Frontier’s global alliance reaches for rivals

Frontier Advisors is to gain a global reach in its manager research after forming an alliance with a US firm and with the prospect of further deals with consultants in Europe, South America and Asia. It has initially teamed up with North American firm Segal Rogerscasey in a deal that will see it gain access … Read more

Brandweiner: value universal ownership

As the Australian superannuation industry and its large players grow, the industry should be rethinking its role in the system from a longer term perspective, said Richard Brandweiner, newly appointed director of investment services at First State Super. Speaking at last week’s ACSI conference in Melbourne in a session on ESG-themed investing, he said his opinion … Read more

MySuper: on time, biding time

First State Super’s chief operating officer Graeme Arnott is concerned at the amount of MySuper regulations that remain unresolved as the launch date approaches. However, he has pledged to take the fund’s MySuper product live on July 1, unlike funds such as Sunsuper, which is delaying the launch of its products to more easily comply … Read more

We’re all stakeholders, says Hermes CEO

It’s not common to sit in an industry seminar and hear a chief executive utter the words, “Firstly, let me appeal to your hearts”, yet this was the central currency to Hermes CEO Saker Nusseibeh’s keynote at last week’s environmental, social and governance-themed ACSI conference. Addressing a diverse industry crowd, with several major fund CEOs … Read more

Ross Jones reflects on stronger super

Ross Jones believes the world of superannuation is in a good place. “We’ve gone from what was sometimes described by people as well-meaning amateurs to a sophisticated and professional industry in the space of a decade. And that’s something the industry can be proud of,” he says. It is in such a good place that … Read more

Qsuper ups the ante on value

Members of QSuper who use its new mortgage-advice service will receive half of the broking commission from any deal, one of a growing number of innovative offers from banks and funds fighting for market share. The rollout through QSuper’s financial advice arm, QInvest, is likely to be of most benefit to those in their 30s … Read more

Super future: SMSF clones, partners

Superannuation funds wishing to stem the self-managed super fund tide should be offering product look-alikes or partnering with financial institutions providing SMSF services, says Russell Mason, Deloitte partner in superannuation. With close to 1 million Australians directing their money to SMSFs, Mason says projections based on today’s activity sees up to three-quarters of the post-retirement-market … Read more

After-tax outcomes beyond July 1

Superannuation funds delaying after-tax investment compliance should not be neglecting implementation of solutions in the lead-up to the July-1 deadline for Stronger Super, says Raewyn Williams, head of tax consulting at Russell Investments. From July 1 it will be compulsory for superannuation trustees to focus on post-tax outcomes as part of the new Stronger Super … Read more

Cbus doubles investment team

Cbus has appointed Grant Harrison as investment manager of private markets in its move to boost inhouse investment resources. Kristian Fok, executive manager of investment strategy, says the fund is likely to finalise four more appointments in the next few weeks, expanding the analyst team. The additions follow an injection of 15 new staff, the … Read more

The paperless boardroom

The classic board table scene is changing. Where once it featured stacks of board papers, now it’s increasingly common to see a series of iPads instead. It’s a new way of communicating for trustees, as boards transition to universal adoption of mobile devices. It’s easy to assume the move to paperless is entrenched in the … Read more

Andrew Fairley Q&A

Andrew Fairley, chair at Equipsuper and lawyer at DLA Piper, was one of the first in the legal profession to carve out a superannuation practice specialty after he identified a gap in advice to super funds. How did you move into the superannuation space as a lawyer? I got into superannuation in 1978 because I saw it as … Read more

New chair at LGS promises more growth, ESG

New Local Government Super (LGS) chair, Bruce Miller, says the superannuation fund is focused on growth post-global financial crisis (GFC), with the board open to potential mergers and its attention fixed firmly on environmental, social and governance (ESG) investment strategies. Miller, a former Cowra Shire mayor recently elected for a two-year term, said the $7-billion … Read more