Despite the dizzying technological innovations in China and the investment opportunities that come with them, Team Super chief investment officer Seamus Collins says some risks, including weaker investor protection, make him hesitant to allocate large chunks of the portfolio to the world’s second-largest economy.
The government’s proposal to allow APRA-regulated super funds and life insurers to field a “new class of adviser” providing limited advice to members effectively “ordains” super funds as the entity that will help 2.5 million Australians into retirement over the next decade. But with great power comes great responsibility.
Welcome to On Background, a new series from Investment Magazine where our experienced team of journalists take you behind the news and dig into the context behind the biggest stories shaping Australia’s asset owner landscape.
In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.
Team Super chief investment officer Seamus Collins believes investors are shaped as much by what went wrong as by what went right – and that asset managers and asset owners alike can carry those scars. Speaking to Lachlan Maddock for the second season of the Investment Magazine CIO Series, Collins described how investors anchor on … Read more
Phase 1 of Retirement Income Strategy development, whereby funds aim to deliver retirement solutions and guidance regarding the member’s interest in the fund, is now well underway, but effective delivery is needed before Phase 2, under which super funds play an expanded role in their members’ retirement, can be considered.
Aware Super says the endgame of defined benefits de-risking is not necessarily for trustees to remove itself from the responsibility of administering the scheme, but to keep the options open for future mergers and servicing the increasing cohort of retirees. In a Challenger conference on Tuesday the fund unpacked its recent pension liabilities buy-in.
MUFG’s slated acquisition of Grow Inc. is a deal that makes perfect sense for pretty much everybody involved and may ultimately improve member outcomes. But it also highlights how hostile the superannuation system has become to innovation.
Brighter Super and the JANA are among four Australian institutional investors that have committed a combined $705 million to a dedicated Australian portfolio investing in European middle-market lending.
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.
MUFG has struck a binding deal to acquire Grow Inc, the upstart administrator that has spent the past three years peeling clients away from it. The deal marks a sharp turn in a rivalry that has defined the administration market’s recent history.
Welcome to On Background, a new series from Investment Magazine where our experienced team of journalists take you behind the news and dig into the context behind the biggest stories shaping Australia’s asset owner landscape.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
