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Showing 571 - 580 of 2809 results for "TES"

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
Appearing before the House of Representatives' Economics Committee, APRA's Margaret Cole said the regulator is concerned about some of the super funds that passed the performance test yet fail the regulator's own sustainability testing. ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
The blind rush to consolidate that gripped the $3.4 trillion superannuation sector in recent times may be finally over, according to First Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more ...

ESR, GIC start sustainable venture

CHLOE WALKER  |  THURSDAY, 6 OCT 2022
Alongside Singaporean sovereign wealth fund GIC, property giant ESR has raised $540 million for a combined anchor close of EADP II, a develop-to-core logistics fund that will further expand ESR Australia's strategy of delivering premium, sustainable ...

UBS launches philanthropic arm down under

CHLOE WALKER  |  THURSDAY, 6 OCT 2022
The Australian expansion comes as UBS's philanthropic activities gather pace around the globe, with new initiatives in environmental, health, education and child protection issues. For more than two decades, the UBS Optimus Foundation has supported ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
APRA's thematic review on outsourcing arrangements in the superannuation industry found that trustees' efforts since the Royal Commission have resulted in stronger board oversight and monitoring of outsourcing arrangements and service providers. The ...

FEAL appoints chief executive

CASSANDRA BALDINI  |  WEDNESDAY, 5 OCT 2022
The Fund Executives Association Limited (FEAL) named Katrina Bacon as its new chief executive. She will commence the role in January next year and replaces Joanna Davison who is retiring after holding the position for nine years. Bacon has more than ...

BUSSQ sees strength in niche super

ELIZABETH FRY  |  FRIDAY, 30 SEP 2022
The choice to replace BUSSQ chair Paula Masters with a builder with years of hands-on industry experience makes sense. Chris Taylor hails from a very different background from the chairs of other super funds. It is an unusual appointment, alright. He ...

Quinbrook sells unicorn startup to Brookfield

ANDREW MCKEAN  |  FRIDAY, 30 SEP 2022
Quinbrook has sold Scout Clean Energy to Brookfield Renewable for US$1 billion ($1.5 billion). Brookfield also has the potential to invest an additional $350 million to support the business' development activities. Scout will continue to operate as ...

RBA progresses digital currency project

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
The Digital Finance Cooperative Research Centre (DFCRC) and the Reserve Bank of Australia (RBA) have released joint research report, providing an update on the possible central bank digital currency (CBDC) the two are exploring. The report titled Australian ...

Allianz Retire+ bolsters executive team

CHLOE WALKER  |  MONDAY, 26 SEP 2022
Andrew Stewart and Malcom Weir join the Allianz Retire+ team as its new head of distribution wealth and head of life protection. The three hires play a pivotal role in the firm's refreshed strategy, according to Australian chief executive Adrian ...