About 200,000 Australians retire each year, superannuation balances at retirement are growing, and super is displacing the Age Pension as the main form of income for more retirees. It’s time for the government to directly offer annuities, to help turn the dream of a more comfortable and stress-free retirement a reality.
A panel of top allocators have conceded that it might be time to rethink underweights to China as the Asian superpower’s intensifying AI race with the US creates attractive opportunities and the line between government and the private sector blurs in the US.
Economist and former RBA board member Warwick McKibbin told the Investment Magazine Fiduciary Investors Symposium that AI doomsayers aren’t grasping the economic opportunities it will create, but that policymakers still need to be prepared for social unrest arising from displacement of jobs by AI.
Treasury is considering a new benchmark for “emerging assets” under proposed changes to the Your Future Your Super performance test meant to discourage the index-hugging behaviour that has characterised super fund investments since its introduction in 2021.
The performance test ‘side pocket’ proposal in the just-released Your Future Your Super consultation paper removes barriers to investing in nation-building, but that does not mean that there will be more investment as a result. Understanding why requires looking at both sides of the table.
Colin Tate AM, founder and managing director of Conexus Financial, publisher of Investment Magazine, speaks to Greg Clark, deputy chief investment officer of Hostplus, on the sidelines of the Milken Global Conference in Los Angeles. They discussed the US-China technology divide, Hostplus’s push into private markets and growth equity, the missing conversations around climate and … Read more
The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what’s on the program.
Australia’s superannuation system can weather financial shocks, geopolitical fragmentation and liquidity crises, but the biggest threat to its stability might be the perception that it can’t. An Investment Magazine roundtable, held in partnership with Northern Trust, has heard that funds need to be just as mindful of shocks to member confidence as they are to financial risks.
The Conexus Institute executive director, Dr David Bell, and research fellow, Dr Geoff Warren, discuss key legislative reforms currently in the pipeline that need to be expedited by the government to support funds in their development of better outcomes for members.
While other asset owners grow increasingly cautious on the United States – even as regulation, peer comparison and plain old FOMO keep them from moving away from it – Mercer Super chief investment officer Graeme Miller told Investment Magazine’s CIO Series podcast that those worried about concentration risk are missing a bigger picture.
Australia’s sovereign wealth fund has returned 11.7 per cent over the last 12 months, growing to a record $269.1 billion and shrugging off a turbulent March quarter shaped by the Iran conflict and stagflation fears.
Mercer Super chief investment officer Graeme Miller believes the traditional investment frameworks that asset owners have used for decades remain fit for purpose – but that technology is the one force reshaping everything fast enough to demand a genuine portfolio response. Speaking on the Investment Magazine CIO Series, Miller argued that while equity markets will … Read more
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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.
