Talk of an economic crisis has dominated the front pages of newspapers ever since Joe Hockey delivered his budget speech on May 13. Many investors are exasperated at the impact this is having on markets, particularly as many view the Australian economy as healthy by global standards. Political commentators have called on the Coalition to … Read more
David Atkin, chief executive of Cbus has declared the growth in members of industry funds leaving for self-managed super funds at an end. The announcement comes the same day the scheme launches a member direct platform to cater for large account holders who want to manage their own investments. “Members moving to SMSF is an … Read more
John Pearce, chief investment officer of Unisuper, has a side bet with a member of his investment team that the Australian equity market is going to outperform the US equity market over the next year. When most people are talking about the end of the Australian boom, uncompetitive labour costs, an expensive currency and a … Read more
Anne-Marie Corboy is to leave HESTA at the end of February 2015 after serving 16 years as chief executive of the $29 billion fund. Corboy, who also sits on the boards of the Utilities Trust of Australia and Netball Australia, is now seeking to develop a portfolio of non-executive directorships, but is not ruling out … Read more
“It is clear…. that the banking system is considerably less competitive than the superannuation system, is systemically more risky and extracts a greater cost from the overall economy.” This extract from a submission sent by Greg Cooper, managing director of Schroder Investment Management Australia to the Financial System Inquiry, is perhaps the most damning put-down … Read more
There is a global pension underfunding crisis and yet Australians are set to lose $128 billion in savings because the Federal Government has tied up superannuation policy with the repeal of the mining tax. Superannuation policy should not be part of the political system and it’s time the industry did something about it. The Financial … Read more
The heads of investment operations at QSuper and Sunsuper, plus representatives from NAB Asset Servicing and senior consultants from Deloitte and Dymond Foulds & Vaughan met in July to answer the most common questions on securities lending. What is the additional workload created by an extensive securities lending program? The prognosis of both the head … Read more
CareSuper has announced Greg Nolan is to stand down from his role as general manager of investments at the end of the year. He will stay at the $8 billion fund in a part-time role on specific investment projects and the recruitment process for his replacement will commence shortly. Julie Lander, chief executive of CareSuper, … Read more
AMP has finished the centralisation of its fund manager teams, creating four separate chief investment officer roles under the leadership of Sean Henaghan. Following the exit of Stephanie Weston at the start of the year, the retail investment management function has been wound down and transferred from AMP to the multi-asset group at AMP Capital … Read more
The Future Fund has promoted internally to fill its chief investment officer role, while passing the responsibility for portfolio risk setting to another role. Dr Raphael Arndt, the fund’s former head of infrastructure and timberland, is now CIO, while Stephen Gilmore, the fund’s current head of investment strategy, will take on responsibility for monitoring total … Read more
Kinetic Super has defended its cost structure from analysis which shows it having the highest operational costs of all superannuation funds as a proportion of member assets. Megan Bolton, chief executive of the super fund for whom many members do contract work and often accrue small member balances, says costs have come down by a … Read more
An experienced investment professional seeking a better work-life balance is being sought by Legalsuper as its first ever chief investment officer. The $2.3 billion fund for Australia’s legal community hopes to gain a senior figure who wants to work two to three days a week. An announcement from Legalsuper lists the attractions of the role … 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.
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.
