Future Fund's head of environmental, social and governance (ESG) risk management, Gordon Hagart will take over at the Australian Council of Superannuation Investors (ACSI) following Ann Byrne's retirement at the end of October after five years in the role.
Hagart has led the ESG risk management program within Future Fund and has also worked with the United Nations environment program in Geneva playing a key role in the development of the Principles of Responsible Investment (PRI).
"Australia has a world-class pension system, and has become a centre of excellence in integrating ESG issues into investment decision-making and the exercise of ownership rights. ACSI and its members have been in the vanguard of those developments." Hagart said.
Advice licensee Centrepoint Alliance has entered an agreement to acquire the comprehensive financial advice book of the super fund’s subsidiary firm.
A coalition of industry groups including the SMSF Association is demanding the government and the opposition “immediately and unequivocally rule out any move to tax unrealised investment gains in any part of the tax system”.
AMP’s new chair has used his inaugural AGM address to call for policy reform on the “decumulation” phase of superannuation and position AMP as a key player in addressing the challenge.
Reserve Bank governor Michele Bullock has quashed hopes of an out-of-schedule rate cut, telling an event in Sydney that it remains too early to determine the trajectory of interest rates as the RBA grapples with growing global economic volatility.