It was a challenging August for growth fund returns in the last month, with diversification helping cushion the impact from listed sharemarkets, according to Chant West.
Scientific Beta, an ESG climate index platform that launched in Australia last year, is set to assist super funds in decarbonising their portfolios at the same time as adhering to Your Future, Your Super regulations.
Industry Super Australia and the Australian Institute of Superannuation Trustees have unveiled the new name and new chair of the merged organisation.
With AFCA noting a rising number of members contacting them directly, there are concerns that super funds’ internal dispute resolution processes are lacking even as ASIC raises the bar on internal complaints handling.
Payday super is part of a “whole program of work” to reduce unpaid superannuation by employers, according to Minister for Financial Services, Stephen Jones.
Australians are retiring later than other countries across the globe at 65, compared to the global median age of 61, while Australia's global retirement ranking has fallen two spots.
The fund has commenced a search for a new chief financial officer to succeed Kulwant Singh-Pangly, who steps down at the end of September.
The establishment of a $10 billion housing fund is an important step towards increasing the supply of affordable housing in Australia while providing new investment avenues for institutions, according to leading super bodies.
HESTA has appointed Dianne Sandoval as head of portfolio design, joining from a public pension fund in Saudi Arabia.
Legalsuper has lost a second C-suite executive as its chief investment officer, Norman Zhang, will be leaving in December, just weeks after it announced the exit of chief operating officer Trevin Erichsen.