A cooling-off period would be applied to inter-fund super fund switches and platform trustees would be on the hook for member losses incurred through fraud or theft under proposals contained in a trio of consultation papers released on Wednesday morning.
More and more super funds are pivoting to the TPA approach, but will need to confront the long-standing issues with accountability that come with it if they want that model to be sustainable into the future.
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
The Australian Council of Superannuation Investors, the proxy adviser serving a host of profit-to-member super funds, says it is “critical” the ASX address shortcomings identified in an ASIC review of its governance, capability and risk management frameworks.
The principles of high-performance leadership – whether in business or sport – remain remarkably consistent and include the ability to maintain clarity, integrity, and conviction under immense pressure. Former Australian test cricketer Usman Khawaja told the Fiduciary Investors Symposium, held by Investment Magazine sister publication Top1000Funds.com, that the only time you really lose is when you stop trying.
Produced in partnership with Robeco. For years, emerging markets were boxed as a commodity proxy, a levered play on China, or a diversifier in a developed markets-centric portfolio. The economic architecture has shifted: EM and developing economies now account for the majority of global GDP on a purchasing power parity basis and growth projections expect … Read more
If investors look under the hood of the emerging markets, they’ll find an “innovation trinity”: AI hardware and advanced semiconductors, the energy transition and digital infrastructure. With industrial ecosystems backed by policy, talent and scale, that trinity isn’t easily replicated elsewhere.
With the government’s Retirement Reporting Framework finalised, the regulator is consulting with funds on the structure and timing of an implementation program designed to create a fit-for-purpose regime with minimal additional compliance burden.
Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified “inefficiencies” in the space.
Andrew Lill, who this week left his role as interim CIO at legalsuper, is set to take on the top investment job at one of the country’s largest charitable foundations.
Dynamic asset allocation has become increasingly popular among pension and sovereign wealth funds as a top-down tool to generate alpha and mitigate risk in the face of changing market conditions, though not every asset owner believes in the approach’s value-add. But HESTA’s general manager of dynamic assets Michael Blayney argues active asset allocation is just natural extension of the underlying logic in security selection.
legalsuper’s CEO will take up the top job at Equip Super while interim CIO Andrew Lill is departing for parts unknown as a slew of executives step down across the superannuation system.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
