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|More financial institutions have signed up to Climate League 2030, which seeks to achieve Paris-aligned emissions reductions in Australia by 2030.|
|An industry superannuation fund awarded a $180 million mandate to Loomis, Sayles & Company.|
|The New Zealand government's review of default KiwiSaver providers has resulted in AMP not being reappointed.|
|AustralianSuper and Club Plus Super are working towards a merger, which would see the creation of a $207 billion fund.|
|Members of $100 billion government fund QSuper have been notified of a few changes ahead of its merger with Sunsuper.|
|Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus.|
|The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume.|
|Superannuation funds welcomed the budget's move to dump the $450 threshold, but called out a lack of measures to close the super gap.|
|Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure.|
|After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...|
Dimensional's sustainability suite is being expanded with the introduction of a new emerging markets fund with an ESG filter.
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley.
The Victoria government's LaunchVic is looking for a fund manager to run a $120million startup fund.
The Association of Financial Advisers (AFA) has raised concerns about the cost of the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation.
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