Capital raising made visible

Few will dispute that fairness should be fundamental to share markets. A level playing field is necessary to inspire the confidence of all market participants. Yet the traditional off-market placement – now alarmingly considered the default capital-raising option by many companies – often prejudices existing shareholders that aren’t major clients of investment banks. As a … Read more

FEAL chief steps down

Michael Baldwin is stepping down as chief executive of the Funds Executive Association Limited (FEAL) after 12 years with the organisation. In his time as chief executive, Baldwin established the superannuation industry’s first master’s degree in leadership, in partnership with Melbourne Business School, founded a mentoring initiative and several international scholarships. He is leaving to … Read more

“Online shopping” at Catholic Super

The $5-billion Catholic Super Fund has signed a deal with retail research house, Lonsec, to become the latest industry fund to offer a direct investment option to its 70,000 members. Catholic Super’s new platform, which is built on technology by OneTrust, will be available to members next year and will cost $25 per month plus … Read more

The diminishing role of agents

I’ve always been frustrated by interviewing consultants and the lack of conviction they have about their decisions. “What would your ideal model portfolio look like?” I constantly ask. “It depends on the client” is the predictable and consistent answer. That may be valid, even true, but it speaks to a wider problem. Consultants are hired … Read more

Improve mental health at work

Hear leading health specialists and super fund representatives speak on ways to improve mental health in the workplace in a live webcast in the afternoon of Monday, October 14. Mental illness is a significant contributor to increasing insurance claims and the webcast is aimed at proposing methods that can reduce this rise. The event, created … Read more

Motor super head: Leeanne Turner at MTAA

Leeanne Turner started working in public service pension schemes before the superannuation guarantee charge was made compulsory and has seen most of the big changes since then first hand. One of the most significant was at the Commonwealth Superannuation Scheme, which in her time switched its control from a commissioner to a board of trustees. … Read more

Dynamic asset allocation at AMP and SSgA

The ability of dynamic asset allocation to enhance return and reduce risk in volatile markets was questioned at our most recent Investment Management Consultants Association (IMCA) seminar in Sydney. Nader Naeimi, head of dynamic asset allocation at AMP Capital, and Mark Wills, head of investment solutions at State Street Global Advisors (SSgA), both described their … Read more

Indonesia last destination for funds

For his first international trip since becoming prime minister, Tony Abbott has taken 20 business leaders representing sectors such as banking, finance, agriculture and infrastructure to Jakarta, but super funds see better opportunities elsewhere in Asia. Consultants, fund managers and superannuation funds say that the research has not been undertaken on Indonesia and there are … Read more

ACSI a testing ground for Australian business ideas

Super fund corporate governance know-how is increasingly being used by Australian companies to test commercial ideas, according to Gordon Hagart,  head of environmental, social and governance (ESG) risk management at the Future Fund. Hagart, pictured right, was speaking in advance of assuming the role of chief executive of the Australian Council of Superannuation Investors (ACSI) … Read more

A letter to Tony Abbott

Dear Prime Minister In January 1999 you gave a highly persuasive speech about the folly of Australia swapping its current constitution for an unproven model. In the speech, which appears in a book entitled Men and Women of Australia, our greatest modern speeches, you recognised that the current constitution had some alarming incongruities, but for … Read more

SMSF segment set to grow

Industry superannuation funds can’t stem the loss of members to self-managed superannuation funds with their current range of sub-par retirement income solutions, according to Russell Mason, superannuation partner at Deloitte. According to Deloitte’s sixth biennial report, The Dynamics of the Australian Superannuation System 2013-2033, the SMSF market will reach $2.23 trillion by 2033, of which … Read more