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

AON Master Trust appoints CIO as new head

AON Master Trust has appointed its chief investment officer, Janice Sengupta, as its new head. Sengupta will continue in her role as chief investment officer while taking on the additional duties, as part of the fund’s strategy to be nimble and lean. “We are excited to have Janice spearhead the Aon Master Trust team, a … Read more

MyPension product removes behavioural bias in investments

Equip’s MyPension product was designed specifically to reduce risks – including behavioural biases – for the vast majority of its members who would never see a financial planner, delegates heard at an Investment Management Consultants Association seminar. As Australians generally have very little financial literacy it was important to design a product that could be clearly communicated … Read more

Hedge funds retain their value proposition

A world-leading professor of finance has argued that hedge funds have retained a positive value proposition in the wake of the GFC. Professor Stephen Brown of NYU Stern School of Business also told attendees at a Centre for International Finance and Regulation seminar in Sydney this morning that operational due diligence can add 250bps per … Read more

Why super funds should invest in social housing

The China Investment Corporation (CIC) has taken advantage of the low Australian dollar to purchase nine office towers in Melbourne and Sydney for $2.45 billion, making it reportedly the biggest direct real estate transaction in Australia’s history. A second announcement that has received less media scrutiny is the NSW government advertising campaign on how Sydney’s infrastructure … Read more