An independent review of Cbus conducted by Deloitte has deemed that “all existing and new directors” on the fund’s board have satisfied a ‘fit and proper persons test’.
The fund has hired a former ART executive as its new head of group strategy.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
The super fund, which formalised its merger with Spirit Super earlier this month, has announced it is exploring a “shared future” with a $1 billion industry fund.
Following Donald Trump’s election victory, US stock markets have started to retreat as investor sentiment begins to cool.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
Industry bodies have slammed the notion that a generation should be forced to choose between buying a home and saving for retirement, calling it “incredibly unfair.”
Super Review and principal partner Mortgage Choice are proud to announce 30 winners for the annual Women in Finance Awards 2024.
Super funds are flocking to private markets for diversification, but their rapid growth and increasing complexity are raising significant concerns for regulators.
Senator Andrew Bragg has doubled down on super funds regarding their contributions to unions and how they are handling regulatory fines, emphasising that they appear to be “working hard for unions, not people”.