The investment will bring Rest closer to its target of achieving a 1 per cent allocation to impact investments across its total portfolio by 2026.
The Manildra Flour Mills Retirement Fund has announced it will be terminated on 30 June 2024.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
More than two decades since Australian super funds first ventured into infrastructure, an investment services firm owned by industry funds says that the asset class is slowly breaking free of its “alternatives” identity.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
Financial stability continues to be closely linked to the contentment of older Australians, according to new data from Challenger.
There is growing support from the Senate crossbench for the government to rethink its plans to tax unrealised gains in the proposed $3 million super tax.
The $27 billion fund has named a successor for long-term board member David Smith, who is set to step down after more than a decade.
The Crown entity that manages NZ Super is welcoming its first externally appointed chief executive since 2007.
Sam Mostyn, chair of the $160 billion fund, is set to be the country’s 28th Governor-General and the second woman to hold the position.