Merger to create a $120 billion investment giant
First State Super will merge with VicSuper to create Australia’s second largest profit-to-member super fund, managing $120 billion in retirement savings for more than 1.1 million members.
First State Super will merge with VicSuper to create Australia’s second largest profit-to-member super fund, managing $120 billion in retirement savings for more than 1.1 million members.
HESTA, the $50 billion superannuation fund for health care professionals, has appointed Gerard Brown as head of investment execution.
The $27 billion Nebraska Investment Council is conducting a deep dive into its fixed income portfolio, inviting up to 25 current and potential external managers to pitch their best ideas. The process begins by wiping any preconceived notions around the allocation’s role in the overall portfolio and justifying its place as if from scratch. It ends two years later with the issuing of mandates.
To the surprise of no-one, the result of the capability review found that APRA was not capable of fulfilling its most basic mandate, Pat McConnell says.
QSuper CIO, Brad Holzberger, has long stood out from his peers by loading up on long-term government bonds and even the recent sudden collapse of yields hasn’t deterred him from sticking with this asset class.
Tasplan, the $9 billion superannuation fund, currently in merger talks with MTAA Super, has appointed David Stuart to the role of CIO.
Legislating opt-in only life cover inside super for active members with low balance accounts will harm the insurance industry and hurt many members, Rice Warner says.
HESTA has delivered solid returns to members for the financial year but warns returns will moderate.
Christian Super, the $1.5 billion faith-based superannuation fund, has restructured its investment options and launched two new funds.
In Australia, there is still plenty of scope for private capital investment to grow.
Once again, we are at risk of undervaluing the importance of promoting strong, dynamic competition, says Frontier Advisors CEO, Andrew Polson.
The superannuation industry is committed to ESG but has yet to truly bring the ‘S’ to life.