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
With the super industry facing into headwinds that raise the floor on minimum scale and increase complexity, the pressure towards further consolidation should ultimately prove unstoppable, and a natural end-point could be ten mega-funds over $200 billion in size managing more than 90 per cent of system assets. The path to that destination, however, could be bumpy.
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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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