Future Fund voted down Pinnacle equity grantsBY KANIKA SOOD | TUESDAY, 13 AUG 2019 12:39PM
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows.Read more: Future Fund, Pinnacle Investment Management, Ian Macoun, NAB, Westpac, Adrian Whittingham, Alan Watson, Andrew Chambers, Andrew Thorburn, ANZ, Brian Hartzer, Commonwealth Bank, ESG, John Eales, Lorraine Berends, Magellan Financial Group, Matt Comyn, MFG, Shayne Elliott, Wallabies
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Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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