ESG Aus and NZ Update

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  • BHP shareholders demand pause on mining activities at cultural sites, announces exit from thermal coal

  • More AMP workers come forward with harassment claims

  • Cbus Climate Road Map - targets to 2030

  • Adani evicted from Wangan and Jagalingou country

  • HESTA releases a statement to companies, Working with Indigenous Communities

  • First State Super announces ‘aggressive’ climate action plan

  • Government funding large-scale renewable-based hydrogen projects

  • Suncorp exiting oil and gas industry

  • BNP Paribas launches new green index for institutional investors

  • Solar undercutting coal, may result in early closure of coal power plants

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Fund People Update

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  • FEAL appoints board member

  • Schroders appoints private debt head

  • Future Super appoints investments committee executive chair, governance head

  • Maple-Brown Abbott appoints first-ever risk chief, head of finance and PR

  • Westpac welcomes director of global investment services in NSW

  • Cbus appoints head of service, member and employer experience

  • First State Super loses deputy CEO

  • AMP Capital CEO and executives depart

  • Christian Super CIO resigns

  • IMAP managed account awards 2020 finalists announced

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Fund Company Update

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  • First Nations Foundation launches information site

  • Franklin Templeton finalises Legg Mason acquisition

  • Powerwrap and Praemium to merge

  • First State Super and WA Super merger

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Fund Regulatory Update

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Three advisers and an unlicensed SMSF scheme in court- The Federal Court has wound up an unlicensed scheme, MyWealth Manager, that was recommending investors put money into a self-managed superannuation fund (SMSF).

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ESG Research Update

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Sustainable open-ended funds doing very well in Q2 2020 - The most recent Global Sustainable Fund Flows report by Morningstar looked at almost 3,500 sustainable open-ended funds and exchange-traded funds (ETFs) globally for Q2 2020 noted that sustainable funds did much better after the March market sell-offs.

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ESG Global Update

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UK pension fund modifying trust drastically - The United Kingdom’s National Employment Savings Trust (NEST) is moving almost half of its portfolio to climate-aware strategies, which involves the divestment of companies involved in thermal coal, oil sands and arctic drilling.

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ESG Global Update

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  • ISS ESG included in Environmental Finance’s 2020 Data Guide

  • JP Morgan launches integrated ESG policy statement for global business

  • ISS ESG: In Wild 2020, Fund Investors Find Virtue in ESG Factors

  • World Economic Forum: 395m new jobs by 2030 if business priorities nature

  • UNSW study: transitioning to renewable energy will not harm global economy

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Fund People Update

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  • HESTA welcomes first head of portfolio design

  • JBWere to add 50 new bankers and financial advisers

  • First State Super poaches Hostplus executive manager

  • Australian Unity executive shuffle

  • Equity Trustees appoints independent director

  • Rest appoints CIO

  • Ian Perkins passes away

  • SMSF Association loses head of technical

  • IFM Investors loses equities co-head

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Fund People as at 2 March 2020

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Fund People as at 2 March 2020

  • WTW announces leadership appointments

  • IOOF restructures leadership team

  • Challenger appoints co-general managers

  • FTSE Russell announces head of sustainable investment, Asia Pacific

  • First State Super appoints chief risk officer

  • Tribeca portfolio manager resigns

  • LGIAsuper loses long-serving executive

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Fund Product, Company and Regulatory Updates as at 30 July 2019

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Fund Product, Company and Regulatory Updates as at 30 July 2019

  • Russell Investments enters managed accounts space

  • HUB24 announces multi-currency functionality for IMs

  • Pinnacle IM set to launch zero(ish)-fee ETF

  • BetaShares launches FTSE 100 ETF

  • Cooper Investors launches equities fund

  • LGIAsuper switches out WTW for JANA as asset consultant

  • First State Super and VicSuper planning merger

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Fund Product, Company and Regulatory Updates as at 23 April 2019

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  • Vanguard launches ETF

  • CareSuper reduces administration fees with admin switch

  • Colonial First State drops fees across super and investments

  • First State Super brings advice in-house

  • One-stop-shop SMSF platform for accountants and planners launches

  • IOOF class action filed after Royal Commission evidence

  • CitiGroup to refund over $3m after sale of complex products

  • Super bills on hold

  • New legislation removes incentives for employers to choose super funds

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