The key players in the merger between AGEST and AustralianSuper revealed some of the secrets of the deal to delegates. AustralianSuper took four years to earn back the $11 million costs of its merger with AGEST it was revealed in a session entitled ‘To Merge or Not To Merge’ at CMSF 2015. The figure was … Read more
The number of global equity teams trading from Australia has risen to nine, in part driven by the growing pool of assets in superannuation. The most recent addition are two funds from Antipodes Partners run by Jacob Mitchell, former deputy chief investment officer of Platinum Asset Management and a portfolio manager of the Platinum International … Read more
Stern of manner, speedy in delivery, Helen Rowell, member at APRA, stopped CMSF delegates from feeling too pleased about themselves, by pointing out areas in which funds must do better. Change management Rowell warned that with much regulatory change ahead from the government reaction to the tax review and the Financial System Inquiry the ability … Read more
Sunsuper’s new data scientist wowed a large audience at CMSF with a case study of how predictive modelling helped successfully allocate staffing to achieve a member campaign to roll over legacy accounts. Kirill Eremenko, a trained mathematician with a background in analysis at Deloitte, told delegates how Sunsuper has conducted five separate targeted member SuperMatch … Read more
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
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