Superannuation funds can play a key role in improving medical health care in Australia and closing a $20-billion hole in national productivity, according to a former government adviser. Speaking at a CommInsure | Conexus Financial seminar in Melbourne, John Mendoza, director of ConNetica and former chair of the National Advisory Council on Mental Health, said … Read more
The latest round of legislation aimed at overhauling the system has been a challenging period for super funds which have been focused on launching low-cost default MySuper products, overhauling back office transactions through the SuperStream measures, while also improving governance and disclosure. Three-quarters of super fund chief executives recently surveyed by the Financial Services Council … Read more
NGS Super has appointed Mary Jane Fallon as its first ever chief investment officer in a role that will see the $5-billion fund take a more dynamic approach to avoiding risk and capturing opportunities. Fallon, who is leaving Energy Industries Superannuation Scheme and will join NGS Super at the end of this month, will be … Read more
Former Sunsuper chief executive Tony Lally was paid more than $811,000 in remuneration in his final year at the fund. The $24-billion fund’s 2013 financial statements show him to be one of the industry’s highest paid executives. The average fund chief executive received a 5.7 per cent pay rise to $333,087 in 2012-13, according to … Read more
Christian Super’s chief investment officer has expressed a desire for his fund to follow QSuper in taking responsibility for individual members’ sequencing risks. Until now, few chief investment officers have publicly shown any support for the path taken by QSuper, which has placed members over 58 years old with balances of more than $300,000 into … Read more
CareSuper has awarded two $100-million mandates to GMO and Wellington in an effort to shift its absolute return portfolio to a more defensive position. The $7.7-billion fund has awarded just over $100 million to the GMO Multi-Strategy Trust and just under $100 million to the Wellington Global Total Return Fund in the past month, according … Read more
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
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
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
There is no doubt that Australia is ideally placed to play a significant role in the future growth and development of the Asian region. There are very few people who would disagree that Asia, in general terms, is set to become an increasingly key global power in financial and economic terms, and Australia should be … Read more
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
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
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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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