The high cost of governance at TWUSUPER
A surprising anomaly from the Investment Magazine Salary Survey 2017 was that a $4 billion super fund paid the most in chair fees.
Lifetime Achievement Awards to Lounarda David and Rav Gray
Sunsuper’s Lounarda David and NAB’s Rav Gray were both recognised with a Lifetime Achievement Award at the 20th Conexus Financial Investment Operations Conference.
Ascendancy of the chief investment operations officer
Chief investment officers and portfolio managers are finding it increasingly difficult to implement portfolio decisions without getting a final tick of approval from their back-office colleagues.
Lawyers warn super funds to expect class actions
The trend among superannuation funds to insource more of their investment operations is exposing the industry to a higher risk of legal action, lawyers have warned. Dan Purves reports.
ASIC and super funds at loggerheads over RG 97
The executives responsible for running the back-office systems of many superannuation funds have expressed frustration at the regulator’s “painful” new rules for disclosing fees and costs.
Investment Magazine Salary Survey 2017: Who gets what
The Investment Magazine Salary Survey 2017 shows super funds are being paid more than ever and short term bonuses are increasingly common.
There’s distrust and discord, but don’t get discouraged
The Future Laboratory’s Chris Sanderson paints a daunting picture of the challenges facing Australian super funds if they are to ensure their survival. But he also sees opportunities. Amanda White writes.
The case for collateralised loan obligations
During the financial crisis, asset-backed securities earned a bad reputation, but Alcentra’s Cathy Bevan argues that collateralised loan obligations can add quality diversification.
Single touch payroll will give members’ fund choice a nudge
Getting the design right will be critical to ensure it does not pervert how individuals choose a fund. David Haynes writes.
APRA declares managing climate risk a prudential obligation
APRA has stated clearly that banks, insurers and super funds have a duty to calculate the financial risks linked to climate change.
The struggle to implement RG97
Complying with the new demands from government is one of the biggest challenges to confront investment operations teams in decades.
