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Pension giant cuts tobaccoBY KANIKA SOOD | TUESDAY, 18 JUN 2019 11:53AM
A pension giant is offloading $73 million worth of investments in tobacco companies as its chief investment officer sees no future benefits for its members in the industry.
Read more: Amundi, ESG, Nest Retirement, Australia, Environment, Governance, Mark Fawcett, National Employment Saving Trust, Social, UK
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The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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