Policy and Regulation

Super’s purpose still ill-defined

Treasurer Frydenberg has delayed outlining the government's intensions relating to the superannuation system by not defining its purpose during his budget speech and papers on Tuesday night.
Leadership

Leading from 35,000 feet – treat your board as your best advisers: Alan Joyce

Qantas CEO Alan Joyce stressed the key to leading during times of crisis is seeing the big picture and tapping the experience of your own top table.
Louise Davidson ACSI CEO (Photo: Matt Fatches)
Fund Governance

ACSI singled out in Fed proxy advice crackdown: Louise Davidson

The six-plus page Treasury consultation paper is clearly aimed at ACSI which is the only proxy organisation that is a membership organisation whose members are super funds, Davidson highlights.
Industry

IOOF Vanguard index mandate goes to Invesco

Twenty-three billion dollars previously managed by Vanguard on behalf of IOOF spread across 14 index strategies has landed with Invesco.
Investment Strategy

Learn from the data and don’t fear change

Signals and noise can dominate the minds of investors but relying on the uncompromising clarity of statistics may provide a complex but effective path according to Fort L.P.'s Alan Marantz.
Investment Strategy
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Investment Strategy

Climate change – expect an increase in catastrophes and insured losses

Pricing risk in highly insured zones will benefit emerging markets, says Twelve Capital’s Urs Ramseier.
Investment Strategy

Beware highly leveraged and less-liquid strategies

Troubled times expose the vulnerability of managers without contingency funds which may prevent them from pulling different levers during a crisis and staying on top.
Investment Strategy

Enterprise software companies set to boom in APAC: Vista’s Robert Smith

Not only have many such companies survived the COVID-19 pandemic the increased use of technology has accelerated their gains.
Policy and regulations
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Policy and Regulation

YFYS performance test tweaks to enhance accuracy, transparency

The inclusion of administration fees and benchmarks for unlisted infrastructure and property investments headline amendments to the Your Future, Your Super draft regulation. While flaws remain in the design, most believe the performance test has been significantly upgraded.
Policy and Regulation

YFYS performance test: Implications for ESG

Strategies that have a lower alignment to the performance test benchmarks could become high risk for trustees as they could lead to failure of the test, over certain periods, despite longer-term outperformance, Mercer's Barlow points out.
Policy and Regulation

How funds foot penalties and remediation still not clear

Even in cases where remediation programs have begun or actions have been taken and where remediation is possible, regulators and government remain unclear about how trustees can direct funds to pay without impacting member balances, a House or Reps committee has heard.
Governance
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Governance

Funds are deep in listed benchmark comparison analysis: Frontier

Funds well ahead of the listed benchmark will have the luxury of continuing to focus on their CPI-plus or peer performance expectations and not be too concerned about the YFYS test in the near term, Frontier's Paul Newfield notes.
Governance

Holistic equities approach needed for climate change action

Australia’s $2.9 trillion of superannuation assets are becoming an increasingly powerful force for action on climate change, but experts are calling for a more holistic approach to equities that covers the entire value chain.
Governance

Funds are holding 100s of millions in excess reserves: Analysis

Some of the country’s largest funds have in some cases accrued more than nine-times the operational risk financial reserve requirement set by APRA with a handful of large funds bulking up their general reserves.
Leadership
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Leadership

It’s time to do things differently in retirement policy

After six-years in retirement income helping super funds and policymakers with their positioning, strategy and product in all things decumulation, Amara Haqqani is shifting her focus elsewhere, but not before delivering some home truths to the segment.
Leadership

UniSuper’s O’Sullivan on his legacy and life after stapling

UniSuper's biggest challenges might well land on the shoulders of O'Sullivan's successor in light of the hit the fund will take to cashflows if so called 'stapling' proposals are passed.
Insurance
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Insurance

‘Some merit’ in group insurance review: Hume

The minister expressed support for the productivity commission’s 2018 call for an independent inquiry into the “increasingly unviable” group insurance industry, while her counterpart Stephen Jones put the onus on the industry itself to demonstrate its value.
Insurance

Screws tighten on trustees to justify rising insurance premiums

The recently announced duty to act in members’ best financial interests increases the likelihood that trustees will come under pressure to justify rising insurance premiums, particularly in respect of MySuper members who hold default coverage.
Insurance

AIA Australia’s Mu voices support for stapling reforms

It’s time to take the opportunity to think differently about insurance in superannuation, AIA Australia chief executive Damien Mu has said.
Retirement
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Retirement

Simplicity and confidence key to retirement puzzle: Challenger

Finding better retirement solutions will require more than just ‘age and balance’ metrics, but the industry will need to keep things simple to retain members’ faith and their confidence to spend, according to Challenger’s Aaron Minney.
ArticleRetirement

Moral outrage at super system ‘justified’: Daley

The former Grattan Institute CEO isn’t pulling any punches in his assessment of the “sharp knife” that is our super system. The “20 to 30” billion dollars it costs to run our retirement savings each year may be terrific for people working in the industry, he says, but not for the rest of the country.
Retirement

Pension Loan Scheme provides a comfortable retirement

Most Australians believe they are ineligible but changes to a Government loan scheme may augment retirement income for many, says Rice Warner chief Andrew Boal.

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