JP Morgan Investor Services has launched a global proxy voting services to help institutional investors meet their corporate governance responsibilities.
The service offers an intra-day web portal for agenda notifications and voting instructions, online standing instruction maintenance, online vote activity reporting, 24-hour customer service and online issuer-driven information.
The services use the new Crest electronic voting system launched recently in the UK, providing an electronic audit trail of meeting notifications and vote instructions from the issuer’s agent to the institutional investor.
AustralianSuper chief executive Paul Schroder has warned the superannuation system must be “reset” to deal with a looming wave of retirements, as millions of Australians prepare to leave the workforce over the next decade.
The financial services sector is set for significant transformation with superannuation to play a pivotal role in shaping the next frontier owing both to its large cash pool and Australia’s growing population of retirees.
Australia’s superannuation sector is set to come together this week for a major cyber security drill designed to strengthen collective resilience.
Australia’s economy is poised for a modest rebound in the June quarter driven by rising consumer spending, but some economists warn growth remains “fragile and unconvincing”.