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.
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.
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 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 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
Highly respected business strategist and former Synchron independent chair Michael Harrison passed away on Sunday, 21 May 2023, after a long illness. He was 78-years-old.
Asset manager Nuveen has invested US$190 million ($286 million) from industry funds Cbus Super, Hostplus, and TWUSUPER in its US Cities Workplace strategy. Nuveen’s US Cities Workplace strategy – which sits within the firm’s global resilient series – invests in alternative workplace assets across the medical office, life science, technology R&D, and studio production sectors … Read more
The Financial Services Council (FSC) has appointed CFS chief executive Kelly Power to its board. Power has over 20 years of experience in financial services. Prior to Colonial First State, she was the head of platforms at BT Financial Group, where she also held several other executive management roles.
With its superannuation business hitting $500 million of assets under management and 10,000 members since opening its doors six months ago, US passive investing giant Vanguard is taking steps to further bolster its retail business.
The Federal Court has ordered AMP Financial Planning and AMP Life pay a monetary penalty of $24 million after proceedings brought against it by ASIC.
The Federal Court has ordered MLC Life Insurance pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies. In addition to the $10 million penalty, MLC has provided approximately $11.8 million in remediation to approximately 1,000 impacted customers. The court made declarations … Read more
A recent report has highlighted that financial return remains a key hurdle for superannuation funds’ involvement in affordable housing amid the Federal government’s push to attract institutional capital into the sector.
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.
