Super funds are deviating from their original mission as “guardians of pension” and are starting to look and sound worryingly like asset managers, according to industry veteran and former Lazard Australia CEO Rob Prugue. As Australia’s retirement savings pool continues to balloon, he asked whether the sector’s immense scale has created a moral hazard.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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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