Retirees require a central retirement coordinator, and the two lead candidates are Government and super funds. For super funds to perform this role requires them to be acknowledged as more than simply product providers.
Trustee boards are under increasing scrutiny in the aftermath of the introduction of the members’ best financial interests duty and the decision-making process is key to ensuring trustees meet their obligation.
ASIC has placed an interim stop order on Vasco Responsible Entity Services, stopping it from offering or distributing the Pivotal Diversified Fund to retail investors.
Private debt is an important part of Queensland Investment Corporation’s $60 billion state investment portfolio as yields are attractive and capital adequacy rules restrict bank liquidity.
The superannuation industry is gearing up to help members shift to retirement with mass education campaigns and new products ahead of results of a joint APRA and ASIC review of funds’ retirement strategies.
The government is unhappy with the quality of member service currently provided by the superannuation industry and demanding funds do better.
The eligibility age for people to make downsizer contributions to their superannuation has officially expanded to include those aged 55.
Future Fund chief executive Raphael Arndt has called on the investment industry in Australia to have a rethink of its strategy, given major structural changes in the global economy now underway.
Continued market volatility, rising interest rates, the energy transition and the re-opening of China are likely to shape investment decisions in 2023.
In a positive stock-bond correlation world, balanced portfolios will be more volatile without the “natural hedge that bonds provide to stocks in a negative correlation world. Nevertheless, diversification will remain a powerful tool to protect portfolios, according to Noah Weisberger, managing director in the institutional advisory & solutions group at PGIM.
Diversa Trustees has paid a $13,320 fine for alleged greenwashing after ASIC issued an infringement notice.
Fund consolidation and post merger stories were among Investment Magazine’s most read in 2022 amid the continuing wave of super fund mergers. While the annual super fund salary survey continues to draw readers as remuneration information is valued for peer benchmarking and retention.
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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.
