QSuper has segregated $10 billion in assets held for members in retirement to capitalise on greater tax efficiencies. The change is expected to lead to asset re-weightings to take advantage of the absence of capital gains tax for pension assets. It is also part of a general move to optimise outcomes for different cohorts of … Read more
Over 13 years of writing about pensions the graph below is one I have barely seen, but over the last few weeks it has popped up three times. Twice it was used to illustrate post-retirement product innovation and once on TV to illustrate a point about the benefits of people retiring at 70 instead of … Read more
Some of the most influential people in the group insurance space met in Sydney in March to discuss the sustainability of the sector. The group discussed initiatives to limit lawyer-led insurance claims and to improve data standards. The superannuation member who makes a total and permanent disability (TPD) claim through a lawyer and ends up … Read more
Cbus is to undertake an examination into the potential impacts on its members of shifting the pension age to 70. The fund has 700,000 members in the building, construction and allied industries, many of whom find it hard to continue manual work until their sixties. David Atkin, chief executive of the $22bn fund, said that … Read more
The diversity of Chinese equity portfolios is to increase when the number of companies accessible to foreign investors doubles at the end of 2014. The China Securities Regulatory Commission and the Securities and Futures Commission is to allow international investors access to companies listed on the Shanghai stock exchange, where previously they were limited to … Read more
Australia has the opportunity to lead the world in post-retirement products and export its know-how, according to Moshe Milevsky, the internationally renowned author and academic from Canada. The finance professor at York University in Toronto, who is an author of several books on retirement income, spoke at the Association of Superannuation Funds of Australia Investment … Read more
Australian investors are being urged to increase their exposure to Chinese and Indian credit, owing to imminent political change, low default rates and high yields. Corporate emerging market debt represents only 5 per cent of the BofA Merrill Lynch Global Corporate Index, but AXA Investment Managers has double this exposure in several of its strategies. … Read more
The finalists of the Chant West/Conexus Financial Super Fund Awards have been announced by the research house Chant West. The fund ratings firm has named finalists across 10 categories, including Super and Pension Funds of the Year. Those nominated for Super Fund of the Year are AustralianSuper, CareSuper, Equip, HOSTPLUS, MLC, Plum, QSuper, REST, Sunsuper, … Read more
Anne Whittaker joined the Australian Catholic Superannuation and Retirement Fund (CSRF) as chief investment officer in the momentous month of October 2008, just as the global financial crisis (GFC) was hitting full swing. “Everything went down and you couldn’t hide anywhere,” she recalls. The GFC ended up producing two years of negative returns for CSRF … Read more
Michael Wyrsch has been tasked with reducing Vision Super’s investment costs as part of his new role as chief investment officer of the $7 billion fund. Wyrsch, who will start at the Victorian local government fund on June 2, is currently a senior investment consultant at Frontier Advisors, a role he has held for 16 years. … Read more
A week after trustees of industry funds were warned that without a brand strategy they would not survive the ‘medium term’, NGS Super has unveiled a new detailed brand, motto and manifesto. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees gave the stark warning to delegates in his opening address to CMSF, … Read more
The Global Financial Crisis (GFC) never happened in income terms. That’s the new finding from QSuper that’s causing it to rethink the way it communicates to members. Brad Holzberger chief investment officer at QSuper, has described the find as “astonishing”. “If we’d known this, we would’ve communicated it very differently to members at the time,” … 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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