QSuper has partnered with Challenger to offer a new guaranteed-term annuity, the first for the superannuation fund and exclusive to its members. The product, which is available to members through QSuper or its financial planning business QInvest1, will provide a very competitive earning rate on term annuities, according to Michael Pennisi, chief strategy officer at … Read more
The first of the MySuper licences have been authorised by the Australian Prudential Regulation Authority (APRA), enabling licencees to offer their products from July 1, 2013. Sunsuper was the first superannuation fund in Australia to receive its licence for Sunsuper for Life, Lifecycle Investment Strategy; Cbus announced its authorisation for Growth (Cbus My Super) shortly … Read more
Allan Stewart and Michael O’Connor may be on either side of the employer/union divide but when it comes to issues of superannuation, they are as one. The two are co-chairs of the First Super industry fund, with Stewart the employer representative and O’Connor, who is also national secretary of the Construction, Mining, Forestry and Energy … Read more
A central, if often overlooked feature of Australia’s super funds is that they have, for a very long time, worked closely with external service providers in their pursuit of world best practice. In relation to custody and securities services, this is a very sensible approach. The scale, geographic reach, and massive investment in technology of … Read more
In the third part of our Maverick Series video, chairman of the Future Fund David Gonski shares his views on how best to deal with conflict of interest and the composition of boards.
A year ago, in early 2012, the global economy was healing gradually. Growth rates in the developed world and some emerging markets were well below the long-term averages, if not actually negative. Investor confidence was fragile, with sentiment overshadowed by concerns over the banking system and public finance in the euro area. So, what has … Read more
In the so-called Year of Big Data, the “custodian of the future” is already here and working in the Australian market, according to Northern Trust country head, Rohan Singh. Singh, whose firm has $140 billion under custody and administration across Australasia, says that custody has already changed from a commodity to a value-added service, and … Read more
There is growing concern about government regulation among fund managers globally, a recent survey by Towers Watson has revealed. According to the annual Global Survey on Investment and Economic Expectations, fielded in November to December last year, more than half the investment managers surveyed see government intervention as the most relevant issue over the next … Read more
Colonial First State Global Asset Management (CFSGAM) has launched a new objective fund targeting Australia’s retirement market. The CPI Plus Fund targets a return of the CPI plus 4.5 per cent over a rolling five-year period, and addresses longevity issues by offering a perpetuity solution. Head of CFSGAM’s global investment solutions group, Joe Fernandes, says … Read more
Rohan Singh, managing director and country head of Northern Trust in Australia and New Zealand, talks to I&T News about the role of the custodian and how they can differentiate themselves.
In order to be bullish about their businesses, most investment managers need to take a long-term view. Globalisation, which involves the further integration of financial markets and economies, should promote the growth of pools of organised savings over the next decade or two. Because of ageing populations in developed and developing countries, demand for retirement-savings … Read more
Boston-based investment manager Eaton Vance, which established a new Australian office late last year, has launched a global equity fund in the Australian market targeting institutional investors. Eaton Vance is offering the Eaton Vance (Australia) Hexavest All-Country Global Equity Fund, which is managed through the firm’s new 49-per-cent interest, Montreal-based manager Hexavest. Industry superannuation fund, … 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.
