Leaving his post at the $38-billion fund, First State Super chief investment officer Mark Sainsbury has announced his retirement from financial services. No direct replacement has been announced, but former Perpetual group executive of income and multi-sector products, Richard Brandweiner, will be taking up the position of director of investment services next month. Sainsbury reflects … Read more
Following Elana Rubin’s departure as chair of AustralianSuper, chief executive Ian Silk has commended her contribution. “We are very disappointed to lose Elana as chair,” Silk said. Rubin, who was a board director of AustralianSuper for seven years, of which she was chair for six, is currently not giving any clue as to what her … Read more
Some people love change. Many resist change as an unwelcome reshaping of their pleasant personal landscape. Others reckon you have to wrestle with it, even if you don’t like it. They make the most of their efforts to improve things. Put me in the first and third categories. We groan and grumble that governments and … Read more
There has been increasing demand for equity indices in Asia. This is because global investors want to benefit from the region’s growth, and consequently from its financial markets. As many US and Europe-based investors do not have the expertise to conduct stock picking in Asia, equity investments are often passive for Asian-oriented portfolios. Therefore, the … Read more
The date July 1, 2013 is a significant one for the superannuation industry in Australia for a couple of reasons. While it marks the commencement of Stronger Super, it also sees the departure of the man who has overseen its inception. About a week and a half ago, it was announced by the deputy prime … Read more
New statistical data collections that form part of new Stronger Super requirements will now be phased in from 2014, says Australian Prudential Regulation Authority deputy chair Ross Jones. The exception will be superannuation funds with MySuper authorisation. “The reporting framework is still not completely finalised. There’s still work to be done, for example, on the … Read more
Women in Super has welcomed the government’s proposed Council of Superannuation Custodians, to be established in association with a Charter of Superannuation Adequacy and Sustainability. Announced as part of the swathe of changes the Gillard government ushered in this month, the council and charter are intended to assess future policy and provide reports to Parliament, … Read more
Conexus Financial, the financial services media and events company and publisher of investmentmagazine.com.au, has formed a partnership with the New York-based World Pension Forum (WPF) to create a major international conference business catering to the world’s largest institutional investors. Conexus will apply its events management expertise and experience to enhance existing WPF events – three … Read more
If everything continues on schedule, the $60-billion AustralianSuper will begin testing its new internal investment-management systems this month, with a view to managing its first money in house in the third quarter of 2013. Within four years the fund expects to manage as much as $40 billion in house, funded primarily from cash flow, and … Read more
If elected in September, shadow treasurer Joe Hockey says he will encourage the issuance of longer dated government debt in a move to kick-start an Australian annuity market. Longer term index-linked government securities would create a good match for the risk a financial services company takes on when it promises to pay a retiree a … Read more
Teenagers are more likely to suffer from depression if they see their parents arguing often. In a Cambridge University research paper published late last year, it was claimed that those who witness frequent arguments and possess a gene making them more sensitive are significantly more likely to become depressed. The findings are important but hardly … Read more
In addressing new compliance standards for risk, QANTAS Super has increased the scope of its trustee liability insurance. The move is one of a range of measures to comply with the new prudential standards framework. The insight from Hugh Loughrey, head of legal, risk and compliance for the fund, was made at an Association of … 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.
