Legalsuper’s head of portfolio management jumps ship to ESSSuper

The executive has taken up a new role as investment manager.

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HESTA nabs exec legalsuper for new strategic planning role

The $83 billion fund has bolstered its strategic planning capabilities with the creation of a new role.

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Super executives on King’s Birthday Honours List 2024

| By Rhea Nath |

Several members of the superannuation industry have been recognised in this year’s list of honourees.

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RBA prepared to raise rates if inflation remains sticky

RBA governor Michele Bullock says the bank is prepared to lift rates again if inflation proves stickier than expected.

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Sluggish GDP growth cause for concern

Outside of the pandemic years, GDP in the March quarter delivered the slowest rate of annual growth in three decades.

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EQT offloads SAF administration to SuperConcepts

The superannuation trustee business has hit a key milestone in its bid to achieve synergy following its acquisition of Australian Executor Trustees (AET).

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Active Super misled investors on ESG credentials, court finds

ASIC commenced civil penalty proceedings against the $13.5 billion fund last year over allegations it misrepresented to the market that it was an ethical and responsible superannuation fund.

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ASFI warns super performance test at odds with Future Made in Australia agenda

The current framework of the test remains a barrier to allocating capital at scale towards the energy transition despite the government’s recent $22.7 billion commitment to drive investment in this sector, according to the Australian Sustainable Finance Institute.

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SMC flags ‘outdated’ super rule for retirees re-entering the workforce

Some retirees are “needlessly” paying two sets of fees and often more tax than they need to, according to the industry body.

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Equity Trustees cops $780k fine over data reporting failures

According to APRA, the trustee failed to meet its legal obligations to report data by the required deadline for two funds under its trusteeship.

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Grant Banner

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