Governance

Governance

Stretched investment committees ‘doing too much’

Pressure on investment committees has increased exponentially during the pandemic as the ‘realms of the investable have completely shifted’. Willis Towers Watson consultant Rebecca Bannon believes proper instruction, delegation, and efficiency are required to keep them ticking.

Tahn SharpeSeptember 9, 2020

Governance

APRA needs its own regulatory sandbox

APRA could consider encouraging and facilitating more innovation from the funds directly and from service providers in the ecosystem, Tahn Sharpe writes.

Tahn SharpeSeptember 2, 2020

Governance

IOOF positions itself in ‘mega fund’ pack with MLC deal

IOOF's deal to acquire MLC from National Australia Bank will catapult the diversified financial services group into the second-largest superannuation fund spot in the country by member assets and the largest based on platform funds under advice.

Matthew SmithAugust 31, 2020

Policy and Regulation

Superannuation law: A matter of interpretation

It is no longer solely the domain of lawyers and judges to interpret the regulatory obligations placed on superannuation funds. It is an increasingly important skill for senior executives, risk, compliance, and even project and IT professionals.

Jonathan SteffanoniAugust 31, 2020

Governance

Collaboration needed to up sustainability ante

Investors need to collaborate for systemic change, a discussion involving asset owners and sustainability experts has highlighted. Investors need to work with government, enshrine beliefs and educate beneficiaries on the importance of sustainability.

Sarah RundellAugust 26, 2020

Fund Governance

ASIC off script with StatePlus action

ASIC's latest action against StatePlus shows the regulator is willing to go after not for profit funds despite the impost civil proceedings and remediation programs could have on member outcomes.

Matthew SmithAugust 24, 2020

Governance

Peer group risk: The industry’s worst kept secret

Some funds are open and acknowledge their peer group focus, espousing that industry awards and new members are won through a competitive process and performance relative to peers needs to be actively managed. For other super funds, peer group risk management is undertaken behind closed doors, David Bell writes.

David BellAugust 19, 2020

Governance

Super funds must anticipate the pandemic’s mental and chronic health side effects

Insurers and super funds say the Covid-19 pandemic will have physical, mental and financial impacts on Australians once the second wave subsides.

Meredith BoothAugust 18, 2020

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