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
HESTA was the top-scoring fund in a survey of member-satisfaction levels carried out by CoreData Consulting, which has highlighted the need for more tailored member communications. Four out of five members (79.5 per cent) surveyed said they were satisfied with HESTA, compared to an average rating of 62 per cent for all funds after respondents were … Read more
Sunsuper has boosted its product division, appointing three senior managers in newly created roles. The division, created last year to centralise the super fund’s product design and management, now consists of 11 staff, with Andrew Nicholson, general manager of product, at the helm. At the head of the fund’s superannuation and retirement products team will … Read more
The Australian Securities and Investments Commission (ASIC) will be taking a targeted surveillance approach to how superannuation funds undertake intra-fund advice, with particular regard to disclosure and transparency. The focus falls under the regulator’s facilitated-compliance approach as My Super kicks in at the beginning of July, according to Gerard Fitzpatrick, senior executive leader for investments … Read more
There are two things that drive the newly appointed global chief operating officer of State Street Global Advisors, Greg Ehret, in his bid to improve the client experience: the retirement business is a cause worth working on and the clients are the reason the business exists. Ehret was appointed to the new position at State … Read more
The Coalition has said it will delay the increase of the super guarantee from 9 per cent to 12 per cent if it wins the September federal election. “The measured change we announced last night helps us fund income tax cuts and pension increases without a carbon tax, which will leave most people better off … Read more
One of the best reasons for investing in infrastructure is the growing interest in the asset class from institutional investors worldwide. United States, British and Asian investors are all looking to grow the amount they put into this asset class and so those who hold the asset class now should benefit from the rise in … 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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