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Super funds keep eye on Rio Tinto reviewBY HARRISON WORLEY | FRIDAY, 19 JUN 2020 12:37PM
Some of Australia's largest superannuation funds are watching Rio Tinto's board-led review of its iron ore division's heritage management processes with keen interest, following the miner's decision to destroy thousands of years of culturally significant Indigenous sites in the Pilbara.Read more: Rio Tinto, First State Super, Pinikura, Puutu Kunti Kurrama, UniSuper, Juukan Gorge, AustralianSuper, Jean-Sebastien Jacques, Mark Delaney, Michael L'Estrange
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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