20 March 2012 19:06
Asset owners don’t have the confidence to impose their views on advisors, said trustee of the £32 billion Universities Superannuation Scheme, Howard Jacobs in a heated plenary with general secretary of the International Trade Union Confederation, Sharan Burrow, and PRI chair, Wolfgang Engshuber.
Click here to read the round-up of Day One of the 2012 CMSF Conference
The nation’s two largest super funds are at odds over potential changes to the performance test, with AustralianSuper saying it supports further developments to the CPI + X benchmark that could be used to evaluate “emerging assets” after Australian Retirement Trust rejected the model due to its potential to increase systemic risk.
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