Challenger enters pole position for CIPR

Link Group has signed a strategic alliance with Challenger to make annuity products more easily accessible to members, in one of Link’s first moves to use its new found scale to benefit clients. Link Group’s Australian Administration Services (AAS) has pledged to make guaranteed retirement income products available on its contemporary aaspire administrative platform by … Read more

Book review – The Death of Money

Malinvestment is a term I cannot recall hearing in our industry, but US author James Rickards refers to it frequently in his new book, the dramatically titled, The Death of Money – the coming collapse of the international monetary system. The book sketches out apocalyptic scenarios around further bank collapses, the failure of QE, the … Read more

Rethinking retiree investment risks

Some of the leading thinkers in superannuation investing met up in Melbourne with two representatives of Wellington Management to discuss how good the industry is at investing for retirement. They were set five questions to answer. What does your retirement offering look like and how much do you expect to evolve? It is rare to … Read more

Super CEOs in vanguard of leadership change

Superannuation fund chief executives are in the vanguard of a sea change in business leadership that prioritises values, believes an international business mentor. Anthony Howard, an author and a confidant to leaders in large publicly traded companies in Australia and abroad, will be speaking at FEAL’s annual conference in Melbourne on August 6, on how … Read more

VicSuper gets into bed with Challenger

VicSuper claims to have launched Australia’s first ever public offer comprehensive income product for retirement (CIPR) in partnership with annuity provider Challenger. The offer combines a pension product created by VicSuper’s in-house team with a flexible guaranteed fixed income product from Challenger created after feedback from VicSuper members. VicSuper currently has 20 per cent of … Read more

Progress on super for Indigenous peoples

Three streams need to be developed if superfunds are to better engage with Indigenous peoples on superannuation issues. These streams focus are: connecting to traditional knowledge; building elders’ capabilities; and using the language of caring. Dr Vinita Godinho, managing director of Financial Resilience Australia, gave these recommendations at the Indigenous Super Summit in Melbourne last … Read more

Quality factor explained by profitability: Robert Novy-Marx

Among academic classifications, and the subsequent implementation of factor investing, “quality” is one of the newer areas of investigation. Robert Novy-Marx, the Lori and Alan S. Zekelman Professor of Finance at the University of Rochester, is leading the charge on the academic justification of quality as a factor, although he has a “jaded scepticism” about … Read more

Fund managers’ fees can drop by 25bps

Frontier Advisors has said fund managers fees can come down by 25 basis points over the next five years, advocating a move away from an ad valorem fee structure to a flat dollar fee with a CPI escalator, combined with a performance fee that genuinely rewards true skill. The current norm for fund managers’ fee … Read more

SuperFriend’s gift to Australian businesses

SuperFriend has launched practical guidelines to help Australian businesses mitigate the $10.9 billion loss to the economy through mental illness and poor mental health, following a systemic international search of relevant publications and actionable strategies. The newly released report, ‘Promoting positive mental health in the workplace: guidelines for organisations’, was provided at the SuperFriend Forum … Read more

Hand in glove: Damian Graham, CIO at SSFS

To understand how SSFS invests its $14 billion fund you need to know that advice is at the core of its offering. Damian Graham, chief investment officer at the fund, sees accumulation as a collective outcome but retirement as one requiring individual input. “Once you hit retirement it’s a much more bespoke outcome looking at … Read more

Energy Super chooses high conviction manager

Energy Super has switched Australian equity mandates over performance issues and awarded the Brisbane-based manager Dalton Nicol Reid $400 million. The money will be managed in a high conviction fund run by Jamie Nicol, which saw a 4.4 per cent outperformance of its S&P ASX200 benchmark for the year ended April 30, 2015 and has … Read more

How to allocate to combat climate risk

A climate change report from Mercer has given investors a practical framework for monitoring and managing climate risk, shifting the discussion from philosophical agreement to practical investment implementation. Mercer has outlined extensive dynamic investment modelling that analyses changes in the return expectations of assets between 2015 and 2050 driven by four climate change scenarios and … Read more