Some 3,000 members of Aware Super will see their future pension risk reduced after the fund partnered with Challenger to provide a de-risking solution for its defined benefit fund.
Following a two-year process of consultation and reform, APRA’s latest guidance aims to help super trustees with the formulation, implementation, and oversight of an investment strategy, including unlisted assets.
UniSuper has appointed equities fund manager NorthStar Impact as a specialist external manager.
Equip Super has consolidated membership, operations, and investments under one brand following the acquisition of Catholic Super as it targets $50 billion in funds under management.
Head of ESG at CareSuper, Claire Molinari, has been appointed to RIAA’s Nature Working Group.
Over a million members of $160 billion Aware Super are set to benefit from its digital transformation as the fund finalises a successful migration to a new in-house digital platform.
Comprising both small and mega super funds, these 10 growth funds have managed to deliver returns over 7.5 per cent per annum consistently for the last decade, according to Chant West.
For the 12 months to 30 June, two of Colonial First State’s Lifestage funds have returned double-digit returns while its Essential Super has achieved a 10.7 per cent return.
Nominations and submissions have now opened across 29 categories for the seventh annual Women in Finance Awards.
The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers, and Financial Services Council about its review of over 100 TMDs for general and life insurance products.