With all its industrial might, should China be labelled an emerging economy? The second largest economy in the world is transitioning from one best known for its cheap clothes, plastic goods and household electronics to one that is helping developed and less-developed nations alike to build infrastructure. The bullet trains that took members of the … Read more
Pressure on the coalition government to reverse its decision to scrap the low income superannuation contribution (LISC) is growing from two campaigns to preserve the annual award to those earning under $37,000 a year. Women in Super through its website www.keepsuperfair.com.au has helped 13,000 people send messages of protest to their senators. This campaign estimates … Read more
A return to the stagflation that impacted many developed world economies in the 1970s is a growing fear of Dr Susan Gosling, head of investments at MLC. The 1970s were marked by commodity price spikes, a high US Dollar, bond yields climbing, high unemployment and equities flat lining, as the Dow Jones realised just 5 … Read more
Two of the most experienced analysts in the Australian equities market have warned of some of the most challenging conditions for 20 years. Martin Conlon, head of Australian equities at Schroders, who was speaking at the Frontier Advisors’ annual conference in Melbourne, sees a confluence of negative factors. These include the increasing dominance of financial … Read more
A little understood legal principle could turn your next outsourcing exercise into an expensive headache, says David Galloway, in house lawyer for a leading super fund. By sending out a request for submission or tender document the issuer will almost always create a side contract called a process contract, exposing it to legal action if … Read more
The NZ$25.5 billion NZSuper (AUS$23.6 billion) is intended to reduce the tax burden on future taxpayers to fund New Zealand Superannuation, the retirement benefit paid to eligible citizens by the Federal Government. The government is not scheduled to make withdrawals from it until 2029-30 and the fund will peak about the same time today’s four … Read more
The superannuation system is “condemned to fail” if it isn’t overhauled and made consistent with the aged pension by providing lifetime benefits rather than lump sums, warns a new Deloitte report. The Federal Government and the industry should be tasked with moving super to an annuitised and more flexible system or leave Australians woefully underfunded … Read more
Investors are going to find it harder and harder to place large sums of money with recommended Australian equity and small cap managers, according to Frontier Advisors. Many of the firm’s favoured managers are closed to new clients due to capacity constraints with their strategies, with some also closed to new cash-flows from existing clients. … Read more
Super funds are taking a step back to review the original purpose of insurance within super, in a bid to recreate a sustainable and relevant offerings for members, says AIA Australia’s newly appointed chief executive Damien Mu. Funds are responding after seeing insurance premiums rise from the third or fourth biggest cost to members, to … Read more
Sunsuper is one of a few industry superannuation funds declaring itself unafraid of a liberalisation of the default awards system. Graham Heilbronn tells BRENDAN SWIFT why he is confident. Sunsuper director Graham Heilbronn doesn’t want to rail against other sectors of the superannuation industry like some of his colleagues. Instead, he’s more than willing – … Read more
Equip is targeting retired ex-members in self-managed super funds (SMSFs) with its new MyPension product and also hopes to offer it on a white-label basis to others. In its first major product launch since MySuper, Equip has focused on meeting the needs of the high proportion of members in its fund who are approaching retirement … Read more
Investors should look beyond the largest hedge fund managers for diversification and lower fees, according to BlackRock Alternative Advisors. In a presentation to investors in Sydney and Melbourne, Mark Woolley, managing director at BlackRock Alternative Advisors, said fees as low as 1.2 per cent in annual management charges and 12 per cent of returns were … Read more
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In-depth interviews with leaders, experts and visionaries in the institutional investment community
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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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