Steve Bracks will be stepping down from his role as chair of Cbus to take up the position of Australia’s consul general in New York in September for a three-year term. Bracks was brought in as a director and chair for the $22-billion fund just under four years ago, with Cbus experiencing significant change and … Read more
AustralianSuper’s shift to running a third of its assets in house by 2018 will add $180 million to members’ returns, says chief executive Ian Silk, who sees the move as a moral imperative. The fund is setting up internal teams to run Australian equities, property and infrastructure this year and will steadily take on other … Read more
Fiscally challenged Australian governments wishing to maintain credit ratings and increase their cost of capital should consider the untapped resource of superannuation funds, said industry funds offering up to $15 billion for investment over 15 years. A range of government-owned infrastructure assets could be monetised to industry funds, argues a new paper released by Industry … Read more
Breaking the orthodoxy on how to invest default members might seem a risky career move, but Brad Holzberger is not showing any fear. “I do not feel under threat. We have the leadership of our senior management, the support and encouragement of the trustees. If I felt under threat, there is no way we could … Read more
Congratulations to the nine winners of the inaugural Chant West | Conexus Financial Super Fund Awards. The winners were announced on the evening of May 22 at Ivy Ballroom in Sydney and six funds, one consultant and two providers picked up the 10 awards. The winners were chosen after many weeks of deliberation by research … Read more
A greater focus on risk and responsibility has Cbus’ investment team engaging more deeply in the asset allocation process as part of a wider risk strategy. “In the past, it used to be a reasonable excuse to say we have no control over the underlying investments, it’s our fund managers that do [the allocation]. I … Read more
Complying with Stronger Super regulations is a distraction from the more important task of maximising returns, superannuation chief executives have said in a candid discussion with State Street Corporation. The thoughts of chief executives of several major superannuation funds, including QSuper, REST Industry Super, Sunsuper, CareSuper and UniSuper, were gathered at a round table discussion conducted … Read more
The chair of UniSuper, Chris Cuffe, says Labor’s proposed custodian council should be an experienced, independent group with a long-term focus, the members of which should have no commercial interest in the superannuation industry. Cuffe commended the proposals recently announced by Bill Shorten, minister for superannuation and financial services, but said the concept could be enhanced, … Read more
Ross Jones, deputy chairman of Australian Prudential Regulation Authority, has an unswerving belief in the good that MySuper is bringing. Finding others who agree with him is hard. Leading industry figures spoken to for this article take a more jaundiced view. They say, if anything, compliance has held up funds’ plans to innovate and bring … Read more
Currently Australian Institute of Superannuation Trustees president, deputy chair of CareSuper, a director of property fund ISPT, chair of Women in Super, and a member of the Australian Capital Territory treasury investment advisory board. She speaks to Amal Awad about why super fuels her passion. How long have you been in superannuation? Since the mid-1990s. … Read more
Here’s a selection of photographs by Matt Fatches from last week’s Chant West Conexus Financial Super Fund Awards.
The winners of the inaugural Chant West | Conexus Financial Super Fund Awards were announced last night in a ceremony at Ivy Ballroom in Sydney, with more than 300 guests in attendance. Awards were handed out across 10 categories, with the night’s biggest award going to AustralianSuper for Super Fund of the Year. The fund … 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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