Super funds’ priorities reshaping passive managers

The sheer weight of assets held by passive managers is dramatically increasing their power to engage with companies on issues of corporate governance and ESG. Investment Magazine investigates the mixed messages coming out of the three biggest passive managers as they attempt to meet engagement expectations from institutional investors. Two trends are causing institutional investors to ask more from passive management, fuelling a change … Read more

HESTA expands and rethinks investment team

HESTA has appointed Gary Gabriel, as general manager of investment strategy and risk, as part of a restructure in responsibilities and reporting lines and a growth in capabilities. Gabriel joins a team that in July appointed James Harman to the role of general manager of listed assets and Andrew Major to the new role of … Read more

Tim Costello on the purpose of super

The value of a business is linked to its corporate values said World Vision Australia chief executive Tim Costello, who exhorted super fund executives to consider the difference between success and significance. In a well received and thought-provoking address to 170 fund executives at the FEAL national conference in Melbourne, Costello – brother of former Treasurer, Peter … Read more

Qantas Super moves to lifecycle default

A whole-of-fund modelling exercise by Qantas Super has helped inform a decision to move to a new lifecycle fund in October. Jane Perry, chief executive of Qantas Super, told delegates at the FEAL National Conference how the modeling exercise – undertaken together with Russell Investments over four months in 2014 – was made with the … Read more

PWC sees tech as a threat to super

PwC “certainly” sees digital disruption as a threat to superannuation in a new age of digital business. Speaking on a panel at FEAL’s annual conference in Melbourne Chuck Lyman, partner at PWC, outlined how easy it has become to start a fintech, with the cost over the past five years dropping from $5 million to … Read more

Mentor urges executives to change their ways

Delegates at the FEAL National Conference were asked to stand on one foot with their eyes closed to illustrate how a lack of feedback could harm them. Kamal Sarma, chief executive of Rezilium, said that without visual feedback it was harder to balance. He linked the exercise to the danger of having the most junior … Read more

Damian Hill is fund executive of the year 2015

Damian Hill, chief executive of REST, has been named fund executive of the year at the FEAL annual award dinner. Along with the accolade he will receive a $20,000 education grant from AMP Capital, which previous winners of the award have used on week long leadership courses at leading business schools in the USA and … Read more

The $1 million super ‘myth’

Claims that super balances of $1 million or more were needed for a comfortable retirement are causing unnecessary fear and concern among many older Australians, AIST and AustralianSuper have said. An AIST and Vilder Policy and Research (VPR) paper, entitled ‘Busting the $1 million retirement myth’, has been published to “debunk the myth that $ … Read more

Finance companies back in favour

BlackRock has identified finance companies as the strongest sector bet in a global equities market artificially inflated by quantitative easing. Ewan Cameron Watt, chief investment strategist of the BlackRock Investment Institute, who met with investors in Australia over the past few days, has flagged the impending rise in US interest rates as boosting profit margins, … Read more

Stephen Knight to leave TCorp

Stephen Knight, chief executive of TCorp, has announced his resignation and will look to step down from his role within the next three months. The move comes two months after Knight completed the merger of the investment teams and operations for the State Super, Safety, Return to Work and Support and TCorp funds to create … Read more

How will you negotiate a good insurance deal for your members?

In the first of a series of how to guides for super funds Alastair Adamson, consultant at Rice Warner, walks through the steps they need to take to ensure the lowest possible premiums when renegotiating their group insurance package. Over the last couple of years wholesale premiums have sky rocketed, and will continue to do … Read more

Tasmania super merger gets green light

The creation of a single large Tasmanian superannuation fund is a step closer after the state treasurer Peter Gutwein announced he favoured a partial merger of RBF with Tasplan and Quadrant. The proposal still needs the support of all parties in the Tasmanian parliament and needs to overcome legal hurdles that show it will not … Read more