How much does an ex-Premier chairman cost?
Brumby said to be on $150K plus to chair MTAA Super. Bracks and Cbus?
Hands off, Barry: NSW public sector fund ringfenced
A major NSW public sector fund has successfully sought amendments from Treasury to its trust deed, which will prevent its accumulation section being sold or amalgamated with any other fund, except by the passage of new legislation.
JPMorgan wins final piece of OnePath backoffice
No pay-per-deal for KPMG consulting arm
Super Cheap Super – Funding Retirement at Bargain Costs
Just over two years from now, the first MySuper vehicle is scheduled to roll down the gangway, and swallow up all the default members of whichever super fund has created it. In building the vehicle, however, many stakeholders worry that ‘low-cost’ will have been too much of an imperative. Where will these cost savings have come from? Talk to member administrators or group insurers today, and they’ll tell you that they have no fat to spare. So funds management costs seem to be the obvious target for this new austerity. MICHAEL BAILEY and SIMON MUME report on how a ‘race to the bottom’ on costs may affect the institutional investment industry.
