Equipsuper has joined the Australian Council of Superannuation Investors (ACSI), bringing its number of members to 39.
Equip chief executive, Nicholas Vamvakis, said that the membership would provide the funds with broader information and perspectives on investment sustainability.
“We are impressed that ACSI has also shown consistent leadership in active engagement with companies to advocate for sustainable governance and management practices that will benefit fund members,” he said.
ACSI chief executive, Louise Davidson, welcomed Equipsuper’s move, saying that the Council’s growth would improve its ability to achieve improvements in environmental, social and governance practices as collective action had proven to be “extremely effective” at holding companies to account.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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