Hedge Funds

Ridout: not enough infrastructure projects

It’s a shortage of projects, not capital, that’s impairing Australian infrastructure, according to AustralianSuper chair Heather Ridout. Speaking at the Australian Centre for Financial Studies’ Funding Australia’s Future Forum, she said industry superannuation funds are best placed to invest in Australia’s infrastructure. “Industry funds are ideal vehicles because we have a relatively more passive investor […]
Administration

Harwood seeks successor fund

Harwood Superannuation Fund has made an in-principle decision to transfer its $1.4-billion fund into another under successor-fund provisions. The fund is the default for Australian employees of CSR Limited, Holcim (Australia) and Wilmar Sugar. The decision to transfer the fund’s accumulation-based benefits was made following discussions with the employer members, which are no longer related […]
Hedge Funds

Some questions for Russell Mason

Mason, a partner in superannuation at Deloitte, began his career as a solicitor, but his consultancy work in superannuation has spanned decades, with experience at Prudential and 24 years at Mercer. He spoke to AMAL AWAD about super and why he loves consulting. How did you land in superannuation consulting? Pure chance. I trained to be a solicitor […]
Investment Strategy

Lally looks back at Sunsuper

Tony Lally has resigned from his position as chief executive of Sunsuper, citing the desire to pursue non-executive director roles following six years at the helm. He told Investment Magazine that he achieved everything he’d set out to. “When I joined it was very much a run-of-the-mill industry fund, but the work I’ve done over […]
Unintentional

Engagement: how funds connect to members

When Sunsuper recently ran a series of focus groups, the questions they asked members were a touch left of field. One question asked what they would prefer – a visit to the dentist or doing their super. Not surprisingly, the results showed Australians could be better “engaged”, given 16 per cent preferred giving up television […]
Insurance

More mental health advice required

Six insurers have re-signed deals with a charity that aims to improve the wellbeing of Australian employees, as the cost of mental health insurance claims soars. Insurers AIA, TAL, Hanover Life RE, CommInsure, MLC and Beazley Group have signed three-year deals with SuperFriend, while MetLife has signed up for the first time. The deals come […]
Custody

A new playing field in custody

Citi has been in the custodian market since the mid-1980s, but it’s only in the last five years or so that it has broadened its offering to include a full range of fund administration services. According to Martin Carpenter, managing director, securities and funds services, this gives them more reasons to interact with superannuation funds. […]
Hedge Funds

LGS increases Aussie equities risk

Local Government Super (LGS) has converted a passive mandate to an enhanced passive mandate with State Street in a move to increase its active risk. The fund has awarded the manager a $780 million active Australian equities mandate. Chief investment officer Craig Turnbull told IM online the fund is giving State Street “more scope” on […]
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