Unintentional

Profile: Sunsuper trustee director Graham Heilbronn

Sunsuper is one of a few industry superannuation funds declaring itself unafraid of a liberalisation of the default awards system. Graham Heilbronn tells BRENDAN SWIFT why he is confident. Sunsuper director Graham Heilbronn doesn’t want to rail against other sectors of the superannuation industry like some of his colleagues. Instead, he’s more than willing – […]
CIO profiles

Profile: Anne Whittaker, CIO

Anne Whittaker joined the Australian Catholic Superannuation and Retirement Fund (CSRF) as chief investment officer in the momentous month of October 2008, just as the global financial crisis (GFC) was hitting full swing. “Everything went down and you couldn’t hide anywhere,” she recalls. The GFC ended up producing two years of negative returns for CSRF […]

At the helm – a profile of Tasplan chair Naomi Edwards

Size isn’t everything when it comes to delivering the best service to members, believes Naomi Edwards, chair of the $2.1 billion Tasplan fund. “We don’t accept that the sweet spot for super funds is over $10 billion,” she says. “We think that you can run super funds well for less than that if you’ve got […]
Unintentional

The unintended consequences of regulation

The latest round of legislation aimed at overhauling the system has been a challenging period for super funds which have been focused on launching low-cost default MySuper products, overhauling back office transactions through the SuperStream measures, while also improving governance and disclosure. Three-quarters of super fund chief executives recently surveyed by the Financial Services Council […]
Governance

Lally one of highest paid super executives

Former Sunsuper chief executive Tony Lally was paid more than $811,000 in remuneration in his final year at the fund. The $24-billion fund’s 2013 financial statements show him to be one of the industry’s highest paid executives. The average fund chief executive received a 5.7 per cent pay rise to $333,087 in 2012-13, according to […]
Investment Strategy

CareSuper gets defensive

CareSuper has awarded two $100-million mandates to GMO and Wellington in an effort to shift its absolute return portfolio to a more defensive position. The $7.7-billion fund has awarded just over $100 million to the GMO Multi-Strategy Trust and just under $100 million to the Wellington Global Total Return Fund in the past month, according […]