REST credits insurance rethink as they scoop top fund award

REST Super scooped Super Fund of the Year, in large part due to pioneering a new insurance offering for members said Damian Hill. The chief executive of REST Super said the fund had put a greater focus on members’ future income cover rather than Total Permanent Disablement (TPD), at the ceremony last night. “We had … Read more

QSuper wins pension fund of the year

QSuper has been chosen as Pension Fund of the Year for the second year running at the Chant West | Conexus Finanical Super Fund of the Year awards. QSuper was shortlisted alongside Asgard’s Infinity eWRAP Pension and Colonial First State’s FirstChoice product. After accepting the award Rosemary Vilgan, chief executive of QSuper spoke about her … Read more

LUCRF to offer free SuperStream services to employers

Greg Sword the outgoing chief executive of LUCRF has revealed how his fund is arguably the best prepared in the industry to take advantage of SuperStream changes. The fund’s Blue Door powered administration system has its own Gateway and clearing house and will offer the service free to all employers that use it when SuperStream … Read more

Academic study favours smaller fund managers

A desire for diversification is diluting the best ideas of active managers, shows a study carried out by Professor Ron Bird, a director of the Paul Woolley Centre. A study of stocks held by US mutual funds from 1995-2012 has led Bird to the conclusion that many would be better off sticking to their best … Read more

Risks are multi-faceted and evolving: Litterman

If Robert Litterman were a CIO of a public pension plan he would not try to hit an “unrealistic return target”. There is a serious problem with US public pension funds and the “unrealistic commitments and unrealistic return targets” they have set, says Robert Litterman, co-developer of the Black-Litterman Global Asset Allocation model and risk … Read more

AIST viewpoint: the impact of pensions at 70

Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees weighs up the impact of pensions at 70 Retirement is about people and policies must work to improve the lives of all, not just those whose work/life experience neatly tracks the actuarial forecasts. While many of us will indeed be living longer and be … Read more

Capital provider: a profile of David Hartley

David Hartley, chief investment officer of Sunsuper, talks about the exclusive unlisted asset deals his fund is entering into, as banks curb the amount they are lending. There is a view that a mid-sized fund has optimal economies of scale and stealth in manoeuvre and the ability of anything larger to outperform is dulled. But … Read more

Investment governance is the new black

The question of who makes the investment decisions needs to move to the top of superannuation fund agendas believes Fiona Trafford-Walker director of consulting for Frontier Advisors. “Expect internal governance to become the new black,” she told delegates at the Fiduciary Investors Symposium at Lilianfels, Blue Mountains. She identified the challenges for funds face as … Read more

ESG rethink can add 40 basis points per month: Hermes

Rigorous Environmental, Social and Governance (ESG) management can deliver an extra 40 basis points per month according to Saker Nusseibeh, CEO and head of investment at Hermes Fund Managers. “Where it [ESG] really matters for performance is in consistently avoiding bad governance. You can add 40 basis points per month… Per month!” Nusseibeh told a … Read more

Think before jumping back into EM: Sunsuper

Don’t expect economic growth to translate into emerging market equity returns: that’s the warning from one of Australia’s investors as stock valuations begin to look more attractive. Joshua Bloom portfolio manager of Sunsuper described the five years up to 2003 as “quite special” and a boom that could not go on indefinitely into the future. … Read more