With growing numbers of members transitioning from accumulation to decumulation, the demands on super fund investment teams are likely also to shift substantially. The objectives of retirement are so different that separate investment portfolios and managers may be required. Aware Super and TelstraSuper shared their approach with the Fidicuary Investors Symposium.
To accommodate implementation of changes announced for the adviser exam last week, ASIC has announced the date of the first 2024 adviser exam will be 24 March.
Industry funds Mine Super and TWUSUPER are on track to complete their merger by mid 2024, announcing that the new entity will be named Team Super.
Australian Unity has appointed Kirstin Follows as executive general manager of trustees, who has been acting in the role since July this year.
Super fund administration service provider Link Group has received a $1.2 billion takeover bid from a subsidiary of Japanese giant, Mitsubishi UFJ Financial Group.
Zurich Financial Services Australia has renewed its 12-month support for Australian mental health charity Mr Perfect.
After decades of being restricted on what financial advice they can give, the country’s super funds are on the verge of a new regime that harnesses behavioural economics and allows them to more easily “nudge” members towards key decisions, after the government finally announced its full response to the Quality of Advice Review.
In an era of an often-brutal focus on costs and efficiency, institutional asset owners can’t afford to be overstaffed or unproductive. But working out the optimum size and structure of an investment team isn’t simple, and it’s made even more complicated when a merger comes along.
The Fund Executives Association (FEAL) has appointed Australian Retirement Trust’s CIO Ian Patrick to its board of directors, replacing Hostplus’ recently departed group executive of member experience, Paul Watson.
Sydney-based advisory business Critique Private Clients has joined the Count network, switching from Insignia-owned Consultum Financial Advisers.
Melbourne-based investment platform OpenInvest has secured long-term financial support from the Tayside Group, the family office of the Smith family.
Some 66 per cent of candidates have passed the 23rd adviser exam, which was held in November, according to an update from ASIC.
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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.
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