Club Plus Super has doubled the number of online financial planners as demand for advice has swelled, says its chief executive Paul Cahill. The $2 billion fund, whose members work for clubs, hospitality and related industries, has been responding to growing demand for advice from its membership as well as higher usage of the Fund’s … Read more
REI Super, the industry fund for the real estate profession, has reappointed Ibbotson Associates as its implemented investment consultant for a further three years. Mal Smith, chief executive of REI Super, said his fund strongly valued Ibbotson’s depth of capabilities and expertise. In particular, he lauded Ibbotson’s creation of the Premium Income option for members, … Read more
Product innovation coupled with tailored digital education is key for the future of super funds, according to Anthony Rodwell-Ball chief executive of NGS Super. As retirees make up a growing part of funds he believes a strong customer focus that few funds currently have will be needed – by 2020 around 50 percent of NGS … Read more
Local Government Super (LGS) has appointed Bev Durston and Robert Swift as its first independent investment committee members. Both were appointed after what the fund described as a “comprehensive search”. They will assist the committee in monitoring the performance of investment managers and oversee the work of the internal investment team and external asset consultant … Read more
The Financial Services Council (FSC) has asked its retail superannuation fund members to have a majority of independent directors on their boards by the end of this financial year. The FSC defines independence as an individual not employed by the fund, its associated companies and material service providers either now or in the previous three … Read more
QSuper has more than covered the cost of segregating $10 billion in pension fund assets by taking advantage of a share buy-back with Telstra. Telstra bought back $1 billion in shares in October as a way of using up spare cash, but the offer was not appealing to all shareholders because of the capital gains … Read more
The much mooted idea of a government funded policy advice research institute for superannuation has been pre-empted by a partnership between the Australian Institute of Superannuation Trustees and Mercer. Dubbed the AIST-Mercer Super Tracker, the body will publish yearly updates on the relative fairness of tax concessions on superannuation for high and low income earners … Read more
Unisuper has built up the size of its insurance claims team to the point where most applications now take less than two days to process in a bid to reduce the size of claims and to boost the chances of member rehabilitation. Over the last few months the fund has increased the size of its … Read more
Entries are now open for the Conexus Financial Superannuation Awards which have evolved to embrace input from key industry stakeholders, whose experience and expertise will be integral to identifying the best funds across a number of categories – including Super Fund of the Year and Pension Fund of the Year. The aim of the awards … Read more
Our survey received responses from chief investment officers representing $223 billion of assets. The main trends from 2014 cover internalisation and asset allocation shifts. Forecast changes to equity allocations The fund that has switched its emphasis to global equities to domestic equities is common and best exemplified by AustralianSuper, which in the year to June … Read more
Super funds were warned by Tom Garcia, chief executive of AIST, that they “must build their brand or die”, when speaking at the CMSF conference on the Gold Coast back in March. And yet, only a few industry funds have responded in 2014. In researching the following quiz, we found all retail funds had clear, … Read more
Fund executive and lawyer David Galloway proposes a method for how funds should manage lawyers who launch insurance litigation before there’s anything to argue about. Lawyers who get involved in death and disablement claims tend to fall into two categories. The largest is where the lawyer advises their client well, ensures a rapid flow of … Read more
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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.
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