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
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
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
Sunsuper has continued the transformation of its board with the appointment of Jenni Mack as its first ever independent trustee. Mack, the founder of consumer advocacy group the Superannuation Consumers Centre, recently raised her profile with a speech on the need to create two new consumer rights, that was delivered to super fund representatives at … Read more
The development of digital platform is enabling funds to better comply with the Australian Securities and Investment Commission (ASIC) by automating compliance and providing documentation of key data sets related to members. State Super Financial Services’ use of digital platforms means defined parameters are set around the advice the fund’s advisers can give, as the system … Read more
AustralianSuper has publicly endorsed the CFA’s Asset Manager Code of Professional Conduct, as part of a bid to get the code more widely adopted by fund managers. The code outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients and is an attempt to get uniformity of basic standards worldwide. … Read more
AUSCOAL Super is to change its name to Mine Wealth + Wellbeing from July 1 after market research showed its members were looking for ‘more than super’. The move goes hand in hand with a new range of products – some ready to go live in July and others in development, which will include credit … 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.
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.
