Regulations requiring proxy advisers to get a new Australian financial services licence and for them to provide same-day reports to the companies they are commenting on come into effect on February 7. Some see it as part of an agenda by the Morrison government to curb the potential influence of the industry fund sector on the boardrooms of corporate Australia, Glenda Korporaal reports.
Sports origins fire his belief in mentoring for executives, the former QIC and AMP Capital executive, Brian Delaney, says.
Super funds know what to expect in 2022 with regard to regulation but the investment market offers green shoots “there for the taking” despite still being uncertain. David Bryant, Mercer president, Pacific region & CEO, Australia, gives his take on the top five investment priorities for funds for this year.
Chiefs of some of the country’s largest institutional investors have sought clarity on any new regulations for financial advisers from lawmakers ahead of a likely May Federal election, while superannuation and financial services minister Jane Hume is also keen to “remove the grit from the wheels of the merger process” for smaller super funds.
Labor won’t reverse most of the Government’s super regulatory reforms in the case of an election win according to opposition spokesperson for financial services and superannuation, Stephen Jones but he warned the Retirement Income Covenant will fail unless the industry can get the “advice piece right”.
The Dixon saga casts a shadow over policymakers’ options to expand intra-fund advice models so that fund members can be matched to appropriate products, a move that could vertically integrate the entire super industry. Conexus Financial Founder/CEO and Conexus Institute Chair Colin Tate writes.
The sale of BT’s superannuation business and Panorama platform may change the Australian market, depending on the buyer, John Durie writes.
The CRO (aka Chief Risk Officer) will have to navigate the turbulence of regulator demands, respond to crises and future risks, while finding calmer skies and deliver better member outcomes, according to Alexander Hughes’ managing partner Michael Swinsburg.
Prepare for a year of transition with inflation a major concern and investors shuffling portfolios away from equities, toward fixed income and overseas expansion according to AustralianSuper’s chief investment officer Mark Delaney.
Beijing’s latest moves to control economic data make it “no longer an investment proposition” says China expert.
There’s plenty of room for mid-sized super funds to find relevance and generate good returns amid the current merging trend according to Active Super’s CEO Phil Stockwell
Ambition to limit global warming to 1.5 degrees “alive but has a weak pulse” according to outgoing PRI CEO Fiona Reynolds
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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.
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