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UniSuper names next chief executive

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
The $95 billion superannuation fund has picked an external candidate to replace outgoing chief executive Kevin O'Sullivan. Peter Chun will replace O'Sullivan, who earlier this year announced his retirement after eight years in the role. Chun ...

Research reveals factors influencing advice

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAY 2021
A study which saw financial advisers providing advice for hypothetical clients found glaring inconsistencies in risk assessments, with suggestions an adviser's own circumstances can influence the advice provided. The data from Oxford Risk shows, when ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
Superannuation assets hit a record high of $3.127 trillion at the end of the March 2021, new APRA figures show. This is a 15.1% increase year on year, APRA said in releasing the quarterly figures, attributing the growth to strong investment performance. ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... Australia hard (according to the Global Times) - has sent iron prices down by 3.9% to US$207.01 per tonne from the all-time high close of US$215.48 a tonne recorded in early May. China's also reportedly increasing domestic iron ore exploration efforts ...

Super funds hunt for co-investment deals

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
Superannuation funds' appetite for alternative investments, particularly private equity and infrastructure, is heating up, new research shows. Joint research by Preqin and the Australian Investment Council reveal super funds are on the hunt for ...

JANA appoints head of sustainability

KANIKA SOOD  |  MONDAY, 24 MAY 2021
JANA has hired Westpac's executive manager for risk for the newly created role of head of sustainability. Rachel Halpern will work closely with JANA's head of responsible investment Tim Conly, taking the team to six people, the firm said. Halpern will ...

LGIAsuper reveals post-merger executive, board lineup

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
LGIAsuper, which is set to finalise its merger with Energy Super next month, has unveiled its new-look leadership team. In an update on the progression of the merger, after already announcing Kate Farrar as chief executive of the merged fund, LGIAsuper ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... superannuation withdrawals of about $288 million last year. For Hostplus, merging with Intrust delivers a membership that is close to both its key industries, and in a state it has eyed for a long time. Hostplus' strategic plan for FY18 to FY20 presented ...

Super fund whistleblower policies lacking: ASIC

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... Danielle Press called attention to drawbacks in whistleblower policy requirements that came into effect earlier this year. "Close to half the policies in our sample omitted at least one key element when explaining how potential whistleblowers can report ...

Federation AM awards mandate

ANNABELLE DICKSON  |  THURSDAY, 20 MAY 2021
Federation Asset Management has selected an administrator for its Sustainable Australian Real Asset Trust (SARA). Apex Group will provide fund administration, share registry and regulatory services to Federation's SARA, which will invest in renewable ...