Paula Steed has been appointed acting chief executive of The Guardians of NZ Superannuation, the Crown entity that manages the $65 billion New Zealand.
Jeremy Hunt picked a fight he knew he’d lose. The Chancellor was on stage at last week’s Global Investment Summit in London with Deanne Stewart, the boss of one of Australia’s biggest pension funds, when he began boasting about Britain’s sporting prowess.
Vanguard Australia will look to buy or merge with domestic pension funds, in an effort to grow its retirement product as much as fifty-fold, Managing Director Daniel Shrimski said on Wednesday, in a market worth almost $2.3 trillion. Launched last November, the Vanguard Australia pension product has grown to roughly A$900 million ($597 million) in assets and Shrimski said mergers were part of the plan to become a mid-sized player within five to seven years. In Australia, that typically means between A$10 billion to A$50 billion under management.
A $1.2 billion fund for regional infrastructure, scrapping plans on allowing foreign buyers back into the housing market, allowing work that could lead to a.