Even before the period covered by the Australian regulators current greenwashing investigation of the $14 billion Australian super fund, it was flouting its own prohibition on gambling investments.
Tag : active super
As Active Super gets sued by the Australian Securities and Investments Commission, other super funds will feel pressure to beef up their processes and understanding of ESG to ensure they don't fail under regulatory scrutiny.
Active management of funds has proven useful at a time when Australian superannuation funds are expected to post negative returns.
Even funds that aced the regulator’s performance test are under pressure to merge with similar funds to tap economies of scale.
AIA Myanmar CEO joins Sun Life Vietnam; Active Super appoints Nathan Hagarty to the board; KIC head of real estate departs after two months in role; NPS loses infrastructure and real estate heads; QIC appoints chief executive; Eastspring adds two regional CEOs; Manulife IM makes China fixed income hires; Willis Towers Watson names head of Asia; and more
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The Australian fund, formerly known as Local Government Super, is drawn to share markets but does not plan add alternative assets because of liquidity constraints and fee pressures.
