This article contains the views of AMP, Mercer, ASIC, Frontier Advisors and Michael Drew professor of finance at Griffith Business School on the subject of target date funds. Three to four million Australians are about to embark on a very exciting experiment. They are to choose a date when they envisage finishing work and then … Read more
The first stage in the potential merger of all three prominent Tasmanian based superannuation funds drew a step closer after Quadrant and Tasplan agreed merger talks. The two funds are to enter into a Heads of Agreement to investigate whether a merger would create an improved provision of superannuation services to the members and employers … Read more
State Super is to gain the economies of scale of sharing a common administration platform, due diligence, manager appointments and reporting with TCorp and the Safety, Return to Work and Support Division. The NSW treasurer and the minister for finance and services have announced the merger of activities to gain greater cost efficiencies for each … Read more
CBUS has gained a 97 per cent approval rate from members for statements which confront them with an estimate of their income in retirement in today’s dollar value. The building industry fund conducted the exercise with 20,000 members to raise awareness that taking the lump sum was not the only option on retiring. Since the … Read more
Sunsuper is expanding its investment team to help it take greater advantage of investment opportunities. The fund, which runs $28 billion in assets, is increasingly using its size to negotiate exclusive partnership deals with fund managers to purchase property, loans, infrastructure and private companies. Currently around 29 per cent of the fund is invested in … Read more
The most significant suite of changes to privacy law in over twenty years take effect on 12 March 2014. In order to comply trustees must have a privacy complaints process and a new type of privacy policy. Most importantly they must control how the personal information they collect is stored, accessed and used, or risk … Read more
The culture of performance and fee comparison that the MySuper product dashboard will bring about in the coming years, poses a grand opportunity for funds to advertise their relative successes. The Australian Securities and Investment Commission is closely watching for any misleading product comparisons, it would prefer if funds did not emphasise short term performance … Read more
The cost of Stronger Super compliance and product development has led Media Super to cut the role of chief investment officer. Jon Glass left the fund on Monday and the responsibility for the $3.8 billion investment portfolio will be assumed by chief executive Graeme Russell, who in his time at First Super also acted as … Read more
Sunsuper has increased the size of its investment team to 18 with the appointment of Lounarda David to the newly created role of investment operations manager. She joins from Mercer and will be responsible for reviewing the $26 billion fund’s risk management, performance reporting, unit pricing, custody operations, document management, legal and tax. David Hartley, … Read more
In QSuper’s bid to create mass personalisation of retirement outcomes it has created 36 different types of communication for members. Speaking at the Post Retirement Conference in Sydney, Michael Pennisi, chief strategy officer at QSuper, revealed how an attitudinal survey, along with age and gender had helped create the profiles. “With each of those profiles … Read more
John Brogden has asked politicians to think the unthinkable on post-retirement reform. Speaking at the annual Post Retirement Conference in Sydney, the chief executive officer of the Financial Services Council called for a rise in the preservation age to “at least” 62, a convergence of pension age and preservation age, restrictions in the ease with … Read more
Energy Super is offering to give self-managed super fund advice to members it sees at most risk of leaving to manage their own investments. Ben Moles, manager of member and employer services at the fund, told delegates of the Post Retirement conference in Sydney, if the fund was involved in the process of members leaving … 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.
