Australia’s rapidly expanding superannuation sector is shifting its investment strategy, with fresh data revealing a significant increase in offshore equity allocations.
AMP has denied reports that its new employment contracts grant the company the ability to conduct continuous video surveillance on staff, including when they work from home.
SQM Research has placed the private credit sector on watch amid growing concerns over governance and transparency issues, as well as recent regulatory scrutiny from ASIC and APRA.
The Albanese government has rolled out the next tranche of its advice reforms, setting rules for super-funded advice fees and allowing targeted prompts to boost member engagement.
Mine Super and TWUSUPER have announced the successful completion of the final stage of their merger, officially forming the new entity, Team Super.
Questioned about ROI calculations undertaken before attending the summit in the US, funds largely gave the same response – access to information about developments in the US is essential to acting in the best interests of members.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
Following a strong January, volatility has crept back into sharemarkets on the back of weaker US economic data and policy uncertainty, according to Chant West.
The $93 billion fund’s internal global equities team has made its first move on behalf of members, with plans to expand its allocation and expertise over time.
APRA chair John Lonsdale has rejected suggestions that the regulator is unfairly targeting superannuation funds, insisting its governance crackdown is part of a broader push across the financial sector.