Industry is consulting with APRA to address the cost of merging, particularly among smaller funds where the cost to merge is preclusive to tie-ups progressing, experts have raised during an ASI digital conference panel discussion.
With savings plans failing to generate returns due to rock-bottom interest rates, Daniel Seiler from Vontobel Asset Management has predicted investors will begin to develop multi-asset portfolios rather than just cash, instead of just taking on straight equity exposure.
Whilst an important variable, inflation is just one of the factors infrastructure investors are sharply focused on, as the asset class definition transforms and governments around the world navigate a changing economic and geopolitical environment, RARE’s Nick Langley explains.
Many may have argued central bank stimulus has destroyed trends and manipulated markets, but that doesn’t mean new trends can’t emerge, even if they are not as predictable, Kathryn Kaminski explains.
The world’s ability to manage Covid-19 will progressively improve over time, says Mark Delaney, the CIO of Australia’s largest superannuation fund, and the economic recovery has so far been faster than with other major recessions.
A world-first “pain coach” trial between insurer AIA Australia and pain scientists including Professor Lorimer Mosley from the University of South Australia has produced some standout results.
A Biden fiscal and economic stimulus reform would involve raising company and capital gains taxes, but it would also involve raising deficits to spend more, a-la Franklin Roosevelt in 1933, an approach that could turn out to be more positive for financial markets, Bridgewater Associates founder Ray Dalio points out.
Pressure on investment committees has increased exponentially during the pandemic as the ‘realms of the investable have completely shifted’. Willis Towers Watson consultant Rebecca Bannon believes proper instruction, delegation, and efficiency are required to keep them ticking.
While the chair of the decade old Super System Review couldn’t shed light on the current Retirement Income Review, he said If the superannuation system is being used for tax-advantaged inter-generational wealth transfers then those tax subsidies should be reviewed.
The investment team is using strategies in liquid fixed income markets to exploit valuation discrepancies between fixed income securities, like yield curve arbitrage, swap spread arbitrage, mortgage arbitrage, volatility arbitrage, and credit arbitrage.
Knowing your own values, purpose and ethics and leaving a positive social footprint is critical for individuals and companies. When what you say doesn’t match what you do, the disconnect can result in loss of reputation, trust and business, Garry Browne writes.
The emerging advice gap has reinvigorated industry discussions about the future of advice and the part super fund advisers will play. While intra-fund advice plays an important role in the financial system, the data shows it is no substitute for full service financial advice.
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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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