Funds Management News

Investment Magazine While many super funds have been keen to push their “green” credentials, with some offering products with specific sustainability claims, there is a new concern to rethink what is being publicly claimed due to increased scrutiny from regulators and pressure from environmental activist groups. Superannuation funds are checking their websites and PDS statements, […]

Investment Magazine Industry super funds CareSuper and Spirit Super have begun exploring the possibility of merging, but the projected combined pool will be below APRA’s preferred fund size. The merge, if undertaken, would create a combined fund with over 500,000 members and over $45 billion in funds under management, but that would still be below the $50 […]

InvestorDaily Australian Retirement Trust (ART) has announced the appointment of former Reserve Bank (RBA) deputy governor Guy Debelle as an external adviser to its investment committee. Dr Debelle worked at the RBA for 25 years, including as deputy governor for six years, before departing in March last year to take up the role of chief financial officer […]

Investment Magazine The Federal government’s plan to double the tax rates of the earnings of Australians with superannuation accounts of over $3 million will raise key operational issues including the calculation of unit pricing, leading to increased cost to members. Under the proposal changes, future earnings above the $3 million threshold during the accumulation phase will […]

AFR The corporate watchdog has accused retail superannuation giant Mercer of misleading members about the sustainability of its investments in a landmark greenwashing case. It is the first time the Australian Securities and Investments Commission has taken a company to court alleging greenwashing, after both it and the consumer watchdog pledged to crack down on this sort […]

InvestorDaily Although fixed income assets faced immense pressure last year due to high inflation and interest rates, the outlook for this asset class is starting to look more positive. To say that 2022 was a difficult year for fixed income would be a “gross understatement”, according to UBS Asset Management’s head of fixed income, Charlotte […]