The superannuation industry is ready with billions of dollars in “patient capital” to back the Federal Government’s green energy plans, according to Wayne Swan, chair of the $65 billion construction industry super fund, Cbus.
Funds forced to pay ESG professionals high salaries as demand outstrips supply in the employment market, caused by lack of investment in ESG teams over the past decade.
The role and timing of superannuation funds’ powerful proxy advisers has come under the spotlight with the recent AGL demerger. The $68 billion superannuation fund for the health and community service workers, HESTA, broke ranks early – on May 25 – to publicly oppose the demerger, while other superannuation funds cautiously awaited the advice of … Read more
Super funds bracing for a volatile ride in recent times as investment markets grapple with rising inflation and interest rates, falls in offshore stock markets, lockdowns in China, the war in Ukraine and a spike in oil prices.
As Australian super funds face into the challenge of creating offshore teams, Mercer has scaled up its domestic super fund business to take advantage of its established global capabilities. Tim Barber explains the reasoning behind Mercer’s big transformational transaction.
Mercer’s acquisition of BT Super puts the firm firmly in the industry’s top 10 and well above the magic line of $50 billion plus under management, ensuring its position in the main game.
Over the second and third quarters of this year, the Australian Prudential Regulation Authority (APRA) plans to re-engage with superannuation trustees and life insurers on life insurance trends relating to premium price volatility, availability and tender practices.
The trend of consolidation in Australia’s superannuation industry is gathering pace, but among leading industry figures the jury is still out on whether bigger funds always do better.
A 2020 forecast for Australian super funds lifting their private equity investments from $80 billion to $185 billion 2025 is conservative judging by recent moves in the sector, according to Boston Consulting Group (BCG) managing director Timo Schmid.
With the election now over and the ALP in power with a strong cross bench of independents, Australians have made it very clear that it’s time to move past the short-term, populist pitches to the electorate and time to focus on some of the many structural issues facing Australia with a whole-of-government approach.
As the world emerges from a pandemic, policymakers and organisations are working to stave off the public health threat of loneliness and social isolation and insurers and super funds have a key role to play.
There is untapped potential for sectors like the superannuation industry to better understand neurodiverse workers and allow them to thrive and, with the current tight employment market, now is a good time to start.
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.
