Rising pressure on underperforming funds could see only a handful remaining in the near future, as the trend of consolidation gathers pace, experts say.
Fiona Reynolds
Fiona Reynolds, CEO of the Principles for Responsible Investment, is leaving in January to become CEO of Conexus Financial, Australia s largest independent financial media organization.
Her new mandate with Conexus Financial will involve guiding the Australian investment industry to global best practice in sustainability, governance, retirement income policy and financial advice.
Ms. Reynolds has led PRI for nine years at a critical period of growth for sustainable investment. Under her leadership, the U.N.-supported network of investors has grown to more than 4,000 signatories with a collective $121 trillion in assets under management.
Now based in London, Ms. Reynolds will relocate to Sydney.
Fiona Reynolds joins Conexus as CEO | Professional Planner professionalplanner.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionalplanner.com.au Daily Mail and Mail on Sunday newspapers.
The government’s plans to push superannuation funds and schemes to offer retirement income solutions could spawn intra-fund strategies that test the existing boundaries of advice and guidance, an industry discussion has revealed.
A group of superannuation funds within the country’s largest by assets raised the possibility that proper retirement solutions fit uncomfortably with the existing advice and guidance frameworks at
Professional Planner’s parent Conexus Financial’s recent Retirement Conference.
Funds currently take a conservative approach to the provision of intra fund advice because what constitutes financial advice is not clearly defined, but the work being done by policy makers and the funds themselves to clear the way for the government’s Retirement Income Covenant will likely open new pathways for advice within super, the conference delegates heard.
Church of Sweden manages concentration risk top1000funds.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from top1000funds.com Daily Mail and Mail on Sunday newspapers.