Just one in two superannuation trustees have modernised their group insurance claims handling processes, actuary Ian Fryer of Chant West estimates. The lag puts them at risk of falling short of the Albanese government and corporate regulator’s expectations on member engagement.
Australians aged under 35 years old are more “unrealistic and confused” about their retirement future than older generations, according to research from Aware Super.
AustralianSuper has appointed Paula Benson as chief officer of strategy and corporate affairs. She has worked in funds management, banking, resources, healthcare and infrastructure, and is as a senior corporate affairs executive and non-executive director. Benson was recently the global head of marketing, brand, and communications at IFM Investors. Prior to this, she was the … Read more
Ignition Advice has appointed Masons Stevens chief technology officer Enda Mahoney to lead the digital advice firm’s platform and product division. In addition to his previous role at Mason Stevens, he has held senior leadership positions in fintech and institutional firms, including SS&C, Bravura, Blackrock Solutions, Macquarie Bank, Colonial First State, and BT Financial Group. … Read more
Consolidation today to boost member numbers and drive down costs in accumulation phase could be setting up funds for a big problem tomorrow when those same members move into retirement or need services from their fund.
Investors accustomed to over-earning for the risk they were taking may be disappointed with returns in the coming years, according to the asset allocation heads at two of Australia’s largest funds.
Recruit 2 Advice, a provider of recruitment and advisory solutions in the financial services industry, appointed John Rey Baclayon and Graham Smith as client services specialist and consultant, respectively. Both have a significant amount of experience in the financial services industry.
Investment manager Bentham Asset Management has promoted Larry Francis to wholesale distribution manager for NSW and Queensland. Francis has more than seven years of experience across sales and distribution roles, and has a strong background in the credit asset management sector. Before joining Bentham’s distribution team over three years ago, he worked at Clime Asset … Read more
Investment consultancy Frontier Advisors is working with Australian asset owners to hold fund managers accountable for appropriate valuation of unlisted assets. Frontier said in a media release on Wednesday that embedding a continuous increase in valuation frequency comes at a cost that must be weighed up carefully, because members ultimately wear it. At a time … Read more
ETF provider Global X has launched the Bloomberg Commodity ETF (Synthetic) (BCOM) on the ASX.
In his first outing for Investment Magazine, the new editor-in-chief of this publication argues that a healthy financial services sector needs media that provides more than just information and opinion. It also needs advocacy and leadership.
Brett Jollie will step down as managing director of abrdn on 21 July due to the completion of the restructuring of the Australian arm of the business. His career with abrdn spans 23 years, including the last 14 years as managing director. His previous roles included head of distribution and chief operating officer. “This is … 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.
