The advent of MySuper has led to a convergence in fees between non-profit funds and actively managed retail funds. Chant West’s Super Fund Fee Survey shows fees for non-profit funds increasing from 97 to 101 basis points on average, while fees for actively managed retail funds have fallen from 146 to 132 basis points. The … Read more
Providers of post-retirement products are seeing soaring growth in assets under management as the number of baby boomers entering retirement grows. Challenger saw a 38 per cent growth in fixed term and lifetime annuities for the six months to the end of December 2013. Colonial First State, the leading provider of allocated pensions, has seen … Read more
AustralianSuper is to renegotiate its group insurance on an annual basis, a move leading figures in the sector believe will become the norm for other superannuation funds. The appetite for writing new group insurance business has shrunk after one of the three big reinsurers, RGA, stopped pricing any new TPD business, while Swiss Re is … Read more
Unisuper has added an IT specialist to its leadership team in recognition of the important role it plays in the creation of new products and the delivery of Stronger Super compliance. The move is an initiative of new chief executive officer Kevin O’Sullivan who wants more energy put into product development following several years focusing … Read more
“The Actuaries Institute would like to see retiring Australians have increased choice in relation to the retirement income products they are offered and considers the removal of current impediments to product innovation as an essential element of such a review, as well as ensuring that appropriate safeguards are in place to protect consumers and safeguard … Read more
The independent investment consultant David Bell is to become the first chief investment officer of AUSCOAL Super. One of his key tasks will be to fine tune the $7.9 billion fund’s lifecycle strategy and to create a pension product for members, whose average age is 42 – though many retire at 55. Based in Sydney, … Read more
Super funds could join the big four banks as a major lender to Australian companies over the next few years. The impact of Basel II reforms, which require banks to hold greater amounts of capital for their riskier loans, has encouraged banks to seek partners for certain loans which have come up for re-financing since … Read more
Will super funds be better off with more independent trustees? The government thinks so. David Rowley asked the industry their thoughts. Sub-optimal superannuation funds pose a threat to national finances. This is a key starting point for those that urge change to fund boards. The belief runs that with national debt spiralling, the government cannot … Read more
The Australian Institute of Superannuation Trustees (AIST) has signed a three year extension to its media partnership with Conexus Financial. The arrangement covers exclusive distribution at key events for Investment Magazine and digital sister www.investmentmagazine.com.au, including CMSF and ASI and the only daily news at CMSF, the largest and leading conference on the annual calendar … Read more
Four individuals have been recognised by the Australian Custodial Services Association (ACSA) for outstanding contributions to custody and investment administration. The 2014 ACSA award winners are: Marian Azer, head of global funds services, product for J.P. Morgan Investor Services Australia and New Zealand Daniel Cheever, vice president and head of superannuation of State … Read more
APRA came under fire from speakers at the Investment Administration Conference for the cost and impractical nature of much of the compliance with new regulation. On a panel session on the subject of Stronger Super held in Sydney on February 12, APRA general manager Greg Brunner, heard of the stress that compliance was causing for … Read more
Trustees are being swamped with information from fund managers, says the Australian Prudential Regulatory Authority (APRA), which has called for more streamlined reporting to help. Greg Brunner, general manager APRA, told delegates at the 17th annual Investment Administration Conference in Sydney that fund managers should be helping trustees cope with the increased compliance they were … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
