Performance test misses key investment-risk component

YFYS will change the super industry beyond recognition and there has been extensive discussion on the test’s design flaws, namely, its limited benchmark indices. In addition, the test’s exclusion of investment risk from the calculation is concerning according to Mercer’s Barlow

Super’s purpose still ill-defined

Treasurer Frydenberg has delayed outlining the government’s intensions relating to the superannuation system by not defining its purpose during his budget speech and papers on Tuesday night.

EP4: Fair gains: How to determine senior salaries in super

Robert Walters’ Associate Director and Recruitment Specialist Mel Munro and Mercer Principal and Human Resources Consultant Michael Moses talk to Investment Magazine’s Stewart Hawkins about the vexing question of remuneration in the super industry, who should get paid what and why – an issue made particularly complex because of the compulsory nature of the way funds collect assets and the fiduciary duty they have to their members.

ACSI singled out in Fed proxy advice crackdown: Louise Davidson

Louise Davidson ACSI CEO (Photo: Matt Fatches)

The six-plus page Treasury consultation paper is clearly aimed at ACSI which is the only proxy organisation that is a membership organisation whose members are super funds, Davidson highlights.

EP3: The dial has shifted: New risks and obligations of climate change

David Barnden, the lawyer responsible for bringing the landmark climate change case against Rest Super and Liza McDonald, head of responsible investing at Aware Super, talk to Matthew Smith about the shift in the climate change discussion within the superannuation industry, the member-led movement for change, government inaction and tough conversations with some asset managers.