Funds SA chair, Dr Helen Nugent, will step down from her position on December 8, 2015. Nugent has served 15 years as chair of Funds SA. During this period, funds under management have increased five-fold with current funds now at over $26 billion. The super fund said investment returns have been a significant contributor to this … Read more
The Australian Institute of Superannuation Trustees (AIST) has used its annual awards to highlight the strides many not-for-profit super funds are taking in the use of targeted marketing, social media and in increasing women’s super balances. At last night’s 2015 Awards for Excellence, both funds and individuals were recognised. Equip was a double winner at … Read more
The biggest disruption to superannuation and its associated industries comes not from innovative technology companies, but from the government, according to JANA. Speaking at the Investment Management Consultants Association (IMCA) annual conference, John Coombe, executive director of JANA, said it doesn’t matter how it is looked at, the superannuation industry only exists because it was … Read more
First State Super is rolling out a venture capital strategy to increase the likelihood that it will be an early investor in technological solutions which could disrupt businesses, including superannuation. The $52 billion super fund has already invested $110 million in Blackbird Ventures (a venture capital firm established in 2012 to nurture the development of … Read more
The deadline for entries for the Conexus Financial Superannuation Awards 2016 has been extended to November 27. The awards celebrate excellence in the Australian superannuation industry and aim to encourage all funds, their staff and suppliers to strive towards the best possible outcomes for members, in all aspects of their activities. Nominations are open for … Read more
Greg Fernance will step down from his role as head of investment and capital management at the $1.4 billion University of Sydney investment portfolio. Fernance, who has held the role for 12 years, is looking to stay in the endowment investment space either at an operational level or a trustee level. A replacement is expected … Read more
There are a few places left for one of the biggest institutional investment conferences of the year being held at the Balgownie Estate Vineyard, Resort and Spa in Yarra Glen, Victoria next week. The Fiduciary Investors Symposium is open to buy-side representatives of institutional investment teams or boards and to investment consultants who work with … Read more
David Gonski has urged industry superannuation funds not to fear the switch to a one-third independent trustee model, and to search for like-minded independents. The chair of the ANZ Bank and Coca Cola Amatil, and the former chair of the Future Fund, advises superannuation funds instead to spend time choosing the appropriate candidates to serve … Read more
John Pearce received the biggest bonus for a chief investment officer of a large super fund with a payout of $653,586, equivalent to 97.6 per cent of his base salary and super package, in the financial year 2014/15. The bonus size reflects Pearce’s engagement in a number of in-house functions not performed by, or to … Read more
Ian Silk, chief executive of AustralianSuper, received a 15.44 per cent raise for the 2014/15 financial year, the greatest increase in pay of a chief executive at a large super fund. CPI for 2014/15 was 1.5 per cent meaning the raise was 10 times more than inflation. His total remuneration package was $805,372 including a … Read more
Sunsuper has appointed Ian Patrick as its new chief investment officer. Patrick has stepped down from his role as chief executive of JANA Investment Advisers to take up the role – a position he has held since 2008. Jim Lamborn, the former head of JANA’s $36 billion implemented consulting service, will replace Patrick as the … Read more
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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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