A string of democratic elections in countries around the world are almost guaranteed to result more shocks to already volatile financial markets. Institutional investors face the unenviable task of trying to discern the impacts on asset valuations and their portfolios.
Reflecting on her journey to Dubai to attend the historic COP28 climate change summit this month, JANA’s head of sustainability, Rachel Halpern, says there was a sense of real progress, especially among business delegates. But it was also clear trillions of dollars in capital must flow to emerging markets to make decarbonisation a reality.
The Federal Court has found that Zurich Australia did not breach its duty of utmost good faith when OnePath Life, the previous owner of Zurich’s life insurance business, avoided an income protection policy because the insured failed to disclose a prior history of hospitalisation for serious mental health issues.
First Nations Economics and First Nations Foundation have launched a $120,000 scholarship program to support women studying finance and business.
Industry fund REST has expanded its exposure to industrial property through a $1 billion partnership with investment manager Barings.
For the size of its AUM, the $75 billion industry fund REST has an extraordinary 2 million membership base that its CIO, Andrew Lill, knows takes hard work to retain. Not wanting to rest on the laurels of the default system, his assumptions stand in contrast to comments made by outspoken industry peer Hostplus CIO Sam Sicilia.
After campaigning for more permanent funding this year, Super Consumers Australia has received a $5 million grant from the government to be delivered over the next five years. The organisation’s acting director Gerard Brody says the taxpayer funding will allow the consumer group to expand its “rigorous” research on fund performance and fees.
AMP has announced the finalists for the 2023 ASTRUM quality award.
Clean Energy Finance Corporation has invested $75 million in the forestry sector via specialist fund manager New Forests, targeting carbon abatement of one million tonnes over the next decade.
Australians fear running out of money in retirement, so they only draw down at the minimum rates. Yet they still seem hesitant about lifetime retirement income products that would help them be more confident in retirement. Researchers around the world call that the annuity puzzle, and have been trying to solve it for decades.
In a perfect world, retirees would enjoy their chosen lifestyle with the confidence that their retirement savings will last the distance. Unfortunately, reality paints a different picture. Retirement arrives and necessitates a reconfiguration of financial strategies and budgets.
Just how super funds help members switch over to the retirement phase once they reach preservation age varies. But it is becoming increasingly tech-driven in a bid to give members a variety of ways to understand how to make the most of the retirement phase of life.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
