Companies financial reports are critical to investment decision but insufficient as they only tells 20 per cent of the story of a company, whereas integrated reporting give a complete view. Professor Mervyn King, chairman of the international integrated reporting council, said before investing what is ultimate beneficiaries’ money into a company’s equity, ESG factors should … Read more
There is a clear business case to tackle mental health illness in superannuation as it impacts on the funds themselves through their employees, the members and the companies funds invest in, a panel of business leaders said. Sam Mostyn, non-executive director of Virgin Australia, Transurban Group, Citibank Australia and Mirvac Group, said that a company’s … Read more
The Motor Trades Association of Australia (MTAA) Superannuation Fund has had a “pleasing” uptake by members of a new investment option that is a hybrid between growth and capital protection, designed particularly for those transitioning into retirement. The Income Focused Option is designed to deliver capital stability and manage investment volatility, targeting a reliable … Read more
HESTA, UniSuper, Local Government Super and QSuper have been awarded scholarships from the Fund Executive Association Ltd (FEAL) to further professional development amongst their executive. These scholarships offer executives an opportunity to study at the world’s leading executive institutes, such as the London School of Economics and the Melbourne Business School, not only to … Read more
The Future Fund’s allocation to cash is the highest it has been for more than five years, increasing from 12.8 per cent to 15.2 per cent in the past quarter. The cash allocation has moved between a low of 5.8 per cent in June 2013 and this new high of 15.2 per cent. December 2010 … Read more
Robeco will launch the world’s first multi-factor credit fund, after academic research by its quantitative research team reveals that size, low-risk, value and momentum factors have economically meaningful and statistically significant risk-adjusted returns in the corporate bond market. Robeco, which manages €1.2 billion in equity factor portfolios and a total of €25 billion in quant … Read more
Private equity specialist Ray King is leaving Mercer today, after three years at the firm as partner. His role has been cut due to the global restructure of the private markets group at Mercer following the acquisition of SCM, a provider of advice in private equity, real estate and infrastructure, in November 2014. King announced … Read more
New research that details who gains the most from tax concessions in super should be a key driver in tax reforms this year, says TOM GARCIA chief executive of AIST. There can be no debate that super needs to be taxed concessionally. But at what point do we draw the line in the name of … Read more
First State Super has grown rapidly in a short space of time. Only a few years ago it was less than $20 billion and now is well over $50 billion as a function of a significant merger with Health Super. Richard Brandweiner, chief investment officer, says the competitive advantages, the capabilities and the challenges are … Read more
Assistant treasurer Josh Frydenberg wants an income replacement bracket to be part of the debate in setting an agreed objective around superannuation. This is part of a broader retirement income policy examination the government is undertaking. The “Holy Grail of reform” is the interaction between taxation, superannuation and pension, Frydenberg told delegates at the Financial … Read more
An inability to take swift and effective action against the managers and executives of businesses that offer financial planing, including super funds, remains a gap in the corporate regulator’s armoury that it wants to fill, according to ASIC commissioner Peter Kell. Speaking at an Association of Superannuation Funds of Australia (ASFA) conference on Tuesday, Kell … Read more
Low fees have little correlation with fund performance or retirement outcomes, according to research conducted by SuperRatings. This research stands in opposition to the Grattan Institute which called on the government to run a tender on default funds, as they claim there is little evidence that funds that charge higher fees provide better member services. … 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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