Super Council to deliver equitable outcomes

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

Partnership creates global events network

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

Inhouse target: zero to $40 billion in 4 years

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

Opposition to kick-start annuity market

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

Funds keep cool in super tax heat

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

Risk standards: keep them simple

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

How to trust a trustee

Magazine editors from time immemorial have used the simple device of listing 10 things – 10 ways to lose weight, to pay off mortgages, achieve better orgasms, discover the best ciders, harness the real you, and so on – simply to keep readers from dozing off and tuning out. Whether there’s any science to it, … Read more

Cass creates principles for DC model

As almost every market in the world looks to move from defined benefit to some sort of defined contribution model, academics at the Pensions Institute of the Cass Business School, City University London have developed a set of 15 principles for designing a defined contribution model. The principles, consistent with the recently published OECD guidelines, are based … Read more

Media Super wary of SMSF grab

Retail advisers placing clients into self-managed superannuation funds (SMSFs) have come under fire from Media Super chief executive Graeme Russell. In his first week on the job, Russell told IM that industry funds are seeing members being rolled out into SMSFs despite meagre savings, and industry has to take note. “Every fund’s seeing people being … Read more

Industry questions GetUp! super campaign

A new video campaign by advocacy group GetUp! criticising the tax concessions afforded higher income earners has drawn a mixed response from the superannuation industry, with some questioning the accuracy and validity of the message. On its website, GetUp! is calling for the public to sign up for “fairer super”, with a video that says a … Read more

FEAL launches industry mentor program

The Fund Executives Association Limited (FEAL) has launched a mentoring program, drawing on the experience and expertise of industry leaders. The initiative, in partnership with Franklin Templeton Investments, is a platform for senior industry executives in superannuation to guide the next generation of leaders. Executives who have signed up to offer mentorship include the chief … Read more