The latest issue of Financial Standard now available as an e-newspaper
Rio Tinto decision exposes limits of super engagementBY ELIZABETH MCARTHUR | TUESDAY, 7 JUL 2020 12:00PM
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in.
Read more: Rio Tinto, Juukan Gorge, OM Holdings, Australasian Centre for Corporate Responsibility, AustralianSuper, Brynn O'Brien, Darwin Magistrates Court, Financial Standard, First State Super, Jean-Sebastien Jacques, Jonathan Steffanoni, Peter Toth, UniSuper
|Sponsored by Insight Investment|
Towards a perfect currency solution
A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|