Page 4 - Rest Super News Today

Five Australian organisations will have access to the program, including insurers

The multi-asset investment manager has expanded its investment solutions team, bringing on a former JANA consultant and Rest Super manager.

The $100 billion super fund’s decision comes amid a reckoning over inflated valuations of Australia’s commercial property sector and warnings from APRA.

Five Australian pension funds representing more than A$750 billion in savings have frozen contracts with PwC Australia, in reaction to the tax leaks scandal.

They are instead looking at global equities and unlisted assets for diversification and superior returns, fund CIOs say.

AustralianSuper, HESTA and Aware Super have all voted against the election of male directors to boards failing on gender equality and say they are seeing results.

Super funds are threatening strikes against male director appointments at 95 major companies, including Harvey Norman and Goodman Group, under a new ACSI policy.

Raphael Arndt told The Australian Financial Review Alpha Live conference that equity markets are showing a worrying lack of concern about economic headwinds and investors may want to “dial down” their exposure.

Australian First Nations communities have complained to 20 pension funds, urging them to divest from a Santos project which they claim would infringe their human rights.

Super funds will push the government to quickly regulate the sustainable finance sector at Treasurer Jim Chalmers latest ‘nation building’ roundtable on Friday.