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| | | APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ... |
| | | | APRA general manager of governance, culture, remuneration and accountability Stuart Bingham said a strong risk culture is essential for effective risk management outcomes. In a speech, delivered at the Financial Services Assurance Forum, Bingham discussed ... |
| | | | Reserve Bank of Australia governor Philip Lowe cited climate change and the transition to renewable energy as two of four longer-term changes to the global economy that are "likely to affect the dynamics of inflation, central bank policy and the way ... |
| | | | ... industrial property. Shifting more assets into industrial property paid off as the asset class delivered total returns of close to 20% for the 12 months to June 30. Several years ago, TelstraSuper moved the portfolio away from traditional retail investments ... |
| | | | The global infrastructure manager and industry super fund will own 70% and 30% of the asset, respectively. Spirit Super and Stonepeak have bought the asset from Brookfield and State Super for an undisclosed amount. The Port of Geelong is the second ... |
| | | | APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ... |
| | | | The big four bank has confirmed it will close NAB Asset Servicing, following years of mandate losses. The move comes as part of the bank's ongoing strategic review, having tried to offload the business for several years now. It will be wound up ... |
| | | | ... Estate Asia Pacific director of housing Ben Taylor. The Switch, Adelaide Central is located in Adelaide's CBD and is close to Flinders University's future CBD campus "Festival Tower" opening in 2024, "Since the re-opening of Australia's borders ... |
| | | | Industry Super Australia (ISA) says the Your Future, Your Super performance test results show many poor performing super funds, particularly retail, have gamed the system, leaving members worse off. "Dud super funds manipulate fees and reclassify investment ... |
| | | | ... years, including as chief executive, Hong Kong. Prior to joining Schroders, Durack was chief executive of State Super for close to three years. Durack's new role is effective January and will be based in Singapore. Soh leaves with a long track record ... |
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