Big banks, super funds join forces for sustainabilityBY ELIZABETH MCARTHUR | WEDNESDAY, 27 MAR 2019 11:34AM
Senior executives of the big banks, superannuation funds, insurance companies and industry bodies have come together for the Australian Sustainable Finance Initiative.
Read more: Climate Change, Australian Sustainable Finance Initiative, Jacki Johnson, Investment Association Australia, Guy Debelle, Reserve Bank of Australia, APRA, Australian Ethical, Cbus, David Atkin, European Union, Green Finance Taskforce, High Level Expert Group, IAG Group, International Energy Agency, Matthew McAdam, Paris Agreement, Pendal Group, Phil Vernon, Responsible Investment APAC, Richard Branweiner, Simon O'Connor, UK, UN Sustainable Development Goals
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BT Financial Group has shut down a $670 million global property fund and a $293 million Asian shares fund, as it sees them unsuitable for retail investors.
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role.
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise.
A $486 billion global manager has hired Principal Global Investors Australia's institutional sales director for its Sydney office, as it looks to grow its business down under.
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