APRA will have “significant input” into the government’s proposed YFYS performance test which is not yet set in stone, APRA’s Helen Rowell noted, before expressing frustration with industry interactions relating to performance measurement.
The minister reiterated the government’s plan to make a call on the SG rise closer to July 1 when the “trade off” with wage growth is clearer, while shadow minister Stephen Jones said the current level “just won’t get us there”.
In episode 80, Alex Proimos speaks with Winston Ma, investor, attorney, adjunct professor in the global digital economy, and author of The Hunt for Unicorns: How Sovereign Funds Are Reshaping Investment in the Digital Economy.
In episode 79, Alex Proimos speaks with Magnus Grimeland, chief executive officer and founder at Antler.
The government’s proposed treatment of dividend payments by retail funds as “out of scope of the best-financial interests test” doesn’t reflect the policy intent of the measure or members’ best financial interests in any sense, an AustralianSuper policy submission has noted.
The proposed performance benchmark understates performance when it comes to adjustments for withholding tax and benchmarking credit exposure with traditional fixed income indices, meaning that relative performance is overstated, David Bell writes.
The stage is set for a greater focus on climate this year, particularly in light of the election of US President Joe Biden and the control of the US Senate falling with the Democratic party, Australian Ethical’s David Macri says.
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Having strong performance relative to the listed benchmark portfolio will be important for funds as the government’s new test begins, Con Michalakis says.
Funds will need to think carefully about marketing and branding activities in light of the government’s proposed best financial interest amendments which bans the use of member money for branding while adding oversight to marketing spending.
UNSW students have highlighted the tension between tailoring information to be more relevant with the desire for such information to be accessible at a low cost as part of a ‘sandbox challenge’ that has yielded some illuminating results.
In episode 78, Alex Proimos speaks with chief global macroeconomic research at PGIM Fixed Income.
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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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