Grattan CEO: What the budget got right and wrong
Government should focus on building consumer confidence rather than focus on backing a private sector-led recovery, Grattan Institute CEO Danielle Wood has said.
Government should focus on building consumer confidence rather than focus on backing a private sector-led recovery, Grattan Institute CEO Danielle Wood has said.
[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Dr%20Vivienne%20Ming%22%2C%22job_role%22%3A%22Theoretical%20neuroscientist%2C%20AI%20expert%2C%20entrepreneur%20and%20author%22%2C%22content%22%3A%22Professional%20mad%20scientist.%20Co-founder%20and%20executive%20chair%2C%20Socos%20Labs.%5Cn%5CnTheoretical%20neuroscientist%2C%20entrepreneur%2C%20author%2C%20and%20mother%20of%20two%2C%20Dr.%20Vivienne%20Ming%20is%5Cnfeatured%20frequently%20for%20her%20research%20and%20inventions%20in%20The%20Financial%20Times%2C%20The%20Atlantic%2C%20Quartz%20Magazine%20and%20the%20New%20York%20Times.%20Co-founded%20with%20wife%20Dr.%20Norma%20Ming%2C%20Socos%20Labs%20is%20a%20science%20incubator%20dedicated%20to%20solving%20some%20of%20the%20world’s%20most%20pressing%20problems.%5Cn%5CnPreviously%2C%20Vivienne%20has%20pursued%20her%20research%20in%20cognitive%20neuroprosthetics%20as%20a%20visiting%5Cnscholar%20at%20UC%20Berkeley’s%20Redwood%20Centre%20for%20Theoretical%20Neuroscience.%20In%20her%20free%20time%2C%5CnVivienne%20works%20to%20design%20AI%20systems%20to%20help%20treat%20her%20son%E2%80%99s%20diabetes%2C%20predict%20manic%20episodes%20in%20bipolar%20sufferers%20and%20reunite%20orphan%20refugees%20with%20extended%20family%20members.%20She%20sits%20on%20the%20boards%20of%20numerous%20companies%20and%20non-profit%20organisations.%20%5Cn%5CnFor%20relaxation%2C%20Vivienne%20frequents%20the%20sci-fi%20section%20of%20Audible%20and%20spends%20time%20with%20her%20wife%20and%20children.%22%2C%22image%22%3A%2260036%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fvivienneming%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Colin%20Tate%20AM%22%2C%22job_role%22%3A%22Chief%20executive%2C%20Conexus%20Financial%22%2C%22content%22%3A%22Tate%20has%20been%20an%20investment%20industry%20media%20publisher%20and%20conference%20producer%20since%201996.%20In%20his%20media%20career%2C%20Tate%20has%20launched%20and%20overseen%20dozens%20of%20print%20and%20electronic%20publications.%20He%20is%20the%20chief%20executive%20and%20major%20shareholder%20of%20Conexus%20Financial%2C%20which%20was%20established%20in%202005%2C%20and%20is%20headquartered%20in%20Sydney%2C%20Australia.%20%5Cn%5CnThe%20company%20hosts%20more%20than%2020%20conferences%20and%20events%20globally%20each%20year%20and%20publishes%20three%20digital%20publications%2C%20including%20the%20global%20website%20and%20strategy%20newsletter%20for%20global%20institutional%20investors%E2%80%AFTop1000Funds.com%2C%20Professional%20Planner%20for%20financial%20planners%2C%20accountants%20and%20private%20bankers%20in%20Australia%20and%20Investment%20Magazine%20for%20Australian%20superfunds%20and%20institutional%20investors.%20One%20of%20the%20company%E2%80%99s%20signature%20events%20is%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20attended%20by%20global%20asset%20owners%20and%20hosted%20in%20the%20Americas%20and%20Europe.%20%5Cn%5CnConexus%20Financial%E2%80%99s%20events%20aim%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20%5Cn%5CnTate%20served%20for%20seven%20years%20on%20the%20board%20of%20Australia%E2%80%99s%20most%20high%20profile%20homeless%20charity%2C%20The%20Wayside%20Chapel%3B%20and%20he%20has%20underwritten%20the%20welfare%20of%2060%2C000%20people%20in%2028%20villages%20throughout%20Uganda%20via%20The%20Hunger%20Project.%20In%202021%20was%20appointed%20as%20a%20Member%20(AM)%20of%20the%20Order%20of%20Australia%20(General%20Division)%20for%20significant%20service%20to%20the%20community%20through%20charitable%20initiatives.%20%22%2C%22image%22%3A%2260053%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcolin-tate-839a5a181%2F%22%7D%5D” title=”Moderator” el_class=””]
The Strategic Asset Allocation benchmark the government has employed to judge outperformance in its new annual performance test is expected to result in funds adapting their investment strategies to beat listed market indices.
While super stapling is a natural industry progression and a plus for consumers, the changes will curb some of the benefits smaller industry funds rely on to survive, which could further accelerate merger activity.
The boards nailing their governance objectives during the pandemic are the ones that have a dynamic, open relationship with their C-suite according to Vanessa Pigrum, head of The Cranlana Centre for Ethical Leadership.
The $125 billion industry fund says that while it doesn’t make sense for younger members, retirement age members can benefit from tailored tail-risk hedging strategies as proxy guards against sequencing risk.
Private equity is taking over the lending ranks from the banks, says Lonsec analyst Ron Mehmet. As volatility tapers off again, demand for alternative fixed income yield in Australia is making alternative avenues more and more attractive.
The ex-Liberal party leader was joined by a host of industry names on an “emergency” webinar to discuss the importance of continuing the legislated SG increase in July 2021, despite the economic effects of the pandemic.
While the March sell-off destabilised portfolios, savvy funds used what Cbus Super’s Scott Pappas called ‘the mother of all stress tests’ to gauge how well their portfolio managers shifted strategy and handled the duress.
AIA Australia has partnered with data science specialists Quantium to produce the world’s largest study looking at the links between behavioural characteristics and risks of depression, and the findings show us how Australians can easily eliminate hundreds of thousands of depression incidences each year. Mental illness and ill-health is one of the fastest growing public … Read more
While personal and professional agendas make it almost impossible to have a balanced debate about the SG, there are a few key criteria that any analysis – including that of the Retirement Income Review – should acknowledge according to the Conexus Institute’s David Bell.
[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Kerry%20Kennedy%22%2C%22job_role%22%3A%22%22%2C%22content%22%3A%22Kerry%20Kennedy%20is%20President%20of%20Robert%20F.%20Kennedy%20Human%20Rights.%20She%20is%20the%20proud%20mother%20of%20three%20daughters%2C%20Cara%2C%20Mariah%2C%20and%20Michaela.%20A%20human%20rights%20activist%20and%20lawyer%2C%20she%20authored%20New%20York%20Times%20best%20seller%20Being%20Catholic%20Now%2C%20as%20well%20as%20Speak%20Truth%20to%20Power%20and%20Robert%20F.%20Kennedy%3A%20Ripples%20of%20Hope.%5Cn%20%5CnThe%20seventh%20of%20Ethel%20and%20Robert%20F.%20Kennedy%E2%80%99s%20eleven%20children%2C%20Kerry%20has%20devoted%20more%20than%2040%20years%20to%20the%20pursuit%20of%20equal%20justice%2C%20the%20promotion%20and%20protection%20of%20basic%20rights%20and%20the%20preservation%20of%20the%20rule%20of%20law.%20She%20works%20on%20a%20range%20of%20issues%2C%20including%20child%20labour%2C%20women%E2%80%99s%20rights%2C%20disappearances%2C%20indigenous%20land%20rights%2C%20judicial%20independence%2C%20freedom%20of%20expression%2C%20ethnic%20violence%2C%20criminal%20justice%20reform%2C%20immigration%2C%20impunity%20and%20environmental%20justice.%20%5CnKerry%20served%20as%20Chair%20of%20the%20Amnesty%20International%20USA%20Leadership%20Council%20for%20over%20a%20decade.%20She%20serves%20on%20the%20board%20of%20directors%20of%20the%20United%20States%20Institute%20of%20Peace%2C%20Human%20Rights%20First%2C%20Kailash%20Satyarthi%20Children%E2%80%99s%20Foundation%2C%20Laureate%20and%20Leaders%2C%20Nizami%20Ganjavi%20International%20Center%2C%20HealthEVillages%2C%20as%20well%20as%20RFK%20Human%20Rights%E2%80%99%20numerous%20international%20chapters.%20She%20is%20on%20the%20Advisory%20Committee%20for%20the%20Association%20of%20American%20Indian%20Affairs%2C%20the%20Albert%20Schweitzer%20Institute%2C%20Sankofa%2C%20San%20Patrignano%2C%20and%20the%20Centre%20for%20Victims%20of%20Torture.%5CnKerry%20has%20received%20high%20honours%20from%20President%20Lech%20Walesa%20of%20Poland%20for%20aiding%20the%20Solidarity%20movement%2C%20The%20Humanitarian%20award%20from%20the%20Congress%20of%20Nobel%20Peace%20Prize%20Laureates%2C%20and%20many%20other%20honours.%5CnA%20member%20of%20the%20Massachusetts%20and%20District%20of%20Columbia%20bars%2C%20she%20is%20a%20graduate%20of%20Brown%20University%20and%20Boston%20College%20Law%20School.%20She%20holds%20honorary%20doctorates%20of%20law%20from%20Le%20Moyne%20College%2C%20University%20of%20San%20Francisco%20Law%20School%2C%20and%20University%20of%20New%20Caledonia%2C%20and%20honorary%20doctorates%20of%20Humane%20Letters%20from%20Bay%20Path%20College%20and%20the%20Albany%20College%20of%20Pharmacy.%5Cn%22%2C%22image%22%3A%2260057%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fkerry-kennedy-bb9879126%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Colin%20Tate%20AM%22%2C%22job_role%22%3A%22Chief%20executive%2C%20Conexus%20Financial%22%2C%22content%22%3A%22Tate%20has%20been%20an%20investment%20industry%20media%20publisher%20and%20conference%20producer%20since%201996.%20In%20his%20media%20career%2C%20Tate%20has%20launched%20and%20overseen%20dozens%20of%20print%20and%20electronic%20publications.%20He%20is%20the%20chief%20executive%20and%20major%20shareholder%20of%20Conexus%20Financial%2C%20which%20was%20established%20in%202005%2C%20and%20is%20headquartered%20in%20Sydney%2C%20Australia.%20%5Cn%5CnThe%20company%20hosts%20more%20than%2020%20conferences%20and%20events%20globally%20each%20year%20and%20publishes%20three%20digital%20publications%2C%20including%20the%20global%20website%20and%20strategy%20newsletter%20for%20global%20institutional%20investors%E2%80%AFTop1000Funds.com%2C%20Professional%20Planner%20for%20financial%20planners%2C%20accountants%20and%20private%20bankers%20in%20Australia%20and%20Investment%20Magazine%20for%20Australian%20superfunds%20and%20institutional%20investors.%20One%20of%20the%20company%E2%80%99s%20signature%20events%20is%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20attended%20by%20global%20asset%20owners%20and%20hosted%20in%20the%20Americas%20and%20Europe.%20%5Cn%5CnConexus%20Financial%E2%80%99s%20events%20aim%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20%5Cn%5CnTate%20served%20for%20seven%20years%20on%20the%20board%20of%20Australia%E2%80%99s%20most%20high%20profile%20homeless%20charity%2C%20The%20Wayside%20Chapel%3B%20and%20he%20has%20underwritten%20the%20welfare%20of%2060%2C000%20people%20in%2028%20villages%20throughout%20Uganda%20via%20The%20Hunger%20Project.%20In%202021%20was%20appointed%20as%20a%20Member%20(AM)%20of%20the%20Order%20of%20Australia%20(General%20Division)%20for%20significant%20service%20to%20the%20community%20through%20charitable%20initiatives.%20%22%2C%22image%22%3A%2260053%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcolin-tate-839a5a181%2F%22%7D%5D” title=”Moderator” el_class=””]