Equity Trustees adds Clearview and Guild Super to client list
Equity Trustees has become the superannuation trustee of Clearview and Guild Super, adding $5 billion in funds under supervision.
FAAA publishes pre-budget submission
The Financial Advice Association has published its FY25 pre-budget submission, with a focus on reducing the cost of professional financial advice.
No more ‘wait and see’: APRA ups unlisted assets, operations supervision
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”.
Climate reporting changes a worry for CIOs and analysts
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 firmly in defence sector’s sights
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.
FSC chief executive joins OECD expert group on retirement
Financial Services Council CEO Blake Briggs has been appointed to the Private Pensions Expert Group of Business at OECD.
HESTA investment committee chair awarded in Australia Day honours
Independent director and chair of HESTA investment committee, Susanne Dahn, have been made a member of the Order of Australia in the 2024 Australia Day Honours for their services to the business, finance, and banking industries.
Industry super heavies appointed to Future Fund board
Former Industry Super Australia chair Greg Combet has been appointed to succeed Peter Costello at the Future Fund, while former QSuper CEO Rosemary Vilgan has been named a board member. The move indicates an expansion of the industry super movement’s influence over the $212 billion sovereign fund and has excited environmentalists about the prospect of a greener mandate.
Low returns stereotype ‘misunderstands’ social housing investments
In the race to secure superannuation capital which is increasingly flowing to mature overseas markets, Housing Australia CEO Nathan Dal Bon says the Australian social and affordable housing sector needs more time to prove its worth.
Asset owners and managers diverge on ESG voting
Two different paths have formed as asset managers have struggled to live up to the expectations of asset owners over ESG engagement in investee companies. A conservative approach to voting for proactive measures has led to managers with net zero targets failing to fulfil those commitments.
Aware Super goes international for head of public market equities
Aware Super has named Agnes Hong as its head of public market equities. Relocating from Philadelphia, she will oversee a portfolio of roughly $90 billion.
Pacific Life Re announces global restructure
Reinsurance company Pacific Life Re has moved to a product-based organisational structure globally.
