The current model of capitalism is unsustainable therefore investors need to choose their economic philosophy before making portfolio allocations, Dr Pippa Malmgren founder of DPRM and former White House financial markets adviser has told investors in Sydney. The social and economic inequalities the present version of capitalism creates is so vast it could be undermining … Read more
A new rule-of-thumb which allows members to quickly estimate their guaranteed income in post-retirement has prompted them to save more, Andrew Barnett, general manager, retirement solutions, MLC has said. The rule takes a members’ account balance, divides it by 10, and then divides the answer by two (five per cent) to give the guaranteed income … Read more
Investment portfolios should have be overweight in international equities and underweight in Australian equities on a two to three year time horizon, a panel representing leading investment experts said. Jeremy Lawson, chief economist, Standard Life Investments argued that the risk-return basis of Australian equities were not attractive when compared with other international equity markets, particularly … Read more
For most of January, myself and my colleague Dan Purves compiled a survey of the pay disclosure of superannuation CEOs, CIOs and chairs. It would have been an easier job if funds had not often placed this information in the darkest recesses of their websites. Such secrecy partly explains why the subsequent articles have been … Read more
Institutional investors are reaching tipping point in persuading hedge funds to adopt customer focused practices, David Neal, chief executive of the Future Fund, told a meeting of investors in Melbourne last week. If enough hedge fund managers sign up to the Hedge Fund Standards Board then such service will become the norm, believes Neal. Most … Read more
Catholic Super has started the process of switching its administration to Mercer, partly to gain flexibility in providing complex retirement products. The fund has around a quarter of its members in the retirement phase and offers 10 tailored retirement investment options, but it now wants to add hybrid options which give members a measure of … Read more
Equip has introduced the flexibility to take between 4-7 per cent income from its MyPension product launched in July last year. The product is currently live with 20 members, with several hundred pre-retirees registering an interest in signing up. Feedback from the latter group has led to the original setting of 7 per cent income … Read more
Colin Tate, the chief executive of Conexus Financial, remembers industry legend Mavis Robertson who died on Tuesday. As a young ad sales guy on the trade title Investor Weekly I was very unsure of how to take Mavis the first times we met. She was the formidable and seemingly dominating woman that knew everyone and … Read more
Two of Mavis Robertson’s closest colleagues have paid tribute to her role in the creation of superannuation as we know it and her inspiration to those within the industry. Together with Garry Weaven, chair of IFM Investors and ME Bank, she was one of the instigators for a compulsory superannuation system for all Australians. Weaven … Read more
Tax breaks in superannuation for the rich is the worst piece of public policy since ‘white Australia’, Garry Weaven pioneer of industry funds said at Conexus Financial’s 18th annual Investment Administration Conference. Addressing over 200 superannuation professional Weaven spoke on how most countries view Australia’s system as close to perfection, but despite this significant changes … Read more
The Future Fund says it is incumbent on investors to analyse data to understand and reduce costs. The fund is augmenting and enriching its custodian’s data with information from other providers, like Bloomberg, to run stress and crash testing on a daily basis, identifying currency and derivative exposure. Campbell McCulloch, head of investment operations at … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
