Funds might tread carefully with their intra-fund strategies but work being done by policy makers and the funds themselves around retirement solutions will open new pathways for advice within superannuation.
It’s all well and good to say super is all about accumulation of funds for members during their working lives but according to AustralianSuper Chair Donald Russell funds also have a responsibility to provide advice.
Underperformance relative to the government’s proposed test could end up being a competitive advantage in the long run for funds like Rest which are now laser focused on outcomes relative to the listed eight-year benchmark, Vicki Doyle highlights in a wide-ranging interview.
Aware engaged consulting firm McKinsey to conduct a process which included discussions and comparisons with pension and sovereign funds around the world as part of constructing its five-year strategy which it delivered to its board in March.
APRA reporting requirements will only heighten the challenge for funds of understanding, mapping and tagging increasing amounts of data, and directing it towards various insights and reporting standards, experts have highlighted.
The data science that has been introduced into the due diligence process in the last year enables a large number of managers quickly and efficiently identify their investment skills in a way that that really wasn't possible say several years ago, according to Inalytics's Rick Di Mascio.