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Industry funds increase allocation to equities
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
AMP confirms foray into bitcoin
AMP has made its first foray into bitcoin, confirming a modest allocation to the cryptocurrency, according to its senior portfolio manager.
AUTHOR
Maja Garaca Djurdjevic
Super funds eye 25k retirements annually, ramp up investment in digital transformation
Superannuation funds are ramping up investments in digital transformation, focusing on improving member experiences and addressing the growing demand for retirement guidance.
Super funds embrace AI to enhance operations and member services
Superannuation funds are cautiously integrating artificial intelligence (AI) into their operations, leveraging its potential to streamline processes, improve decision making, and enhance customer service, according to a new report.
Super funds fortify cyber security amid growing digital threats
Superannuation funds are stepping up their cyber security efforts as reliance on digital infrastructure exposes them to growing risks of cyber attacks, according to new research from JP Morgan.
MLC to merge with Resolution Life Australasia
The two life insurers have announced a merger following the total acquisition of Resolution Life’s Australiasian subsidiary by Nippon Life Insurance Company.
ASFA adds newly created role to exec team
An experienced communications specialist is joining the industry group in a newly created role.
AUTHOR
Jessica Penny
Market prices in February rate cut
The RBA has marked a shift in tone, dropping its usual phrase about “ruling anything in or out” to signal an evolving approach as fresh data shapes its decisions.
AUTHOR
Maja Garaca Djurdjevic
Instos embrace risk as US equity allocations reach 16-year high
The State Street Risk Appetite Index saw its fourth consecutive month of risk seeking activity, rising to 0.27 in November.
AUTHOR
Jessica Penny
RBA unveils final rate call for 2024
The central bank has delivered its last rate decision for the calendar year.
