PGI commits to responsible investment
Principal Global Investors has joined the ranks of companies that have signed the United Nations-backed Principles of Responsible Investment.
The chief executive of Principal Global Investors Australia, Grant Forster, said the decision to sign up to the principles was in line with the asset manager’s investment strategy and culture.
Signatories commit to six aspirational Principles of Responsible Investment related to environmental, social and corporate governance.
“As a leader in the global asset management industry, we believe appropriate consideration of these issues is part of delivering superior risk-adjusted returns,” said Forster. “We are committed to acting in the best long-term interests of our clients and will apply the Principles where consistent with our fiduciary responsibilities and in alignment with our investors’ expectations.”
Recommended for you
Insignia Financial has returned to profit in FY25, after a $185 million loss in the previous year, while its advice division grew their revenue per adviser by 14 per cent.
With licensee switching on the rise, particularly for newer advisers, compliance expert Sean Graham has shared red flags to watch out for when making the jump between AFSLs.
Beyond their investment benefits, over a third of advisers say utilising managed accounts solutions has allowed them to take on more clients, according to Praemium.
Insignia Financial’s wrap platform has appointed Heidi Press, former HUB24 head of product management, to spearhead the design and delivery of the MLC Expand platform.
