TIAA's Nuveen will acquire UK fund manager Schroders for $20 billion (£9.9bn) to create a $3.5 trillion (US$2.5tn) powerhouse.

The Fire and Emergency Services Superannuation Fund (FES Super) has reworked its default option as it looks to ensure performance test success.

The changes are coming into effect on April 1 and will see a member with $50,000 charged $388 in total fees per year.

GQG Partners has released its FY25 performance, showing persistent outflows. Despite this, the investment performance pushed FUM higher.

Vanguard global chief economist Joe Davis said if investors want to win big on artificial intelligence, the Magnificent Seven is not the way to go.

APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing.

Treasury is welcoming industry feedback on the labelling of sustainable financial products, with a particular focus on retail offerings.

UniSuper strengthens its investment team with five hires spanning equities, asset allocation and portfolio implementation ...

Scott Baker joins the multi-boutique asset management firm to support growth and deepen relationships with fund manager ...

JBWere has lost a high-profile leader from its executive team, with Andrew Bird resigning after almost a decade with the firm.

The hire breaks new ground. It's the first time in over 30 years that either firm has poached a consultant from the other.

Australia's two largest super funds have seen high-profile governance and investment risk professionals leaving for new roles.