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State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
... forensics/investigations, pen testers and governance, as well as risk and compliance. State Street expects to fill the roles over the next two years. State Street head of Ireland Tadhg Young said Ireland was selected in large part due to the availability ...

Funds will have to guide members on SRM, LTRM

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... may not be a good idea. "I would then say, though, if you've got someone who is going to need most of the money in the next few years, then the short-term is risk measure is actually helpful information to them. If we take it away, there'll be ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... financial year and now has $225 billion in funds under management, with the fund on track to have inflows of $20 billion next year. Asked for his thoughts on the Your Future, Your Super performance test Delaney agreed with many in the industry that it ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... question, Ellis said APRA met its obligations in disclosing the results as it did, and is open to how it does things differently next year. "So, we fulfilled our obligations under the legislation, which was that we publish who passes and who fails, and ...

Should super funds consider crypto assets?

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... said. "That's this transition from an industrial economy to a digital economy. Blockchain cryptocurrencies are these next generation digital economic infrastructure," he explained. It's not that the assets do not come with a speculative nature ...

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... by funds. "I feel like if we can take the chatter on the social media platforms as a precursor to what is going to happen next, then if you look at Reddit or any of finfluencers' social media platforms, we see a lot of chatter about these annual ...

Forrest pitches a green Fortescue to super funds

STAFF WRITER  |  WEDNESDAY, 1 SEP 2021
... green hydrogen and green iron ore with the view of customers switching to them from coal. "Fortescue will come out in the next few weeks with firm s cope 3 emissions targets, and we will discuss on public record how it will help customers," Forrest said. ...

Cbus, Media Super sign SFT deed

JAMIE WILLIAMSON  |  WEDNESDAY, 1 SEP 2021
... second half of FY22. News of the milestone follows yesterday's announcement that Bracks will exit the fund in January next year. Former Treasurer and Deputy Prime Minister Wayne Swan will succeed him as Cbus chair.

Wayne Swan to chair Cbus

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... will chair $65 billion industry fund Cbus. The fund announced today that Swan would succeed long-serving chair Steve Bracks next year. Commenting on his appointment, Swan said: "I'm humbled to have been chosen as the next chair of Cbus. Australia's ...

Rest streamlines asset classes

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... private equity; property; infrastructure; bonds; sub investment grade bonds; absolute return; and agriculture. At the end of next month, these will change to Australian shares; overseas shares; property; infrastructure; debt; cash; and alternatives. ...