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| | | ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ... |
| | | | ... already $220,000. When giving the advice, the adviser failed to obtain or consider the client's superannuation assets in the Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account ... |
| | | | ... productivity-enhancing reforms due in mid-2025. The Productivity Commission will engage broadly and has already invited public engagement. |
| | | | Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ... |
| | | | High-profile Hostplus executive Con Michalakis has landed the top investment job at the $46 billion public sector investment manager. Reporting to Funds SA chief executive John Piteo, Michalakis will replace acting chief investment officer Matt Kempton ... |
| | | | Future Fund senior associate Wai-Kwan Chislett has moved from running overlay strategies to working with the responsible investment team until next July. Chislett has been with Australia's sovereign wealth fund for four years, most recently as senior ... |
| | | | ... transfer agency and regulatory reporting services for First Sentier. These services will be rolled out across the manager's public market fund business in Australia, Ireland, Singapore, and the UK, it said. Their partnership began in 2005, with Northern ... |
| | | | ... uncertainty around climate policies which have contributed to underinvestment in power supply, and a "huge expansion" in public spending. He said the expansion in public spending is particularly significant because public sector productivity is "invariably ... |
| | | | Global public pension funds and sovereign funds are refocusing on generating long-term returns, generally targeting opportunities in private markets, emerging markets, and green assets, according to the Official Monetary and Financial Institutions Forum ... |
| | | | The fund for Western Australian public sector workers has renewed its mandate with MUFG Retirement Solutions. MUFG Retirement Solutions, formerly Link Group, has held the mandate since July 2014 when the Western Australian government first outsourced ... |
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