Industry

AustralianSuper calls out retail fund dividend payments

The government's proposed treatment of dividend payments by retail funds as "out of scope of the best-financial interests test" doesn't reflect the policy intent of the measure or members’ best financial interests in any sense, an AustralianSuper policy submission has noted.
Opinion

How the performance test could be tougher

The proposed performance benchmark understates performance when it comes to adjustments for withholding tax and benchmarking credit exposure with traditional fixed income indices, meaning that relative performance is overstated, David Bell writes.
CIO profiles

Climate top of mind for superannuants in 2021: Macri

The stage is set for a greater focus on climate this year, particularly in light of the election of US President Joe Biden and the control of the US Senate falling with the Democratic party, Australian Ethical's David Macri says.
Statewide Super CIO Con Michalakis (Photo: Matthew Fatches)
Investment Strategy

Statewide’s Michalakis on staying ahead of the performance test

Having strong performance relative to the listed benchmark portfolio will be important for funds as the government’s new test begins, Con Michalakis says.
Governance

Visibility risk: Brand and marketing oversight to bite

Funds will need to think carefully about marketing and branding activities in light of the government's proposed best financial interest amendments which bans the use of member money for branding while adding oversight to marketing spending.
Investment Strategy
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Investment Strategy

Myer Foundation ESG portfolio alignment 90pc complete

The Myer retail-turned-philanthropy family is actively choosing environmental, social and good governance investments to drive its performance, a process it began two years ago, Martyn Myer explains.
Investment Strategy

Dutch pension giant APG’s view on accelerated change

APG’s CIO Peter Branner explains how the pandemic has accelerated key trends already underway around digitisation, central bank policy and action to combat climate change. It all points to fierce competition for private assets .
Investment Strategy

Next level monetary policy to permeate everything in 2021: Bridgewater

Central Banks have move to a policy regime where fiscal stimulus is an even bigger lever with short-term interest rates in the US likely to will remain on hold at least through to 2023, Bridgewater's Rebecca Patterson has said.
Policy and regulations
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Policy and Regulation

Industry fund trustees to mull balance sheet creation

Whether new look profit-for-member trustees with balance sheets and new insurance arrangements leads to these funds attracting the same attention for civil penalties and remediation as for-profit funds remains to be seen.
Policy and Regulation

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.
Policy and Regulation

David Atkin implores industry to front-foot transparency demands

After 12 years at Cbus, former CEO David Atkin is focussed on nudging the business world away from short-termism towards the wholistic, long-term investment timeframes of superannuation funds.
Governance
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Governance

UNSW Sandbox Program highlights challenges of providing quality, scalable guidance

UNSW students have highlighted the tension between tailoring information to be more relevant with the desire for such information to be accessible at a low cost as part of a 'sandbox challenge' that has yielded some illuminating results.
Governance

Sustainability, governance and financial performance get in lockstep

FTSE Russell's Helena Fung talks about how climate change and pandemic factors have brought ESG investments into the spotlight this year in an extended interview.
Governance

No time to rest after climate risk test

The settlement of a recent case brought by a member of Rest Super Fund against the trustee is an important reminder of the importance for long term fiduciary investors to pay attention to climate and other ESG related risks to investments.
Leadership
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Leadership

Chasing scale at Cbus a priority for new CEO

Former Blackrock and Victorian Funds Management Corporation executive Justin Arter says he wants Cbus to sit among the largest funds in Australia.
Leadership

Top podcast interviews from 2020

In its first year, Investment Magazine's Market Narratives podcast series have traversed some of the most pressing issues facing heads of investment teams, asset class specialists, influential consultants and those at the helm of the country's largest superannuation schemes.
Leadership

Top event moments in 2020

Investment Magazine's top ten event moments in 2020, ranked according to the number of views, reflect a year where change, adaption and resilience were common threads of every conversation.
Insurance
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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.
Insurance

Micro reforms have created confusion: expert panel

Three super and insurance industry experts say the “brave new world” of super - post budget, productivity and royal commissions - has resulted in some residual confusion.
Insurance

Experts see a hybrid future for city and home-office workers

The pandemic is expected to leave permanent change in office styles and locations as many employers keep some aspects of home office work established during the pandemic, a Group Insurance Summit panel says.
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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February 5, 2021

Redefining Leadership – Jon Owen

We are delighted to be partnering with MLC Wealth for the Redefining Leadership Series where we talk with some of the finest minds in society on questions of geopolitics, medicine, AI, fiduciary investing and mental health to explore the leadership qualities required to offer us all future confidence as global citizens.
February 18, 2021

Exploring Big Ideas – David Knox

We believe idea generation should be celebrated. One way to do this is through acknowledging and exploring concepts and innovation. From this mantra, our big ideas series was created.

In this episode we talk with David Knox, senior partner, Mercer.