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The flaw in SCA’s super ‘mystery shopper’ study

The flaw in SCA’s super ‘mystery shopper’ study

With the superannuation industry already beset by negative headlines about member services, the last thing it needed was a Super Consumers Australia “mystery shopper” study into the quality of customer service provided by 20 super fund call centres. But aspects of it demand closer scrutiny.

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TCorp CIO to retire after decade building out total portfolio approach

TCorp CIO to retire after decade building out total portfolio approach

NSW Treasury Corporation chief investment officer Stewart Brentnall will retire from full-time employment within the next 12 months, ending a tenure of almost a decade in which he built and embedded the total portfolio approach across the roughly $125 billion the fund manages on behalf of the NSW Government.

Why UniSuper’s John Pearce thinks the data centre party is winding down 

Why UniSuper’s John Pearce thinks the data centre party is winding down 

The demand for AI driving data centre construction might be “insatiable”, but the chief investment officer of the $166 billion UniSuper thinks that investors could be taking on technology debt and misreading the regulatory tea leaves as they rush to buy digital infrastructure.

Rest bets on onshoring with Moorabbin Airport stake

Rest bets on onshoring with Moorabbin Airport stake

Rest has acquired a one-third stake in Melbourne’s Moorabbin Airport, extending the $112 billion profit-to-member fund’s push into Australian industrial property.

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Leadership
ESSSuper revives private equity program

ESSSuper revives private equity program

ESSSuper, the Victorian state fund with $12 billion in accumulation assets, has rebooted the private equity program it wound up over a decade ago in a bid to boost returns, with chief investment officer Daniel Selioutine telling Investment Magazine that exit pressures in the asset class mean it’s a good time to buy.

Profiles
GESB CEO calls time: ‘Past regime of default super’ no longer sustainable

GESB CEO calls time: ‘Past regime of default super’ no longer sustainable

GESB chief executive Ben Palmer is set to leave the Western Australian government super fund, ending a 13-year tenure after steering the fund through the most significant change in its history. In a rare interview, Palmer examines the past, present and future of super and explains why GESB is treating platforms, not profit-to-member funds, as its benchmark.

Why HESTA’s ‘joined-up thinking’ is one of its CIO’s favourite things

Why HESTA’s ‘joined-up thinking’ is one of its CIO’s favourite things

Sonya Sawtell-Rickson joined HESTA as the health industry workers’ super fund was taking steps towards investment internalisation and a total portfolio approach. She says the moves have been vindicated not only by member returns but in the “joined-up” conversations the now-$96 billion fund has with the companies it invests in.

Member engagement
Retail, small funds pull ahead on member retirement satisfaction

Retail, small funds pull ahead on member retirement satisfaction

The CoreData/Conexus Financial Best Possible Retirement research reveals a gap in member satisfaction between small funds and large funds, and between industry funds and retail funds. But the message for all funds is clear: members want and need more support not only as they move into retirement, but also after they’re in it.

Governance
HESTA seeks answers over ‘deeply concerning’ Richard White allegations

HESTA seeks answers over ‘deeply concerning’ Richard White allegations

HESTA wants answers from WiseTech on how it will manage the role of executive chair Richard White after reports emerged that the Australian Federal Police are investigating him over human trafficking and visa fraud allegations.

Shield, First Guardian reforms must not become a covert operation to restrict competition

Shield, First Guardian reforms must not become a covert operation to restrict competition

There is broad consensus in industry and Canberra that the collapses of the Shield and First Guardian master funds – and failures that led to them – demand a regulatory response. But getting that response wrong could create an uneven playing field in the industry and some counterproductive consumer outcomes.

Investments
Mercer Super expands into frontier market debt, builds out PE program

Mercer Super expands into frontier market debt, builds out PE program

The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.

Blue skies and lawsuits power MLC Super returns higher

Blue skies and lawsuits power MLC Super returns higher

Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.