06/28/2019

Sovereign wealth fund revokes exclusions

Rio Tinto was excluded from the fund's investable universe in 2008 based on an assessment of the risk of severe environmental damage related to the Grasberg mine in Indonesia

06/28/2019

Sunsuper slashes fees

"These changes further strengthen Sunsuper's position as one of the lowest cost superannuation funds in Australia."

06/28/2019

Industry funds up premiums

The significant event notice statement shows that on a weekly basis, the following charges will apply for death cover depending on members' occupational classification: standard (50 cents), white collar (36 cents) and professional (30 cents).

06/28/2019

Statewide Super cans merger plans

Any further merger opportunities will be reviewed on a case-by-case basis, with members' interests at the forefront, Statewide Super chief executive Tony D'Alessandro said.

06/27/2019

Pension giant awards $1bn in mandates

CalSTRS said the three firms are "are highly attuned to how sustainability-related trends, like the low carbon transition and resource efficiency, create investment risks and opportunities".

06/27/2019

China Top Trumps – China equities

This week FSA presents a quick comparison of two China equity products: the First State China Growth Fund and the UBS (Lux) Equity China Opportunity Fund.

06/26/2019

Tycoon Richard Li's FWD in talks to buy MetLife Hong Kong

China has been working to curb demand for Hong Kong insurance products, which are popular with mainland Chinese customers who see them as offshore investments which can help to safeguard their assets and hedge against yuan volatility.

06/26/2019

Group life premiums topple benefits paid: Research

Industry fund Rest, which recently appointed TAL as its group insurer after a 15-year relationship with AIA Australia, took in $3.4 billion worth of premiums and paid out $1.3 billion in benefits.