Additional indices won’t fix the YFYS performance test
The YFYS performance test might be well-intended, but the design requires improvement, and a couple of extra indices isn’t the solution, David Bell writes.
Deanne Stewart leads female rise in top paid super ranks
The Aware Super CEO became the highest paid superannuation fund executive in the country during the survey period which encapsulated a merger and brand change, leapfrogging from 7th position in the pay rankings from the previous year.
2021 Super fund salary survey
Explore this immersive digital feature article to find out about this year’s top executive incentive schemes, the fastest moving female CEOs and CIOs and a new analysis ranking remuneration on a per assets under management and per-member basis.
How they compare: Super vs regulator and industry association exec rem
Perhaps the biggest surprise in the comparisons section of this year’s Salary Survey is what’s not reported with remuneration disclosures of executives at both the Financial Services Council and Industry Superannuation Australia not made public.
Maritime and AvSuper among funds with the most expensive execs: Analysis
At the upper end, CEOs of some medium-sized super funds earned pay packets equivalent to $70 per member, according to analysis which considers executive pay on a per member and per assets under management basis.
Investment staffing ‘evolution’ taking place: Recruiters
The pandemic and a changing technology environment are rapidly shifting the recruitment landscape for investment management operations teams, according to financial services specialists in human resources.
REST and Statewide actions put super industry on notice
ASIC’s new super enforcement and surveillance remit includes a focus on trustee competence and oversight that has led the regulator to investigate a “pocket of trustees” it believes is involved in misconduct, Karen Chester has revealed.
Funds hooked on equity and bonds need sophistication in alternatives: Mercer’s Nuzum
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Consultants cheer on funds looking offshore for real estate
Offshore is becoming attractive for funds willing to look outside the traditional staples of the asset class as long as they have the right team picking the right assets, a panel of consultants has discussed.
Progress on climate transparency remains slow
For those who review manager issued documentation on sustainability it is largely apparent that many fund managers are still developing their TCFD reporting, Alex Wise says.
Blackstone remains ‘high conviction’ on travel and entertainment assets
While hospitality assets that were convention oriented will probably take longer to recover back to pre-COVID levels, these activities will come back and this mega trend will continue, Blackstone’s Kathleen McCarthy says.
Nascent specialty real estate opportunities now coming of age: Heitman
The dislocation caused by Covid will push along growth in specialty real estate fundamentals at the same time as managers are improving their systems and liquidity enters the market, Heitman’s Caleb Mercer says.
