BNP Paribas Securities Services has won its second major client from NAB Asset Servicing in three months after it was appointed to act as custodian and administrator for $2.2 billion First Super. The $3.9 billion TWU Super appointed BNP in December and both funds have cited concerns over meeting increasing regulatory demands around investment performance … Read more
Hedge funds are sheep in wolves’ clothing, they are claiming their returns to be alpha, but a large part of it is driven by beta, Narayan Naik, professor of finance, London Business School told delegates at an investment think-tank in London this month. The good news, Naik says, is a new era has dawned in … Read more
The performance of low volatility and benchmark equity strategies for retirement portfolios was likened to the tale of the tortoise and the hare at the 7th annual Post-Retirement Conference. Roy Maslen, chief investment officer – Australian equities, at AB (formerly known as Alliance Bernstein), presented research which showed a well-constructed low volatility portfolio would eventually … Read more
The superannuation industry is on a steep learning curve on what success looks like in post-retirement product development. Case studies from Equip Super, NGS Super and MTAA Super at the 7th annual Post-Retirement Conference in Sydney heard feedback of investment success, adjustments and low take-up. Early indications show the NGS Super pension product, the most … Read more
[optin-monster-shortcode id=”w95ekbqr0rt15s3erc5h”] An increase in diverse partnerships with financial service providers is likely as super funds attempt to develop attractive post-retirement products, the Post-Retirement Conference heard. These partnerships will likely include fund managers, insurers and investment banks as well as larger funds offering products to smaller funds. Nicolette Rubinsztein, general manager of retirement and advocacy … Read more
Research into members is crucial for success and engagement for retirement products, but so far it has been lacking, industry leaders agree. The data currently available to funds does not allow for effective development of products or communication with members because it is too general detracting from tailoring and sectorisation, participants at the 7th annual … Read more
Sunsuper is utilising its new alliance with Vanguard to develop guided advice for members as an alternative to robo-advice. With a low average account balance of $31,000 Sunsuper has been examining cost-effective ways of delivering personalised limited scope financial advice to members and thinks that Vanguard’s guided advice model “works incredibly well”. “Vanguard’s experience with … Read more
The Actuaries Institute said that the Intergenerational Report (IGR) has “conclusively” demonstrated the need for policy change, while the Australian Institute of Superannuation Trustees (AIST) said that “there is no need to panic”. The Actuaries Institute believes the IGR’s forecast change in demographics will put “significant pressure on health, pension and aged care costs”, but … Read more
Jo Townsend is to become chief executive of Funds SA on April 20 leaving REST Super after seven years in a variety of roles, most recently as chief operating officer. Townsend started her career as a fixed income manager, before moving to REST as an investment manager, rising to become general manager of investments before … Read more
AustralianSuper is closer to realising its strategy of setting up an overseas office with the completion of two property deals worth $1.5 billion – 1.7 per cent of the fund. In its biggest ever direct property transaction it paid $1.1 billion for a 25 per cent stake in the Ala Moana Center, Honolulu – the … Read more
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