A campaign by the Grattan Institute against lifting the superannuation guarantee rate to 12 per cent is based on a “misleading” model, according to a new Mercer report released on Thursday. Mercer senior actuary David Knox said the Grattan findings used a series of assumptions that were not realistic for the average Australian.
With the new financial year started and the Protecting Your Super (PYS) laws now in effect, the Federal Government has turned its attentions to introducing the Putting Members’ Interests First Bill, a set of measures initially intended as part of the PYS legislation but removed from the final Bill.
Alpha and risk premia strategies will be an important diversified driver of return in a low market return environment, says Debbie Alliston, head of AMP Capital’s multi-asset group.
Asset owners should worry about liquidity in managed fund investments as recent examples show large illiquid allocations to private market assets which can take considerable time to exit.
Is the world’s fourth-largest pool of retirement savings being put to good use? University of Sydney Business School economist Susan Thorp discusses this at a forthcoming FEAL conference.
Demographics and industry dynamics, along with the funds flow from retail to industry funds and from smaller funds to bigger players, have culminated a situation where most of the industry is in net outflow, says former Mine Super CIO, David Bell.
A key issue in life-cycle fund design is setting the right ‘glide path’ for switching from growth to defensive assets over time. As it turns out, risk aversion is far more important than pension fund balance.
While the world’s banks are the largest holders of leveraged loans and CLOs, new data has revealed about 40 per cent of these instruments are owned by asset managers, private equity, and hedge funds.
David Veal, CIO of the $3 billion City of Austin Employees Retirement System, discussed private equity, managing strategic relationships, internalisation and adopting Norwegian investment beliefs at a recent Fiduciary Investors Symposium.
The Senate Economics Committee has recommended that the Putting Members Interests First bill be passed, further restricting default insurance in super.
Group insurance can do better, but it’s wrong to say the system is broken, argues ASFA chief, Martin Fahy.
The $90 billion QSuper industry fund has promoted Charles Woodhouse to the position of CIO. He succeeds Brad Holzberger who will retire in September after serving as the fund’s investment head for 20 years.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
