Aon Master Trust taps colleagues in Retirements and Investments Solutions to support CIO

Janice Sengupta is to pass some of her investment duties onto colleagues in Aon’s Retirement and Investment Solutions business. The move follows her promotion to head of Aon Master Trust, while remaining the chief investment officer and director of the $2.9 billion super fund. Both Aon Master Trust and Retirement and Investment Solutions are part … Read more

Sustainable investors on the “right side of history”

World leaders have called for sustainability reporting by companies to become normal practice and for such metrics to be used by investors. The UN Sustainable Development Summit at UN headquarters in New York has created global goals for stock exchanges, investors and companies. The launch was celebrated with a special closing bell ceremony at the … Read more

CEO of Mine Wealth + Wellbeing resigns

Bruce Watson, chief executive of Mine Wealth + Wellbeing (formerly AUSCOAL Super), will leave the super fund over the coming months after 23 years of service to Australia’s mining community. Watson is the sixth superannuation and investment chief executive to resign since July – the other resignations were from Victorian Funds Management Company, TCorp, QSuper, … Read more

Gloomy forecast for Japanese corporate governance

A pessimistic view of Japanese corporate governance reforms was heard by prominent Australian institutional investors last night at the CFA Market Forecast dinner in Melbourne. Charles Yang, chief investment officer of T&D Asset Management and past chair of the CFA Institute Board of Governors, gave his assessment of the stewardship and corporate governance codes launched … Read more

HOSTPLUS will never divest from infrastructure

HOSTPLUS will never divest from infrastructure, despite record valuations, because of the cash flow it brings into the fund coupled with the rarity of obtaining the asset. At a time of high valuations in the asset class, research by some organisations such as Frontier Advisors, has suggested the selling of infrastructure might be a good … Read more

Club Plus Super appoints head of investments

Club Plus Super has appointed Gemma Dooley, formerly of Perpetual, as its head of investments. Dooley will be responsible for implementing the trustee’s investment strategy, overseeing Club Plus Super’s investment governance functions and managing relationships with the fund’s asset consultant (Jana), custodian (NAB) and external investment managers. Her previous positions have included general manager of … Read more

VicSuper incorporating natural capital into investment decisions

Natural capital is the stock of natural resources, including land, air, water and living organisms, which yield goods and services thereby providing inputs, both directly and indirectly, to businesses and society. The Natural Capital Declaration (NCD) is a global initiative run for financial institutions that aims to price in the full value of natural capital into … Read more

Superannuation elevated to cabinet level

Turnbull’s cabinet reshuffle has seen the position of Assistant Treasurer elevated to the cabinet level, bringing with it the portfolio for superannuation and financial services. Kelly O’Dwyer has been appointed as the new Assistant Treasurer replacing Josh Frydenberg who has now become the Minster for Resources, Energy and Northern Australia. Tom Garcia, chief executive of … Read more

Super funds get closer to optimal long term investing

Superannuation funds are tapping into a global research project to find a new form of long-term investment management. The Thinking Ahead Institute is pooling feedback from a group of 31 international fund managers and pension funds to help create the structure for a long term mandate that has scale, low fees and ultimately gives members … Read more

APRA must stand alone

It may have gone unnoticed by many, but Friday 26 June 2015 was a highly unusual day in the history of superannuation legislation and our parliamentary process. On the same day that the government released exposure draft legislation to change governance arrangements in superannuation for public consultation, APRA wrote to RSE licensees to outline its … Read more

Sunsuper board now one third ‘independent’

Sunsuper has moved to a one third independent, one third employer and one third employee representative model for its board. Michael Traill AM and Andrew Fraser will start their duties as independents this month and will join Jenni Mack who was appointed as the fund’s first independent in July. All were unanimously selected by the … Read more