The ranking of Australia’s superannuation system has moved from third to second best system in the world largely due to the recent increase in superannuation guarantee payments to 9.5 per cent. The shift in the Melbourne Mercer Global Pension Index puts Australia ahead of Netherlands for the first time in five years, but falls short … Read more
AustralianSuper has broken a long silence on the MySuper debate by defending itself from criticism that it has not innovated. Alistair Barker, investment manager at AustralianSuper, speaking ahead of a presentation he is to make at the Fiduciary Investors Symposium on November 19, says the fund did its greatest thinking on its default fund just … Read more
The ownership of exchange traded funds (ETFs) by investors is growing at three times the speed of superannuation assets, according to provider State Street Global Advisors. The amount invested in ETFs registered in Australia will grow from $12 billion currently to $25 billion over several years, while a far greater figure is already invested by … Read more
BT Super for Life has sent out the world’s first personalised annual statements on video to nearly 100,000 members. Vicki Doyle, head of retail and corporate super at BT Super, has described the videos as a “critical turning point” in engaging the public on superannuation. Research carried out on behalf of the fund prior to … Read more
Conexus Financial, the publisher of Investment Magazine and Professional Planner will again recognise outstanding achievement in superannuation when it hosts the third Superannuation Fund of the Year Awards Evening in Sydney in May. The awards have evolved to embrace input from key industry stakeholders, whose experience and expertise will be integral to identifying the best funds … Read more
Paul Sayer is to leave his post as chief operating officer of REST Superannuation to become chief executive of TWU Super. Sayer will become the fourth chief executive TWU Super in the space of two years. Debora Jackson, who took over from Bill McMillin in January 2013, left the fund towards the end of last … Read more
The trustee system means the public does not have to be investment experts. Gerard Noonan believes it is time for politicians and policy makers to accept these merits. I’ve been involved in superannuation since industry funds were established for working people in the 1980s. Over those years, many high-minded national inquiries – from the Cooper … Read more
Cbus has disclosed figures showing TPD claims from members have nearly doubled in two years. There were 798 TPD claims paid in the financial year ending 2012 totalling $45 million, while claims in the financial year ending 2014 totalled 1296 and paid out $88 million. Cbus has set new standards for transparency in its annual … Read more
Large superannuation funds are having a conversation about how they can move to offer their members a greater form of liability driven investment (LDI). Broadly LDI is an investment target that is stated and then aimed for, a target sum or a target range of money that will offer members a decent or acceptable income … Read more
“We cannot suppress the powerful intuition that what makes sense in hindsight today was predictable yesterday. The illusion that we understand the past fosters overconfidence in our ability to predict the future.” Daniel Kahneman, Nobel Prize Winner, in Thinking, Fast and Slow. “The only value of stock forecasters is to make fortune tellers look good.” … Read more
Anne Whittaker, chief investment officer of Australian Catholic Super is to retire and will leave in December after more than six years at the fund. The $6.2 billion fund has been working with a head hunter to find a replacement after Whittaker revealed her plans in July. Richard Haddock, chair of the fund, said the … Read more
A scenario analysis tool developed by Frontier Advisors is confronting superannuation funds with the likelihood that their return objectives could be difficult to achieve over the medium term. The consultant has been offering its web based Prism tool to clients since April to allow them to carry out stress testing of portfolios and to see … 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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