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InvestorDaily Magellan Financial Group has added Cathy Kovacs as a non-executive director to its board, the latest in a string of appointments at the fund manager as it seeks to return to growth. The latest appointment comes after Colette Garnsey informed Magellan of her intention to retire from the board at the conclusion of the […]

InvestorDaily Australian super funds have moved up in the rankings of the world’s largest pension funds, research by WTW’s Thinking Ahead Institute and Pensions & Investments has revealed. The latest Global Top 300 Pension Funds report, published by the two firms, showed that AustralianSuper ranked in 18th position with US$177.45 billion in assets, up from a year earlier […]

Investment Magazine Rest chief investment officer Andrew Lill is prioritising renewable energy assets as part of the $70 billion super fund’s alignment to Sustainable Development Goals. The fund plans to invest $2 billion in renewables and lower carbon assets by 2025, achieve net-zero emissions from property holdings by 2030, and allocate 1 per cent of funds […]

InvestorDaily While acknowledging that some progress has been made by the superannuation industry in implementing the retirement income covenant (RIC), the Australian Prudential Regulation Authority (APRA) has indicated there is an “urgent need” for further improvement. This comes after a review by APRA and the Australian Securities and Investments Commission (ASIC) last month concluded that super […]

InvestorDaily The Australian ETF industry grew to $153.5 billion in funds under management during the month of July, 2.4 per cent above the previous $150.0 billion record reached a month earlier. The latest BetaShares Australian ETF Review suggested that “robust” investor flows combined with market appreciation had resulted in a strong start to the second […]

Australia’s total superannuation assets reached $3.54 trillion at the end of June quarter, according to new data from the Australian Prudential Regulation Authority (APRA). This figure is 7.6 per cent higher than a year earlier, when total assets sat at $3.29 trillion, and up 1.4 per cent on the $3.49 trillion in assets reported at […]