Courtenay House Ponzi scheme
A third person has pleaded guilty to the Courtenay House Ponzi scheme in Sydney.
Integro partners with regional WA accounting firm
Integro Private Wealth has partnered with AMD Chartered Accountants to increase access to advice in regional WA.
February sees fourth consecutive growth month for super funds
Super fund performance was up for the fourth consecutive month in February, with the median growth fund (61 to 80 per cent in growth assets) delivering a 1.9 per cent return for the period, according to researcher Chant West.
What the stoush between Hostplus and Employment Hero means for stapling
Stapling was meant to deliver better retirement outcomes for super fund members by reducing the incidence of multiple accounts, but there’s growing concern that the latest breed of employee onboarding platforms is undermining those efforts by encouraging new employees to choose a fund that pays to be promoted on the platform, rather choosing the fund they may already belong to.
Major asset managers gamble with developing AI tech
The proliferation of AI tools should mean even the largest institutions can rely on readymade technology to service their needs. In an interview with Investment Magazine in London, JP Morgan Asset Management CEO George Gatch says the decision to develop their own tools inhouse reflected the nuances needed to successfully implement AI.
AustralianSuper partners with TAL for retirement product
The nation’s largest super fund AustralianSuper has partnered with life insurer TAL to develop a new ‘income for life’ retirement option.
HeirWealth partners with open banking firm Envestnet Yodlee
Sydney-based wealthtech HeirWealth has partnered with open banking technology company Envestnet Yodlee to streamline the intergenerational wealth transfer process.
Australians want to invest ethically but fear greenwashing: RIAA
The majority of Australians (88 per cent) are expressing a desire to invest ethically, either via super or other investments, but have trouble identifying truly ethical financial products, according to a study by the Responsible Investment Association Australasia (RIAA).
