The first anniversary of the contentious Your Future, Your Super reforms provided the perfect opportunity for reflection. This webinar took place on 23 June 2022 with a panel hosted live by David Bell, executive director, The Conexus Institute: Kim Bowater, director of consulting, Frontier Advisors Naomi Edwards, chair, Spirit Super Ian Fryer, general manager, Chant … Read more
The ACCC’s upcoming decision in the Port of Geelong case underlines the increasing competition law focus on superannuation funds as they take direct stakes in listed and unlisted companies. John Durie reports.
UniSuper CEO Peter Chun says he wants his fund to become the Netflix of retirement, a one-stop shop where people can come for all their retirement needs, with podcasts and video clips. “Our focus is not around ‘let’s launch another product’. We think we have a good product suite. Our focus is on building a better member experience,” he says.
Many Australian investors, including the large superannuation funds, are allocating assets to private markets such as private equity, unlisted infrastructure and private debt. Morningstar’s Annika Bradley reports.
Enabling about 500,000 Australians to retire over the next five years is one of the biggest challenges facing Australian super funds, says the head of the industry’s largest IT service provider.
Greenwashing is seen as the biggest challenge for the responsible investment industry with 72 per cent of Australians concerned about it, according to the Responsible Investment Association Australasia (RIAA), and 75 per cent of Australians said they would consider moving to another provider if they found out their current fund was investing in companies engaged in activities inconsistent with their values.
Co-investing enables funds to tap markets where there are fewer players and also gives greater “under-the-hood” access to the value creation of deals, experts say. But with heavy demands on resources and skills, it is not for the faint-hearted.
Cultural change is a long game and much more work needs to be done on building diverse talent pipelines to nurture future inclusive leaders that reflect our society, otherwise calls for quotas will increase, as slow progress will not be tolerated.
The $15 billion NGS Super is prepared to sell off shares in companies which it believes are merely “greenwashing”, as part of its strategy to achieve a target of having a carbon neutral portfolio by 2030, according to chief investment officer Ben Squires.
Qantas Super will allocate $2 billion across two investment managers to target net zero carbon emissions for its portfolios by 2050.
Funds find financial advice the most helpful in determining their members’ needs – the requirement of the Retirement Income Covenant – but not all members want advice.
Large variation in super fund outcomes was identified as a “lottery” effect by the Productivity Commission but despite the controversial Your Future, Your Super performance test, the lottery effect remains sizable and improved measures of accountability are required.
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