Will insurance make the
difference in MySuper?

Insurance was emerging as a potential differentiator as funds and financial services providers design their MySuper products, according to speakers at the AIA-Conexus Financial Group Insurance Summit in October. Damian Hill, chief executive officer of REST Industry Super, told the summit that his fund was “looking to take advantage” of the opportunity to include innovative insurance options in its MySuper product. Insurance was part of the … Read more

Board diversity helps emerging-market penetration

A study by AXA Investment Managers of Europe’s top 50 companies shows that those with a greater percentage of board members from emerging market economies source more of those revenues from those markets. Matt Christensen, AXA’s Paris-based head of responsible investment is in Australia to launch a new environmental, social and governance (ESG) framework for … Read more

Default super remains uncompetitive: FSC

The Productivity Commission has failed to recommend an open, transparent and competitive superannuation system, according to the Financial Services Council (FSC). “This report is a bitter disappointment and a missed opportunity,” chief executive of the Financial Services Council, John Brogden said. “Default superannuation will remain the domain of the industrial system. Twenty years on, nothing … Read more

AXA chief cautions against growth strategies

Craig Hurt, chief executive of AXA Investment Managers in Australia, says he is concerned at some of the growth strategies the large Australian superannuation funds are using as they look for growth in a flat investment landscape. Speaking to I&T News last week – as part of the cover story for the upcoming edition of stablemate … Read more

Castlereagh is feeling his age

I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. Not only has my gout flared up again after a big week on the lunch circuit, but I’m scratching my head and wondering if the financial world is passing me by. Here’s the thing. I’m … Read more

Sevior’s Airlie selects custodian

Former Perpetual stock-picking guru John Sevior’s new venture, Airlie, has selected RBC Investor Services to provide a range of investor services including custody, unit registry and fund administration. Headed by Sevior and former Treasury Group managing director David Cooper, Airlie began formal operations in September after getting the tick from regulators. “We have chosen RBC … Read more

New head of equities at Mason Stevens

Independent investment management firm Mason Stevens has announced the appointment of Jack Chemello as head of equities. Chemello joins the firm from BT where he held a range of senior positions including portfolio manager of the BT Imputation Fund. In the new role, Chemello will oversee all aspects of developing Mason Steven’s equities business,and will … Read more

Instos hungry for listed infrastructure

Institutional investors had shown strong interest in listed infrastructure over the last 18 months as competition for unlisted infrastructure has hotted up, according to Peter Meany from Colonial First State Global Asset Management (CFSGAM). Meany is CFSGAM’s head of global listed infrastructure, and told a media briefing this week that his flagship fund had seen … Read more

Insourcing an opportunity, says Neuberger Berman

Insourcing of investment teams by Australian superannuation funds is an “opportunity, not a closed door” for US fund manager Neuberger Berman. George H Walker, the chairman and chief executive officer of New York-based Neuberger Berman, is in Australia this week to meet with clients and told I&T News his firm was working with several Australian … Read more

Sunsuper charity event breaks own record

Sunsuper chief executive Tony Lally can be forgiven for being a little saddle sore this week. Lally, a cycling Olympian for Ireland at the 1980 Olympics, rode 200km on the weekend as Sunsuper sponsored a record-breaking charity ride to raise funds for the Chris O’Brien Lifehouse project at Sydney’s Royal Prince Alfred Hospital. A total … Read more

AIST survey reveals how trustee members see future

“What keeps you up at night” might be an expression which is overdone in some industries with little change, but you could never say that  – right now anyway – about Australian superannuation. For all our success in creating, inside two decades, the world’s fourth largest fund management industry – around one third of it … Read more

Funds need a benchmark

Cbus is to be applauded for showing the way in transparency, with its latest annual report disclosing more information about the fund’s investments, director and executive remuneration than ever before. It’s clearly a leader and should be recognised for this; it takes courage to jump ahead of the pack when there is no compulsion to … Read more