Boutique investment managers have consistently outperformed over the past two decades, delivering significant value when compared to primary indices, a study by the Affiliated Managers Group (AMG) claims. Based on the results from the study, the average boutique outperformed the average non-boutique in 9 of 11 equity product categories, by an average annual 51 basis points. … Read more
Industry bodies have made public the key positions of their submissions to the Government’s Tax White Paper; commons themes include a lifetime cap on tax concessions, not change to the dividend imputation system, taking the whole system into account (alongside the Age Pension) and the cessation of tinkering as it is destroying confidence. The Treasurer … Read more
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
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
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
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 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
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
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
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 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
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
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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.
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