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Showing 1 - 10 of 100+ results for "FOS"

AFCA must improve transparency: Hume

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... to further inform this work," he said. This November marks AFCA's three-year anniversary. The Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT) merged to form the single bod ...

QIC names Frawley's successor

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
Following a global executive search, QIC has named its new chief as the incumbent steps down next year. Lendlease group head of investments Kylie Rampa will commence as QIC's chief executive in April 2022 as Damien Frawley caps off 10 years with ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
National Australia Bank recorded a 76.85% increase in cash earnings to $6.56 billion in its full-year results and outlined a new oil and gas policy. The big four bank also report a statutory net profit of $6.36 billion, up from $2.50 billion in 2020. ...

Pendal brings Global Select Fund to Australia

JAMIE WILLIAMSON  |  MONDAY, 8 NOV 2021
Australian investors can now access one of Pendal's most successful global equities strategy. The fund manager has rolled out the Global Select Fund to local investors, which currently has about US$5.3 billion in funds under management. Pendal says ...

Governments must act on net zero: Morningstar

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
Asset managers around the world are working hard to turn their investment strategies into measurable emissions reductions, but must be attuned to the risk of net zero washing, new research says. Morningstar's latest report, Asset Managers and Net ...

CFS joins firms in net zero alignment

ANNABELLE DICKSON  |  THURSDAY, 28 OCT 2021
As the COP26 summit approaches Colonial First State (CFS), the NZ Super Fund and Goldman Sachs have announced their commitment to net zero initiatives. CFS announced its alignment to the goals of the Paris Agreement and is committing to net zero emissions ...

BlackRock votes against CBA resolution

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
Despite its vocal stance on sustainability and net zero ambition, BlackRock voted against a Commonwealth Bank shareholder resolution to stop the bank financing fossil fuels. The largest asset manager in the world, with US$9.5 trillion in assets under ...

Super funds extend poor disclosure to ESG holdings

KARREN VERGARA  |  MONDAY, 11 OCT 2021
Superannuation funds are extending their opaque disclosure practices to their environment, social and governance commitments. The recent Financial Standard Best Practice Forum on ESG heard that only a small subset of super funds are walking the talk ...

ASFA urges net zero 2050 targets

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
The Association of Superannuation Funds of Australia is calling on super funds to seriously consider climate change risks and commit to net zero greenhouse gas emissions in a new discussion paper. Climate change risk highlights mitigation strategies ...

FTSE Russell launches new ESG indexes

ELIZABETH MCARTHUR  |  FRIDAY, 1 OCT 2021
FTSE Russell has introduced six Russell ESG indexes, based on the Russell 1000, 2000 and 3000 benchmarks. The Russell US ESG Indexes are designed to integrate ESG into institutional-grade US equity indexes. The six new indexes are constructed using ...
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