NGS Super appoints chair, director
NGS Super has appointed John Battams as its independent chair, starting in the new year and replacing Geoff Newcombe who is stepping down on 31 December 2024.
Quality over quantity on member data for CSC
Modern super funds are hungry for data to improve the member experience but Commonwealth Superannuation Corporation chief customer officer Adam Nettheim says too much data can be a problem rather than an advantage. In developing the fund’s latest Retirement Income Strategy, he says finding the data points that actually matter is a big challenge.
Batten down the assets for a volatility storm brewing
Cross-sectional volatility in equity markets may be at an all-time low, but an Investment Magazine roundtable has heard that the frequency and severity of shocks has never been higher. In this environment, investors must be braced for the possibility of a volatility storm just over the horizon.
Vale Greg Bright, father of Australia’s financial trade press
Veteran journalist, publisher and entrepreneur Greg Bright has died aged 70. Bright was a founder of Conexus Financial, publisher of Investment Magazine, Professional Planner and Top1000funds.com. He also created and managed a range of other titles in a career spanning more than four decades.
BUSSQ seeks judicial review of APRA action over CFMEU
Queensland-based super fund BUSSQ has sought a judicial review in the federal court regarding APRA’s recent decision to impose additional licence conditions on the fund.
AMP CEO says super fund key to comeback story
AMP chief executive Alexis George has rejected any suggestion of further “divestment plans” following the sell-down of its financial advice businesses earlier this month. George tells Investment Magazine that the company’s retail super business is increasingly competitive and a key plank in her strategy to turn around AMP’s fortunes.
Landmark climate disclosures bill passes Senate
Investors can expect more standardised climate information from large Australian listed and unlisted companies in the new year, after a Treasury amendment bill that sets out mandatory climate risk disclosure rule passed the Senate on Wednesday. While initially beneficiaries of the rule as investors, super funds will face the same responsibilities after a phase-in period.
Industry welcomes paid parental leave super contribution bill
Major super funds and industry peak bodies have welcomed the introduction of the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 into Parliament.
Former Future Fund CIO on sources of TPA outperformance
Asset owners with a total portfolio approach have outperformed those with strategic asset allocation by 1.8 per cent per annum in the past decade, according to recent research, but even that number sounds like an underestimation to Sue Brake, the former chief investment officer of Future Fund who is now an independent consultant. As funds face a paradigm shift in the investment environment, TPA emerges as a valuable tool to implement their purpose.
High and low-fashion business models committing big ESG faux pas
The world’s largest luxury fashion group LVMH and the world’s largest ultra-fast fashion group SHEIN may occupy opposite ends of the fashion spectrum but both have their business models and ESG credentials under the spotlight.
SMSF Association appoints policy manager
The SMSF Association has appointed Keddie Waller as policy manager to bolster its advocacy and policy work for government reforms impacting the SMSF sector.
REST changes investment menu
Industry fund REST has reduced the number of options from 15 to 9 on its investment menu.
