Asset consultant Frontier Advisors, alongside AustralianSuper and Cbus, have called on the broader superannuation industry to treat the development of a well-governed valuation process as a top priority, suggesting that bad practices are not doing anyone a favour and send a wrong message from the sector.
As superannuation funds increase in size and complexity, chairs and trustee directors need to be across a wide range of specialisations from retirement strategies and advice, to M&A and dealmaking, data, marketing, digital and IT. These myriad skills will come in handy as they face the politics that inevitably comes with a system that faces constant criticism and scrutiny.
The Financial Advice Association has welcomed the Australian Taxation Office’s revised guidance on tax deductibility of financial advice fees, suggesting that it’s a positive development in clarifying relevant rules.
Sequoia Financial Group has acquired its legal service provider Australian Business Structures (ABS) for a cash consideration of $2 million.
AustralianSuper has upped its partnership with Nuveen affiliate Churchill Asset Management to US$1.5 billion ($2.3 billion).
Society has changed dramatically since German Chancellor Otto von Bismarck first forced 70-year-olds into retirement in the 1880s. Advancements in education, culture and life span mean many now view “life after full-time work” as a productive period, with specific health and lifestyle goals.
Australia’s biggest super funds are quietly plotting their path into playing a bigger role in financial advice, committing to more personalisation and better education to help build retirement confidence among members alongside advisers.
With regulations and economic headwinds pushing retirement income solutions to the top of national priorities, the financial service players who embrace the right technology and better product flexibility for retirees will emerge as winners.
SMSF Association has appointed Christine Franks to the board as its governance expert, effective 1 January 2024.
The much-publicised launch of a UK office for Aware Super’s international business has helped start a conversation in British political circles about a compulsory defined contributions system. The now London-based deputy CIO, Damien Webb says the fund will invest $10 billion in British property, infrastructure and private equity as the country’s authorities roll out the red carpet.
Almost 90 per cent of Australians aged 50 and over believe they will still be paying off a mortgage when they retire, as AMP research finds that older Australians are preparing to head into retirement with higher debt.
The Fiduciary Investors Symposium heard from leading fixed income investors that the unusual behaviour of the yield curve is both a challenge, but also an opportunity to benefit from smart positioning.
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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.
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.
