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CGT, negative gearing reforms reflect Australian values

CGT, negative gearing reforms reflect Australian values

Labor has built a generational political brand, and one that endures in the face of some major challenges here and abroad, Conexus Financial founder and managing director Colin Tate told the 50th ALP National Conference in Adelaide. But it must push back against extreme demands on AI and technology if it is to boost productivity and seize a huge economic growth opportunity.

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Govt to include insurance rules in mandatory super member standards

Govt to include insurance rules in mandatory super member standards

The government will have specific member service standards for insurance as a part of its broader reform package for superannuation funds, though the regulatory response to Shield and First Guardian will take priority with changes due to be announced next month.

Insurers say super collaboration is key as surging claims test market sustainability

Insurers say super collaboration is key as surging claims test market sustainability

Leading insurers have reiterated their commitment to the Australian market despite rising claims rate, citing collaboration with super funds to attain better insurance coverage among members as a key part of making the industry more “sustainable”, on a high-profile panel at the Investment Magazine Insurance in Super Summit.

Insurers pay out $6b through super but awareness gap persists: CALI

Insurers pay out $6b through super but awareness gap persists: CALI

New research from the Council of Australian Life Insurers, released ahead of the Investment Magazine Insurance in Super Summit, shows that life insurers paid out almost $6 billion across roughly 54,000 claims through group superannuation policies in the past 12 months – but that most Australians still don’t understand the cover they hold.

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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
Lack of courage – not clarity – hinders retirement regulation 

Lack of courage – not clarity – hinders retirement regulation 

The Retirement Income Covenant’s radically principles-based approach has confounded the very leaders and lobbyists who warned against prescription. More than three years after its commencement, a demonstrable lack of progress is costing the first generation of Australians who should be enjoying the fruits of a world-class system. If poorly drafted prescriptive law follows, industry leaders will have only themselves to blame.

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.

Industry and regulation
YFYS performance test has done its dash

YFYS performance test has done its dash

The Coalition’s Your Future Your Super reforms, especially the contentious performance test, deserve credit for weeding out poor-performing funds and helping instil a more cost-conscious culture in super. But the test has largely accomplished its mission and its continuation undermines the system’s global competitiveness.

Investments
Robeco CIO says AI winners and losers will be decided within a year

Robeco CIO says AI winners and losers will be decided within a year

Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.

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.