Jim Chalmers is the new Shadow Minister for Financial Services and Superannuation. Speaking on his promotion to the Shadow Cabinet, Chalmers said it was an honour and “especially pleasing” to take up the financial services and superannuation portfolio given his longstanding interests in the sector. “This sector is at the pointy end of technological transformation … Read more
Labor MP Jim Chalmers is the frontrunner to become the new Shadow Minister for Financial Services and Superannuation, after Bernie Ripoll resigned from the position in September. The decision of who is to take up the portfolio is due to be made by 11:30am October 13, 2015. In the past month the portfolio for financial … Read more
Cbus is sponsoring the National Housing Conference 2015 (NHC) to help progress the creation of a mechanism or product that would enable it to invest in affordable housing. The super fund is one of a number of sponsors of the biennial event, which is the largest cross-sector housing meeting in Australasia, due to be held … Read more
NAB Asset Servicing is still the largest custodian in Australia with $702 billion in assets under custody (AUC), but it has only experienced a 1.4 per cent growth, while its nearest competitor grew by 16.5 per cent. JP Morgan had $558 billion in AUC at June 2015 and has benefitted from new clients such as … Read more
The biggest risk to investors is not another financial system crisis but a global shock that has been underestimated. Graham Harman, investment strategist, Asia-Pacific at Russell Investments told an audience at the Paul Woolley Centre for the study of Capital Market Dysfunctionality in Sydney, that investors should be more concerned of a risk hitherto underestimated, … Read more
Russell Investments has been sold to TA Associates, a private equity firm that specialises in building up fund management companies. The London Stock Exchange Group has sold the global fund management and consulting operations of Russell Investments to TA Associates for US $1.15 billion, with Reverence Capital Partners taking a minority shareholding. Russell Investments will … Read more
Although concerns exist for the investment case for India around the dearth of information and the lack of process so far in accurately gauging past performance and the future risk return pay off, a recent Investment Magazine roundtable showed there is a palpable desire to bridge that divide, and increase the allocation of super fund money to an economy that has … Read more
A 150 per cent increase in premiums in three years has led to new options being developed including rehabilitation of members and the halting of selection against Media Super. Michael Rooney, deputy chief executive officer of Media Super, said the historical methods weren’t sustainable as the fund has experienced a 70 per cent increase in … Read more
The leaders of publicly listed companies are prone to lying, self-aggrandisement, bullying and narcissistic behaviour. This is the damning indictment of US chief executives by Jeffrey Pfeffer, a professor of organisational behaviour at the Stanford Graduate School of Business, in his book Leadership BS, fixing workplaces and careers one truth at a time. Pfeffer’s contention … Read more
Australian Catholic Super has launched a account based pension product based on a bucket strategy, offering members a simple and accessible solution which tackles the risks associated with longevity. Similar to solutions used by financial planners and Equip Super, the product works by investing a member’s account balance into two buckets: cash and growth. The … Read more
Let’s for a moment think about what a major super fund might look like in 10 years’ time and what that will mean for a future chief executive. Firstly, a quick reminder of the industry shape in a decade. The received wisdom is that the superannuation fund industry could well end up with a small … Read more
A wake-up call for governments worldwide on the need to tackle a looming shortfall in retirement savings has been made by the Global CFA Institute. Using research taken from the Melbourne Mercer Global Pension Index, a CFA report entitled An Ideal Retirement System calls for a more sustainable and equitable distribution of tax breaks as … 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.
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.
