ASFA chief steps down
The Association of Superannuation Funds of Australia CEO Martin Fahy has informed the board he will resign after seven years in the role.
Asset liability management: The CSC 100-year model
Commonwealth Superannuation Corp has been managing pensions for the federal civil service and other federal government employees for over a century. The key is to manage liability, says CEO Damian Hill.
DB scheme key to staff retention in civil service: State Super report
The advantages of being in a defined benefit pension scheme are a strong reason why many fund members have remained in the public sector, a recent study by State Super has found.
Holden employee fund merges into Mercer Super Trust
Mercer has signed an agreement with the trustee of Holden Employees Superannuation Fund (HESF) to transition HESF into the Mercer Super Trust via a successor fund transfer.
Fourth Line restructures leadership team
Advice regtech firm Fourth Line has re-structured its leadership team to advance its goal of fully automating the financial advice assurance process. Founding CEO David Travers will transition to executive chair , overseeing the delivery of a technology roadmap that will automate advice assurance to a level previously thought impossible. Chief operating officer Joel Ronchi … Read more
‘It was the wrong strategy’: AustralianSuper CIO rues unlisted property missteps
Mark Delaney, the CIO of $276 billion AustralianSuper, admits the fund’s unlisted property strategy was wrong but unwinding the exposure will take some time.
Ripple Wealth joins Walker Lane as member firm
Boutique advice firm Ripple Wealth has joined licensee Walker Lane as a member firm.
Members need more transparency around super funds’ illiquid assets: Morningstar
How much is too much? That is the quandary facing Australia’s $3.5 trillion super fund industry as it determines the optimum level of illiquid assets in its vast holdings. Morningstar does a deep dive into the illiquid holdings of some of Australia’s largest super funds.
Market recovery, higher contributions push super assets to hit $3.5t in 1Q23
The size of Australia’s $3.5 trillion superannuation market is now considerably larger than the country’s $2 trillion-plus economy, driven by a rebound in financial markets and the increase in the Superannuation Guarantee.
Asendium partners with Enzumo for SOA creation
Advice tech firm Asendium has partnered with financial planning software customisation business Enzumo to provide clients with a detailed and compliant SOA document that is linked to their Asendium account.
AstuteWheel launches version 4.0 of engagement software
AstuteWheel has celebrated its eleventh anniversary by launching version 4.0 of its engagement software, which includes a secure client portal, enhanced CRM functionality, and practice management/business improvement tools.
BT appoints distribution head
BT has appointed head of account management Jason Brown to lead its distribution team. He has been acting in the role since December 2022, when previous head of distribution Chris Mather moved to CFS. Brown has over 30 years of experience in financial services and has worked at BT across business development and account management … Read more
