As Australia navigates its evolving retirement landscape, looking to the lived experience in offshore markets for insights can be invaluable. Drawing on the US experience, where innovative solutions have shaped retirement planning for over a decade, can offer crucial perspective.
Dr Jim Chalmers outlines his vision to preserve and improve a proud public policy achievement.
Around 11 per cent of HESTA’s membership, or 121,000 individuals, will see adjustments in the number of investment option units they hold in coming weeks, as the healthcare industry super fund looks to rectify a price discrepancy caused by its revaluation decisions during the pandemic.
Minister for Financial Services Stephen Jones is still confident of reforms to broaden access to financial advice despite reports that secret stakeholder consultations over the Delivering Better Financial Outcomes bill were “at risk of collapse”.
Cbus Super has added three new member directors nominated by the Construction, Forestry and Maritime Employees Union, following an independent review by Deloitte found that they passed the ‘fit and proper persons test’.
A fast-changing investment landscape and an ever-growing need to align portfolios with sustainability goals demands a relationship between asset owner and asset manager built on a foundation of innovation, sustainability, and collaboration.
CareSuper and The Meat Industry Employees’ Superannuation Fund (MIESF) have entered into a Heads of Agreement to explore a member transfer into CareSuper.
The UK Chancellor of the Exchequer Rachel Reeves has pledged to turn the nation’s pension providers into Australian- and Canadian-style “mega-funds”, by supercharging consolidation with measures such as imposing minimum size requirements on defined contribution funds. But while there has been a positive link between scale and investment performance in the Australian market, mega funds have their woes and the UK may want to heed the cautionary tale.
Earlier this year a Dutch court found past advertisements by KLM Royal Dutch Airlines misled consumers and “falsely create the impression that flying with KLM is sustainable”. Marketing around the world regarding the sustainability of the aviation industry does seem increasingly at odds with reality.
Morningstar Australasia has hired Eva Cook as director of manager research ratings and new asset class lead in equities for Australia and New Zealand.
REST chief member officer Deborah Potts has resigned from the super fund after a 9-year career with the fund.
In his first major public appearance since the start of the media and regulatory storm engulfing Cbus, chief executive Kristian Fok has strategically defended the fund’s much-scrutinised relationship with the construction union CFMEU, arguing that there has been “incredible value” working with the union, but remained tight-lipped on the nature of any future engagement. He also apologised to members about insurance claims delays, but blamed external administrator MUFG Pension & Market Services for having the bulk of the problems.
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.
