Eyeing lucrative investment opportunities overseas, the $160 billion fund said its London office will be operational by year’s end and has highlighted the potential of a North American office in coming years.
A number of industry veterans have joined the London office of Australia’s largest superannuation fund, which currently has some $40 billion invested in the UK and Europe.
Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members.
Super funds have shared the areas where they believe the Australian Taxation Office could improve its efforts.
The State Street Global Investor Confidence Index has seen a muted rise in June with a rise of just 0.8 points as investors remain defensive.
Equip Super has announced the appointment of Anthony Angelucci, a former head of product and strategy at Mercer Super, to a similar role at the $30 billion fund.
The $14 billion industry fund has announced its MySuper portfolio is around 13 per cent ahead of the required trajectory to carbon neutrality by 2030.
The corporate regulator has taken civil action against an unlicensed director for offering clients at least 25 unregistered property investment opportunities either personally or through their SMSFs.
Two unions and the Australian Council on Trade Unions have been formally warned by ASIC that its member communication around three super funds need to avoid breaching financial advice laws.
UniSuper CIO, John Pearce, has delivered a cautionary tale after its Global Environmental Opportunities option returned 5 per cent in the financial year 2022–23, having previously delivered annual returns of 48 per cent.