Tobacco and super funds must splitBY JAMIE WILLIAMSON | THURSDAY, 20 OCT 2016 12:56PM
Institutional investors need to do more to combat investment in tobacco, with around $10 billion still invested via superannuation alone.
Read more: UN, Altius Asset Management, Australian, Dr Bronwyn King, Lonsec Innovation, Altius Sustainable Bond Fund, Asgard, CareSuper, Cbus, Equipsuper, First State Super, Framework Convention, Future Fund, Macquarie Acquire, New Zealand, Norway, only Australia, Sydney, VicSuper, World Health Organisation
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Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
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