While the best financial interests’ duty (BFID) has seen some super funds think twice about ESG,
reconciling ESG and responsible investment with best financial interests’ duty isn’t the hurdle some think.
While big super is all in on its newly-acquired nation building goals, a hint of caution about member outcomes pervaded last week’s AIST Superannuation Investment conference.
Nobody has a crystal ball, but you don’t need one to know that things could be more difficult from here on out. For some funds, it’s back to “investing 101.”
Some within the sector believe the super wars are over and that industry funds have emerged victorious. But they shouldn’t take their primacy, or the change in government, for granted.
Debby Blakey, the chief executive of HESTA, has joined the board of the International Corporate Governance Network, the overarching global body representing asset owners for the advancement of good governance. The prestigious appointment follows her other industry directorships at FEAL, ACSI and ASI. Hers was one of three appointments at ICGN announced last week (August…
Westpac has announced a new specialist businesses division and has appointed Jason Yetton as chief executive of the division. The specialist business division has been created to simplify the Australian and New Zealand banking businesses. This will include wealth platforms, superannuation and retirement products, investment, general and life insurance, auto finance and Westpac Pacific. Yetton…