In episode 92, Alex Proimos speaks with Delilah Rothenberg, co-founder and executive director of the Predistribution Initiative and Denise Hearn, co-author of The Myth of Capitalism: Monopolies and the Death of Competition and board chair of the Predistribution Initiative.
In episode 91, Alex Proimos speaks with Lorne Johnson, managing director and director of institutional solutions at QMA (a PGIM company).
In episode 90, Alex Proimos speaks with Désirée Lucchese, ethics and impact manager at U Ethical.
In episode 89, Alex Proimos speaks with Graeme Bibby, the former chief investment officer of multi-family office Mutual Trust.
After recent mergers and if further planned mergers proceed, Australia’s superannuation landscape will consolidate to 12 funds with assets under management of more than $50 billion each, the data shows.
It’s all well and good to say super is all about accumulation of funds for members during their working lives but according to AustralianSuper Chair Donald Russell funds also have a responsibility to provide advice.
Spirit Super’s CEO Leeanne Turner says the new consolidated entity is not looking to become a mega-fund but is open to further mergers.
FSSSP Financial Services, the trustee for Aware Super is the largest superannuation industry fund licensee owner on this year’s Licensee Owner’s List, ranked at 14 with 242 advisers.
Underperformance relative to the government’s proposed test could end up being a competitive advantage in the long run for funds like Rest which are now laser focused on outcomes relative to the listed eight-year benchmark, Vicki Doyle highlights in a wide-ranging interview.
Fund consolidation was also a topic of conversation during Wednesday night’s Senate Estimates hearing with APRA noting it is seeing a number of funds talking about a variety of mechanisms to pool assets to get the advantages of scale outside of traditional merger arrangements.
“You can’t underestimate the importance of clarity of purpose”, according to Kirsten Mander who highlights the advantages of being a smaller fund amid the consolidation trend.
The debate around which stapling model has raged to the point where stapling works best is now at risk of not proceeding, which would be a shame because either proposed model would improve consumer outcomes, David Bell writes.
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.
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