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 managing director of an AMP-aligned dealer group is exiting the business to take on a new role.
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.
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