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
Award winning Sydney trading-technology company, Zeptonics, has been ordered to cease using its suite of trading products in a Federal Court action brought by former colleagues. The Federal Court’s Justice Michelle Gordon has ruled in favour of another trading-technology company, Zomojo Ltd, which claimed that its former co-managing director and head of research, Matthew Hurd, … Read more
In the first of its Maverick Series, we interview David Gonski, chair of the Future Fund, in a six-part series. Here, Gonski talks about governance and his role as chair. David Gonski was appointed chair of Australia’s $80 billion sovereign wealth fund, The Future Fund, in April 2012 for a five-year term, he is also … Read more
There is more to the China investment story than buying mining stocks such as BHP and Rio as proxies, according to AMP Capital fund manager Patrick Ho. Hong Kong-based Ho is in Australia this week to meet with investors to promote his fund, the $330-million AMP Capital China Growth Fund, which is listed on the … Read more
The $6-billion Barangaroo development on Sydney Harbour was set to be the “Wall Street or Canary Wharf” of Australia and become a new centre for the country’s financial industry, a seminar on the project has been told. Peter Collins, the former New South Wales Liberal Party leader who is the chair of the Sydney Financial … Read more
“Everyone thinks the Australian dollar is overrated, but it won’t crack this year,” says the chief economist of State Street based in Boston, Chris Probyn, giving Australian investors a great opportunity to buy overseas assets. “On purchasing power parity, everyone thinks the Australian dollar is overrated. But markets can stay irrational longer than investors can … 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.
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.
