Superannuation funds’ asset management costs are destined to fall on average to around 40-50 basis points, predicts Chris Cuffe. The chair of UniSuper speaking at the Frontier Advisors Conference in Melbourne on Tuesday saw the removal of default status for industry funds as one of the key drivers of lower management expense ratios (MERs). Cuffe … Read more
Indian companies in cyclical sectors are trading at a huge discount to valuations and will be some of the largest beneficiaries of the Modi effect, according to HSBC Global Asset Management. Reforms from prime minister Narendra Modi have passed government subsidies to individuals’ bank accounts rather than intermediaries, leading to greater bank account use … Read more
A new breed of passive manager that conducts greater engagement with companies to create long term value is set to emerge as the scope for large investors to gain access to skilled managers decreases. The US$ 4.77 trillion fund manager BlackRock has already started down this path in the belief that long term financial and … Read more
Large superannuation funds’ hiring spree of leading consultants has continued with the appointment of Andrew Baker of Tria to AustralianSuper. Over the past 18 months, Richard Weatherhead and Thierry Bareau have left Rice Warner to work on the group insurance offering of AustralianSuper, while Guy McAliece has left KPMG to join First State Super in … Read more
Data management is becoming a “battleground” for the group insurance industry as funds and insurers seek to create new, more personalised and sustainable products, according to Robert Nunez, head of industry funds at CommInsure. The changes are a response to the soaring insurance premiums and the corresponding pressure from APRA on insurers and trustees to … Read more
Jeffrey Leckstein, head of Australia at Bloomberg, explains how technology is improving transparency for investors but also how regulators are using it for accountability. As global growth converges towards a slower speed, more funds in Australia are utilising derivatives to achieve investment objectives and manage exposures, leaving trustees and boards increasingly concerned about the associated risks. Many … Read more
The right to corporate responsibility and the right to privacy for the consumer could join the four foundational consumer rights in law and policy globally. Addressing a room filled with some of the best from the superannuation sector Jenni Mack, founder of consumer advocacy group the Superannuation Consumers Centre, said fund members will increasingly demand … Read more
MTAA Super has gone from the point of collapse to winning best medium-sized super fund in a remarkable turnaround of fortunes. Both the fund’s chair, John Brumby, and its chief executive officer, Leeanne Turner, paid tribute to MTAA’s staff, management and board who had put in dedicated and sustained work over the last four years … Read more
Ian Silk, chief executive of AustralianSuper, attributed his fund’s success at the Conexus Financial Super Awards Evening to its ability to maximize the potential of its scale. His fund won three awards at the ceremony in Sydney; large fund of the year, default fund of the year and overall fund of the year. Speaking to … Read more
Success in current investment markets might mean choosing a strategy that only pays off in three years’ time, according to Jim Christensen, chief investment officer of Telstra Super. Christensen was speaking after collecting his award for chief investment officer of the year at the Conexus Financial Superannuation Awards Evening. “No one has got simple answers,” … Read more
The winners of the third annual Conexus Financial Superannuation Awards were announced last night in a ceremony at Ivy Ballroom in Sydney, with 300 guests in attendance. Awards were handed out across nine categories, with the night’s biggest award going to AustralianSuper for overall fund of the year. This night’s top fund was determined from … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
