The OECD has called on global policymakers to avoid restrictive regulatory frameworks that could lead to overly conservative investment strategies in defined contribution pension schemes, as a new study from the organisation found that equity exposure usually brings better retirement income outcomes.
Wayne Swan, former Labor treasurer turned chair of embattled profit-to-member fund Cbus, has staunchly defended the construction industry fund’s trustee governance and his own independence at a much-anticipated showdown with a parliamentary committee led by Coalition senator and super sector critic Andrew Bragg.
The Albanese government has finally legislated an objective for the super system, in an eleventh-hour achievement that makes Australia the second developed nation to do so. The milestone comes almost two years after Treasurer Jim Chalmers kicked off the campaign at a Conexus Financial Political Series event.
Frontier Advisors has hired Alexandra Veroude as a senior consultant in its capital markets and asset allocation team. has hired Alexandra Veroude as a senior consultant in its capital markets and asset allocation team.
Australian institutional investors should deploy more capital in the Asia-Pacific region, embrace the national interest issue of renewable energy, and take US president-elect Donald Trump at his word, Minister for Foreign Affairs Penny Wong has told a Conexus Financial Political Series event.
Superannuation assets in Australia have pushed past the $4 trillion mark, blessed with strong inflows and investment performance. But asset consultant and University of Technology Sydney fellow Rob Prugue says the ballooning size of the sector warrants more scrutiny of systemic risk.
AustralianSuper has hired three senior investment professionals in its international equities team, all based in the fund’s London office.
Commonwealth Superannuation Corporation has entered a partnership with Novigi to combine its existing systems for five distinct superannuation schemes onto a unified administration platform, with Novigi supporting all platform operations for a seven-year term.
Data from ProductRex, a product recommendation platform for financial advisers, has highlighted the impact of negative media coverage on troubled profit-to-member fund Cbus which is experiencing advised net outflows at the same level as AustralianSuper, a super fund four times its size.
Asset owners and managers may not always agree on fees, but one thing both parties are thinking a lot more about these days is creating innovative structures which – if done right – could provide rewards for the former and value for the latter.
The first half of next year will be a pivotal period in the reinvigoration of AMP’s superannuation division under group executive Melinda Howes, who joined the business in January this year and is driving a renewed focus on member service and engagement underpinned by a simplified product line-up and a soon-to-be-released digital advice offer.
Investors often assume that the regulatory climate risks to a business are likely to be front-loaded and, therefore, more relevant to valuation than the more ‘distant’ physical damages that are expected to fade in significance by virtue of being ‘discounted away’, according to a recent report. But physical and transition costs are two sides of the same valuation coin.
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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.
