With the passing of Helen Hewett the country has lost a major force in the fight for gender equity in the industry and a champion of mental health for workers. Former Principles for Responsible Investment CEO and soon to be CEO of Conexus Financial, Fiona Reynolds, reflects on a life lived fighting the good fight.
CareSuper chair Terry Wetherall told Andrew Main he believed his “boutique” fund had unique advantages, particularly in being nimble and in understanding that active management is the way to go at the moment.
The key to future super fund administration and performance will depend on the quality of members’ data collected and how it is used. The sting in the tail is the more data you have, the more effort must go into protecting it, John Durie writes.
The federal Government’s Retirement Income Covenant, recently passed into law and due to be enacted later this year, does “address a gap” and will focus super trustees’ minds to ensure they actually do something but it doesn’t come without complications according to KPMG’s superannuation partner, Cecilia Storniolo.
The roles of super funds in retirement strategies was thrown into the spotlight with the Retirement Income Covenant recently passed into law. ANU associate professor, Geoff Warren, examines whether these roles should be as fiduciaries, product providers, or both.
Most industry funds are now considering their position on the need to levy members to build up reserves to cover any fines incurred by trustees in the light of recent legal amendments. Glenda Korporaal explains the impact of the changes and how funds are responding.
Controversial regulations on proxy advisers, seen in some circles as targeting the industry superannuation fund-backed Australian Council of Superannuation Investors (ACSI), have been rejected by the Senate. The regulations had officially come into force only three days earlier. The necessary approval by the Senate on Thursday was thwarted by a move to have the regulation … Read more
It’s inevitable industry fund members will end up paying for changes to trust deeds that enable a right to remuneration designed to protect trustees against fines incurred for breaches of Commonwealth law. But the key is transparency, according to Dr Scott Donald, associate professor at UNSW.
The $450 monthly threshold to be earned by workers before employers contributed to their super has been removed by Parliament at the same time as it passed legislation to embed the Retirement Income Covenant into law.
HESTA CEO Debby Blakey sees engaging members, educating them about their super and providing support for long-term financial planning as being front-of-mind issues, writes John Durie.
The thinking and process behind the recent acquisition of GeelongPort by Spirit Super provides an insight into the mindset and investment strategies of mid-sized super funds reports Mal Chenu.
The milestone of reaching $200 billion, with no additional capital since starting with $60.5 billion, would not change the Future Funds outlook which would “remain robust with a neutral setting to a range of scenarios”, according to CIO Sue Brake.
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.
