I&T News talks to Tony Freeman, head of global industry relations for Omgeo, about regulation, cross-border trade, underinvestment in middle offices and the Australian market. To find out more about administrative issues at Conexus Financial’s Investment Administration Conference, click here.
Stronger Super reforms and the push for scale have driven an alliance between global asset manager Russell Investments and administrator Link Group. Russell and Link will join together to offer superannuation funds an integrated investment and administration platform, with Russell contracts passed over to Link along with 130 Russell employees. Link will take on the … Read more
The ASX is greatly changed in recent times. Now it is a public company listed on its own exchange and is no longer the regulator of the country’s equity and derivative markets. One little monopoly it is likely to hang on to for a while yet is that of clearing, with the decision from the … Read more
Former Australian Institute of Superannuation Trustees chief executive and long-time superannuation advocate, Fiona Reynolds, has criticised the recent outcry over the Labor government’s proposal to increase tax on superannuation earnings for higher income earners. The proposal has led to fierce debate in Parliament and industry, with Labor being accused of “class warfare” in the House … Read more
A focus on product innovation is proving fruitful for industry fund HESTA Superannuation, which last year introduced HESTA Income Stream, a default strategy that de-risks over time. “One of the things we’ve really identified is that members are looking for a strong default option in the income-stream space,” says Debby Blakey, deputy chief executive at … Read more
New research from Mercer shows Australia’s after-tax retirement benefits are among the least generous when compared globally. The paper, Tax and Superannuation: Benchmarking Australia against the World’s Best Retirement Systems, also revealed that Australia’s concessional contribution caps, which Mercer says encourage long-term saving, are relatively low by global standards. The study, conducted from December 2012 … Read more
Conexus Financial recently hosted a farewell for Fiona Reynolds at Quay Bar in Sydney, as she departs AIST as CEO to take up the role of managing director of UNPRI, based in London. Watch our summary video below and for photos of the event, click here. For a full transcript of Fiona’s speech, click here.
It’s not primarily a matter of cost. In Australia’s near-saturated custodian marketplace, superannuation funds have hit the spotlight on custodians’ primary service offerings and relationship engagement as they go out to tender. Jo Townsend, general manager of investments at REST Industry Super, says the fund felt it was “appropriate to go back to basics” in the … Read more
The global reforms to the trading, clearing and settlement of over-thecounter (OTC) instruments have been well published and there is a pleasing level of industry awareness over both the requirements and the likely implications to business operations. However, many consequences of the reforms are yet to be fully identified and there is the risk that … Read more
Tony Freeman uses a motoring metaphor to explain the complex relationships between back, middle and front-office IT solutions in a period of major global change. “There is a big dichotomy, where the investment is upfront and not at the back,” says Freeman, who is visiting Australia in his role as global head of industry relations … Read more
Tony Freeman uses a motoring metaphor to explain the complex relationships between back, middle and front-office IT solutions in a period of major global change. “There is a big dichotomy, where the investment is upfront and not at the back,” says Freeman, who is visiting Australia in his role as global head of industry relations … Read more
Only 15 per cent of the world’s assets under management had been fully outsourced to investment administrators, creating a growth opportunity for global custodians. Joe Antonellis, Boston-based vice chairman of State Street, says that a combination of regulatory change, a push for transparency and continued asset diversification is creating a need for “major administration system … 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.
