Following the completion of a review of its investment management, NZ Super has decided to terminate its internally managed fundamental active equities mandate for New Zealand equities, while welcoming a new portfolio manager for alternative investments.

MLC Expand's new private equity owner is helping the platform leverage its US network to fast-track its AI capabilities, chief executive Liz McCarthy said.

Australian Ethical has increased fees across most of its superannuation investment options shortly after decreasing them earlier in the year.

AustralianSuper has become the first Australian superannuation fund to receive an AAA long-term issuer rating from Moody's. It has assigned a stable outlook to the rating.