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HESTA, Vision Super divest Israeli securities

KARREN VERGARA  |  FRIDAY, 7 NOV 2025
As HESTA and Vision Super move to divest members' money from Israeli bonds and shares, other superannuation funds' ethical options continue to overlook human rights abuses. HESTA confirmed the move, saying that as part of its investment strategy ...

Hume's super sharing bill lashed in parliament

ELIZA BAVIN  |  FRIDAY, 7 NOV 2025
... fund to make the two funds more even." However, while Labor senators agreed with the premise that work needs to be done to close the gender super gap, they said that work needs to begin with the gender pay gap, not a band aid solution at retirement. ...

NRFC invests in brain-computer interface devices

ANGELIQUE MINAS  |  FRIDAY, 7 NOV 2025
The National Reconstruction Fund Corporation (NRFC) has taken a $54 million stake in Australian medical device company Synchron, to support the production of minimally invasive Brain-Computer Interface (BCI) devices. Synchron's Strentrode BCI device ...

Former Selfwealth chief lands new gig

MATTHEW WAI  |  FRIDAY, 7 NOV 2025
... executive, bringing more than 30 years of experience across global financial markets. Earlier in his career, Keary spent close to a decade with AMP Capital, including several years based in Tokyo as chief executive Asia Pacific and other senior capacities ...

Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
Prime Super paid a penalty of $18,780 after it claimed it "excluded entirely" manufacturers of tobacco products when it had indirect holdings in six companies. ASIC issued an infringement notice to the $8 billion super fund over misleading statements ...

Schroders Australia chief executive to retire, successor named

MATTHEW WAI  |  WEDNESDAY, 5 NOV 2025
... wonderful business and continue to build upon the exceptional capabilities of the local and global platform," she said. After close to four decades in the investment industry, Doyle believes it is the right time to step back from a full-time executive ...

Damian Graham jumps to Challenger

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
Challenger has announced the appointment of Damian Graham to the new role of group chief investment officer, effective January 2026. The group chief investment officer position is a new role that will integrate investment teams from Challenger Life ...

RBA on hold but 'not as hawkish as feared'

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
... Australia (RBA) surprised no one by keeping interest rates on hold at 3.6% at its November meeting, but economists were paying close attention to the tone of the statement released by the central bank. Betashares chief economist David Bassanese said ...

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
Private credit fund managers downplay the risks of their products and flout basic disclosures of the state of their investments, ASIC's investigation reveals, fearing they have the potential to harm investors, the sector itself and the broader financial ...

Outsourcing will 'supercharge' value of advice: Netwealth

MATTHEW WAI  |  TUESDAY, 4 NOV 2025
A new report from Netwealth outlines key methods of growth for advice businesses, including pinpointing where to outsource some business activities. Netwealth's Innovation starts with curiosity report touches on several solutions, spanning from ...