Funds and insurers unite in battle against poor data

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

Technology helps trustee transparency but also regulator scrutiny

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

New rights for consumers will change investment choices in super

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

Turnaround at MTAA wins it medium-sized fund of the year award.

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

Silk commits to more services and decreasing costs

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

Jim Christensen: the right strategy may take three year’s to pay off

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

AustralianSuper named fund of the year

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

Removing superannuation from tax debate disappointing

A leading tax expert has expressed disappointment as the Government continues with its “blinkered” decision to remove superannuation from the tax debate. John Randall, superannuation partner at Deloitte, said the point of a review process was to have a serious, holistic think about what’s going to happen, but if GST, superannuation, or even fringe tax … Read more

Blending external and internal fund mangement: Telstra Super’s CIO Jim Christensen

Telstra Super, a $17 billion corporate super fund, has tailored funds for niches within the various investment strategies that it runs. It also has had a strategy to increase the level of internal management which has been effective in delivering targeted outcomes and helping to manage fees. Jim Christensen, Chief Investment Officer and finalist in … Read more

How technology is evolving super

A survey of superannuation fund chairs taken at the Conexus Financial Chair Forum, in conjunction with Milestone, earlier this year revealed a disconnection within superannuation. While chairs wanted to spend time on providing advice to members and to improving inhouse investment management, in reality they were being hindered by the time they had to spend … Read more