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AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
AMP has launched MyNorth Lifetime, a new suite of solutions available through the North platform that combines an account-based pension with the lifetime cashflow features of annuities. The MyNorth Lifetime Income account is a flexible pension account ...

MFS names global fixed income investment chiefs

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
MFS is growing its fixed income department's leadership team with the addition of two co-chief investment officers. MFS director of fixed income, Europe Pilar Gomez-Bravo and fixed income portfolio manager Alexander Mackey will join current chief investment ...

UniSuper chair to step down

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... UniSuper at the end of the year, with an existing board director to replace him. Martin has been on the UniSuper board for close to a decade, the last five years of which were spent as chair. During that time the fund has grown from $60 billion to $100 ...

Goldman Sachs bolsters private investment business

CHLOE WALKER  |  THURSDAY, 13 OCT 2022
Private equity specialist David Grayce will join the multinational investment bank as its new Australian head of growth and corporate equity. Based in Sydney and reporting to Goldman Sachs head of private equity Asia Stephanie Hui, Grayce will work ...

Super fund satisfaction takes hit

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... has declined and more are considering changing funds. The latest CSBA FEAL Superannuation CX benchmarking report surveyed close to 5500 members from 20 super funds and found that customer experience has declined across all key measures. The survey found ...

Nuveen hires APAC natural capital head

CHLOE WALKER  |  TUESDAY, 11 OCT 2022
... in the region in farmland, timberland, and nature-based investments. Globally, the Natural Capital business accounts for close to $10 billion in assets under management. With 20 years' experience working in the agricultural sectors, most recently Hermanson ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... Zealanders who roll their money into Australia is not huge, for a fund comprising 46,000, it's a big deal. And First Super is close to its industry groups which have held up its membership. Timber, manufacturing beds, hard and soft furnishing and ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... measures will assist in protecting customers from scams, and in system-wide fraud detection." Last month, the Optus breach saw close to 10 million customer records exposed, including phone, passport, Medicare ID and drivers licence numbers, customer ...

ESR, GIC start sustainable venture

CHLOE WALKER  |  THURSDAY, 6 OCT 2022
Alongside Singaporean sovereign wealth fund GIC, property giant ESR has raised $540 million for a combined anchor close of EADP II, a develop-to-core logistics fund that will further expand ESR Australia's strategy of delivering premium, sustainable ...

BlackRock appoints new chief financial officer

ELIZABETH FRY  |  THURSDAY, 6 OCT 2022
Martin Small, BlackRock's wealth executive will replace Gary Shedlin as chief financial officer. Small - the head of the US Wealth Advisory business for the past four years, has vastly expanded BlackRock's capabilities for wealth clients," said ...