The better use of technology and social media could help super funds increase their engagement with members, the ASFA conference in Sydney was told last week. Don Hess, managing director of product services at JP Morgan Retirement Plan Services, said that “data smarter” communications could be harnessed to initiate conversations with members on the “adequacy” … Read more
The head of infrastructure at the $80 billion Future Fund has cited regulatory risk in Europe and the United Kingdom as reasons to be wary about infrastructure investment in the region. Dr Raphael Arndt, the Future Fund’s head of infrastructure and timberlands, told the Association of Superannuation Funds of Australia (ASFA) conference this week that … Read more
Citibank has flagged an aggressive approach to expanding its custody and administration business in Australia next year after rolling out its global administration platform to offer an integrated solution to the local market. David Russell, the Hong Kong-based managing director and regional head of Citi’s securities and fund services business in the Asia Pacific, was … Read more
I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. You can always judge a conference by its catering, I always say, and while it may not have been gourmet standard I was impressed with the pragmatism behind the choices at the Association of … Read more
Mercer’s Peter Promnitz to retire Mercer’s Head of Asia Pacific, Peter Promnitz, will retire from his role at the end of the year and take up a role as an independent non-executive director. Promnitz has led Mercer’s Asia Pacific business for the last 5 years, having held the role of Australia/New Zealand CEO for a … Read more
Long-term incentive (LTI) schemes for Australian executives are driven by “caution and conformity” and the one-size-fits all approach needs reform, according to a research paper from funds manager BlackRock. Pru Bennett, BlackRock’s Asia-Pacific head of corporate governance and responsible investment, has studied the LTI schemes used by 148 companies listed on the ASX and found … Read more
Fund trustee group Equity Trustees (EQT) has signed up to independent cross-border network, Calastone, on behalf of its 52 fund managers. Calastone enables funds to send and receive fund-order messages, irrespective of their size or location, in any format over any network. Its real-time order routing is highly automated and provides visible order-flow control for … Read more
Incumbent National Australia Bank Asset Servicing has been reappointed as custodian and investment administrator for OC Funds Management. The re-appointment is for a five-year term, following on from what is already a seven-year liaison. The decision was made after a custody review, with OC’s market manager Sam Cole saying the “depth and strength” of the … Read more
Pauline Vamos is chief executive of the Association of Superannuation Funds of Australia (ASFA). Ahead of ASFA’s 50th anniversary conference this week, she tells IM Online about the organisation’s heritage, and its future role in a changing superannuation landscape.
Mitchell Stack, director of debt investments at the Future Fund, is leaving to join Bain Capital’s Sankaty Advisors, which manages some of the fund’s high-yield investments. Stack joined the Future Fund in 2007 from US bond firm, Western Asset Management, and has built the debt team within the Future Fund. Boston-based Sankaty manages just under … Read more
Writing life insurance for those who suffer mental health issues has long been a vexed area, but insurers and the health sector are working to put minds at ease, reports JEREMY CHUNN. Life insurance is something almost all Australians would happily admit to knowing very little about. For the 3 per cent who suffer enduring … Read more
QANTAS Super continues to innovate on implementation efficiency, applying a new structure for managing its Australian and global equities centrally, which is expected to save its members more than $9 million a year. Chief investment officer of the $6-billion fund, Andrew Spence, said the move was the latest in a number of innovative solutions employed … 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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