CFS joins list of super funds pledging against tobacco investments
Colonial First State has become a signatory to the United Nations-endorsed Tobacco-Free Finance Pledge, joining the likes of AMP Capital, First State Super and LGS Super.
CFS’ head of investments, Scott Tully, said the fund’s commitment to the pledge was another step taken to support global action on the issue and ensure that members’ funds were invested in ways that had long-term positive environmental and social impacts.
CFS has pledged to no longer hold investments or invest members’ funds in companies associated with the production of tobacco and expected to be fully divested from those positions by 2020.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.