Directors can be held personally liable for destructive cyber-attacks, but super funds are complacent about the mounting threat, a cyber security adviser said in a session entitled ‘The anatomy of a hack’. Carl Woerndle, cyber security advisor at Deloitte, said the chief executive played a critical role in combating attacks and that it was vital … Read more
A super funds single most important asset is the brand because it defines member relations, a marketing and public relations expert told delegates. Mark Sareff, chief strategy officer of Ogilvy Australia, likened brands to religion saying that super funds needed to move beyond viewing it solely as a logo and realise that it includes the … Read more
An organisations leadership sets the culture and thereby its brand, Bob Every, chair of Wesfarmers and Boral, said. Vision, strategy and operating style are the three critical components needed to be utilised by leadership if they want to define culture and build a sustainable brand he said. “Vision is the net presence value of future … Read more
The AIST is to launch a digital innovations department that will seek to create solutions which take advantage of the collective scale of industry funds. The digital innovations department, which will launch in the second half of 2015, comes as part of a pledge made by Tom Garcia, chief executive of AIST, to help not-for-profit … Read more
An end to ad hoc, populist and rushed policy changes to super by government is being called for by Tom Garcia, chief executive of AIST. The urgency of this call comes a week after the treasurer Joe Hockey floated the idea of using super to help young people pay for their home or HEC debt. … Read more
Investment Magazine is the official media partner of CMSF and is producing a daily newsletter covering highlights from the major conversations taking place from the Gold Coast Convention Exhibition Centre. The following links show the newsletter from each day of the conference.
The debate on tax in superannuation has become too narrow and polarised hampering progress towards an equitable system, a tax expert said. John Randall, superannuation partner at Deloitte, said people were approaching the topic from various viewpoints, but that each one was focusing on different constricted areas of interest. He added the discussion needed to … Read more
VicSuper’s unusually large bias to international equities is set to grow over structural and cyclical concerns on the Australian economy. The $14 billion fund has 32 per cent of assets in global equities, 18 per cent in Australian equities and 11.5 per cent in emerging market equities. The third annual Casey Quirk/ Top 1000 funds … Read more
What would Keynes’ do? Delegates at a London investment think-tank discussed this question with Cambridge University’s David Chambers. Keynes started managing the Kings College, Cambridge endowment after World War I and analysis of his investing style reveals some interesting annotations for investors today. John Maynard Keynes was not just an economist – he was a … Read more
Most large superannuation funds are looking to increase the amount they manage in-house, but Cbus is resisting the trend and thinks it has found a smarter approach. As a $30 billion Cbus moves up fund size from medium to large fund over the next five years, it is finding greater complexity in achieving further economies of scale. … Read more
IFM Investors has acquired the Indiana Toll Road Concession for $7.52 billion (USD5.725 billion), the largest overseas infrastructure deal in IFM’s history. IFM Global Infrastructure Fund has agreed to acquire 100 per cent equity interest in the toll road’s concessionaire and operator, ITR Concession Company (ITRCC), who filed for bankruptcy in September, 2014. The ITRCC … Read more
Removing savings from superannuation accounts to buy housing will be “disastrous”, the shadow treasurer said. Chris Bowen slammed treasurer Joe Hockey’s “thought bubble” that superannuation money could be used to help first time buyers get onto the property ladder or retrain, describing the proposal as “ridiculous” and “disappointing” at the Centre for International Finance and … Read more
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