Hedging private assets is more critical than ever as Australian super funds buy offshore at record prices, a group of institutional investors have said.
AIA has partnered with Commonwealth Bank’s life insurance business to operate as one entity as it waits for its purchase of CommInsure Life to be completed.
Naomi Edwards, chair of $9.5 billion Hobart-based superannuation fund, Tasplan, says many super funds kid themselves over how unique their value proposition is.
To the surprise of no-one, the result of the capability review found that APRA was not capable of fulfilling its most basic mandate, Pat McConnell says.
The prudential regulator on Tuesday flagged its plan to take a much tougher approach to enforcement using the full range of its powers to deter bad practices.
The financial advice industry will be a testing ground for the securities regulator’s tough new litigious stance on the country’s largest financial institutions, recent disclosures have revealed.