Page 16 - Future Super News Today

What did I divest from? Ash and I never thought of ourselves as investors (it has a bit of a suit-and-tie vibe), but thanks to compulsory superannuation in Australia, every Australian of working age is an investor – even if you don’t have a stock portfolio. “I can almost guarantee you that if you are not watching where that money goes, you are accidentally financing the climate crisis,” says Bullock. This is because “in Australia, most superannuation companies are investing in fossil ...

Aberdeen Standard appoints new APAC CEO — 1 minute read 27 January 2021 Aberdeen Standard Investments (ASI) has appointed a new APAC chief executive to spearhead its “ambitious growth agenda” in the region. René Buehlmann will take the reins at the APAC business, succeeding Hugh Young, who will take on a new role as Asia chairman. Mr Buehlmann will have responsibility for driving ASI’s global strategy in the region as it invests to build out its franchise and ...

Ethical fund CEO to depart — 1 minute read The co-founder and chief executive of Future Super will be stepping aside from the role. Kirstin Hunter will leave Future Super in 2021. Ms Hunter joined Future Super in 2017 as chief operating officer before being appointed to the board as managing director in 2018. In 2020 she was named as a co-founder and promoted to the CEO role. Co-founder Simon Sheikh will now be taking back the reins as CEO.  “Kirstin has been a major force behi...

A large amount of research is required to determine which businesses are suitable Potential for a huge payday down the road due to changing consumer preferences Potential for a moral dilemma when a firm boasts both ethical and unethical business practices Functions identically to traditional investing No guidelines for a company’s ethics or sustainability report Akin to regular investing, there are two ways to go about this. Firstly, you can purchase a listed company’s stocks and shares. Fr...

Government should shut down underperforming funds immediately: Superannuation lobby Government should shut down underperforming funds immediately: Superannuation lobby Normal text size Advertisement Australias biggest superannuation lobby group has asked the federal government to impose tougher penalties on super funds failing to deliver strong investment returns and consider immediately shutting down underperformers. Industry Super Australias submission to the federal government over proposed ...

Hideki Yamagishi FWD Fuji Life Insurance (FWD Japan) has appointed Hideki Yamagishi as representative director, president and chief executive, effective January 12.  Norio Tomono will step down as CEO and become FWDs country manager for Japan while still acting as representative director. The country manager role is a newly created one, a company spokeswoman said. Yamagishi joins FWD from NFC Holdings, a Tokyo-based insurance brokerage, where he was most recently CEO for Japan. He will now rep...

Majority of super funds take a COVID-19 hit Share About two-thirds of superannuation funds made a loss over the 12 months to June 2020, according to the latest data from the prudential regulator, raising questions about the value of active funds management. Driven by the coronavirus-induced economic downturn in the later months of the year, more than 100 funds returned negative results in FY 2019-20, ranging from -0.01 per cent through to -58.5 per cent. The data from the Australian Prudential ...

Australian Model and Environmentalist Laura Wells Talks Ocean Conservation and Great Reef Census You can help protect the Great Barrier Reef for generations to come. Why Global Citizens Should Care The Great Barrier Reef is the same size as Italy, which makes monitoring the reef’s health extremely difficult. Warming seas and mass coral bleachings continue to threaten its health, but researchers only regularly monitor less than 10% of the reef, and much of the area has never before been survey...