Super SA chief executive, Dascia Bennett, has stepped from the role after five years at the $36 billion public sector fund, during which time the fund navigated an ICAC evaluation.
The $250bn Future Fund has appointed a chief investment officer, over a year after the departure of previous CIO Sue Brake last June.
MLC Life Insurance believes life insurers should be able to provide advice under the Quality of Advice Review in the same way as superannuation funds.
HESTA has progressed its move to internalisation with 10 per cent of the fund managed internally across Australian equities, cash, and Australian fixed income.
Eyeing lucrative investment opportunities overseas, the $160 billion fund said its London office will be operational by year’s end and has highlighted the potential of a North American office in coming years.
A number of industry veterans have joined the London office of Australia’s largest superannuation fund, which currently has some $40 billion invested in the UK and Europe.
Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members.
Super funds have shared the areas where they believe the Australian Taxation Office could improve its efforts.
The State Street Global Investor Confidence Index has seen a muted rise in June with a rise of just 0.8 points as investors remain defensive.
Equip Super has announced the appointment of Anthony Angelucci, a former head of product and strategy at Mercer Super, to a similar role at the $30 billion fund.