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 APRA performance test has just claimed its first MySuper casualty for the first time in three years, with Queensland-based BUSSQ failing the YFYS due to weak investment performance. With 85 per cent of its assets sitting in the default option, BUSSQ now has a year to turn things around or face consequences that go well beyond a stern letter to members.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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