Building on its extensive report highlighting superannuation funds as key investors in private markets both locally and offshore, ASIC chair Joe Longo said ASIC has no objections to funds investing overseas.
As super funds and private equity firms ramp up take-private deals, shrinking the ASX, the corporate watchdog is on high alert, especially with global consensus suggesting that the next financial crisis could stem from private markets.
Australian super funds are expected to invest trillions of dollars in international markets by 2035, with the US emerging as the top destination for these funds, according to a new report commissioned by IFM Investors.
The local private credit market, which has flourished in a higher-for-longer rate environment, is poised to continue its growth as interest rates ease, experts predict.
The $149 billion fund has named new directors following the departure of three outgoing board members.
New data indicates that investor conviction in US exceptionalism has peaked, according to Bank of America.
Generation Life has backed new voluntary best practice principles aimed at improving retirement income solutions for Australians, despite opposition from parts of the financial services sector.
Australia’s pension assets pool is set to surpass other key economies, new research from the Super Members Council (SMC) has shown.
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.