As the issue of deep-sea mining heats up – and geopolitical tensions rise – more asset owners will have to decide and share their stance on the practice. But the issue is more complex than simply whether DSM is more or less environmentally destructive than land-based mining.
Nearly 6000 financial advisers are yet to be registered under a separate obligation with ASIC, putting them at risk of no longer being able to provide advice, the Financial Advice Association has warned.
The $14 billion NGS Super has appointed startup Grow Inc as its new administrator, switching from Mercer following a review.
AIA Australia has donated a total of $60,000 to three grassroots tennis clubs and three local surf schools in New South Wales and Victoria to support their sports programs.
Zenith Investment Partners has appointed Matt Warren to the newly created role of group head of product, reporting to managing director Jason Huddy.
APRA has retired two prudential practice guides for general and life insurers as it looks to consolidate the regulatory framework.
Delivering effective financial advice and retirement income solutions to members is critically important, says former ASIC commissioner Danielle Press in her first interview since leaving the regulator. Decumulation is tricky, Press admits, but says fund execs are smart people and super funds are big businesses, so they have few excuses to get it right.
Investors face a plethora of risks in 2024 so it will be interesting to see how credible Janet Yellen’s declaration that the US economy has achieved a soft landing looks at year end, and to know what became of the asset rally fanned by such hopes as the year opened.
Former UniSuper CEO Kevin O’Sullivan has joined the Compensation Scheme of Last Resort transitional board as a non-executive director, ahead of the scheme’s scheduled commencement in April.
Religious charitable development fund Uniting Financial Services (UFS) has appointed asset consultancy JANA to advise its investments.
Sequoia Financial Group has appointed Bernie Fernandes as the state manager of Western and South Australia.
Super funds will need to bring climate-related reporting onto the top of their agenda as many will soonbe required to provide an audited sustainability report, according to draft legislation released by the Treasury on Friday.
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