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| | | Andrew and Nicola Forrest's investment firm has committed nearly $750 million to a fund dedicated to rebuilding post-war Ukraine's infrastructure with green and digital assets. Forrest and President Volodymyr Zelenskyy announced the investment ... |
| | | | APRA has proposed to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational ... |
| | | | Cbus has recommended that the stapling provisions in Your Future, Your Super (YFYS) laws be urgently addressed to reverse the uninsurance risk for workers in hazardous occupations. In its submission, Cbus said stapling reforms have led to many members ... |
| | | | Three years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman ... |
| | | | At the Australian Financial Review (AFR) Super and Wealth Summit, super fund chiefs agreed that the tax concessions on bloated retirement savings accounts should be trimmed. The panel on the strategic directions for super consisted of Mercer Australia ... |
| | | | ... earning a higher return on investments than that offered by banks, had a balanced to aggressive risk profile and the ability to read and comprehend the prospectus. Among other things, ASIC was concerned that Finnia's TMD did not adequately describe the ... |
| | | | J.P. Morgan Asset Management kicked off its ETF business in Australia today, promising an alternative to the plethora of thematic offerings flooding the market. On the ASX today, the investment giant listed the JPMorgan Equity Premium Income Active ... |
| | | | ASIC chair Joe Longo said the market regulator is currently investigating several listed companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating ... |
| | | | Grattan Institute has warned the government against watering down the Your Future, Your Super reforms, saying it should instead focus on implementing the remaining recommendations of the Productivity Commission. In its submission, Grattan Institute ... |
| | | | ... and still receive the pension. "I don't think any developments are moving towards a universal pension, I wouldn't read it in that light at all," he explained. "The government clearly wants to reduce the deficit and make its financial position ... |
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