The superannuation trustee business has hit a key milestone in its bid to achieve synergy following its acquisition of Australian Executor Trustees (AET).
ASIC commenced civil penalty proceedings against the $13.5 billion fund last year over allegations it misrepresented to the market that it was an ethical and responsible superannuation fund.
The current framework of the test remains a barrier to allocating capital at scale towards the energy transition despite the government’s recent $22.7 billion commitment to drive investment in this sector, according to the Australian Sustainable Finance Institute.
Some retirees are “needlessly” paying two sets of fees and often more tax than they need to, according to the industry body.
According to APRA, the trustee failed to meet its legal obligations to report data by the required deadline for two funds under its trusteeship.
Inflation dynamics and the shifting international landscape are two major concerns that keep RBA employees up at night.
The industry body has welcomed an experienced business leader as its inaugural chair.
The $34 billion fund has named its new chief experience officer to lead its recently established member experience business function.
The corporate regulator has called on trustees to step up their game when it comes to member services.
Brighter Super intends to invest an additional $500 million in Queensland across sectors like infrastructure, agriculture, and housing, against the backdrop of the 2032 Brisbane Olympic Games.