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ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... recent state legislation on US investments, the long-run costs could become significant," Rainmaker said. "This result does not address political tensions in the US regarding ESG investment philosophies. "But it does reaffirm, despite what anyone's views ...

The great super cover up is over: Bragg

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
... will remain intact. Last year, the government legislated that super funds' non-political donations would be aggregated and not individually itemised. Assistant treasurer and minister for financial services Stephen Jones argued this would strike the right ...

Pengana offloads Lizard Investors stake

CHLOE WALKER  |  FRIDAY, 10 FEB 2023
... thrive and be able to attract and retain talent if wholly owned by the management team," Pengana said. "The divestment will not, in any way, impact arrangements between Pengana and Lizard regarding the management of the Pengana Global Small Companies ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... super funds could be collectively charged," she said. "Without some controls built in, there is concern that this advice might not be 'good' advice, and that consumers won't draw a distinction between that advice and professional advice given ...

ESG lead salaries hit $350k: Recruiter

RACHEL ALEMBAKIS  |  THURSDAY, 9 FEB 2023
... to join. People want to work for authentic leaders, particularly within ESG and sustainability. It's too risky for it not to be authentic. "That leadership piece is critical - people are looking to the CEO and the board to be genuine around this. ...

ETFs start 2023 with a bang: BetaShares

CHLOE WALKER  |  THURSDAY, 9 FEB 2023
... short exposures which received $150 million of net inflows - potentially illustrating that investors believe the worst is not yet over for the share markets," Israelstam said. Israelstam added that it was also a dramatically positive month for performance ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... fund." He also slammed the recommendation that super trustees be free to decide how they charge for the advice. "Super is not a sector known for its self-control when it comes to fees. Australians have been paying more on super fees than on electricity. ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... Treasury adopts the recommendation outlined in the Quality of Advice Review (QAR) final report. The QAR chair said her mind had not been changed on the subject and remained firm in her decision that not all personal advice needs to be provided by a relevant ...

APAC REITs see robust growth

CHLOE WALKER  |  WEDNESDAY, 8 FEB 2023
... sponsors and educate the investment community of the benefits that alternative real estate and REITS offer them. "Progress will not occur at lightning speed, but we do not need a revolution," he said. "Sound investment strategies into the right sectors ...

Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
Australia's $1.6 trillion wholesale funds market has experienced negative growth, contracting 2.6% in annual terms. According to Rainmaker Information's latest Wholesale Advantage report, wholesale funds have had three consecutive quarters of negative ...