You’d never actually shed a tear for private equity managers, but it’s hard not to sympathise with them a little of late. They’ve been downweighted by no less an authority than The Future Fund, their fiduciary fund champions continue to slide down the performance pop charts, and Watson Wyatt released an entire report detailing, in a nutshell, how they ought to be paid less. “The basis upon which a manager sets its management fees must be reconsidered.
No respect for privacy
You’d never actually shed a tear for private equity managers, but it’s hard not to sympathise with them a little of late. They’ve been downweighted by no less an authority than The Future Fund, their fiduciary fund champions continue to slide down the performance pop charts, and Watson Wyatt released an entire report detailing, in a nutshell, how they ought to be paid less. “The basis upon which a manager sets its management fees must be reconsidered.
Costello finds super ‘tinkering’ very taxing
The Rudd Government’s recent cut in the co-contribution rate was designed to garner revenue and ongoing legislative changes to superannuation would undermine Australians’ confidence in the system, Peter Costello, former federal treasurer, told last month’s SuperRatings Day of Confrontation In his last public address before retiring from parliament last month, Costello targeted the federal government’s changes to contribution limits and the co-contribution scheme, arguing that year-to-year changes would ruin Australians’ perception that super is a reliable long-term investment.
Costello finds super ‘tinkering’ very taxing
The Rudd Government’s recent cut in the co-contribution rate was designed to garner revenue and ongoing legislative changes to superannuation would undermine Australians’ confidence in the system, Peter Costello, former federal treasurer, told last month’s SuperRatings Day of Confrontation In his last public address before retiring from parliament last month, Costello targeted the federal government’s changes to contribution limits and the co-contribution scheme, arguing that year-to-year changes would ruin Australians’ perception that super is a reliable long-term investment.
Funds alerted to need for, and rewards from, DIY engagement
Superannuation trustees should try harder to prevent members’ money being pumped into the inflated salaries of executives and directors of underperforming companies, Dean Paatsch, the director of RiskMetrics in Australia, told Superratings’ 2009 Day of Confrontation last month. Presenting his personal views, not those of RiskMetrics, Paatsch said that despite a few notable exceptions, the industry’s actual engagement with companies fell short of its rhetoric, verging almost on indifference: “We speak far too much and act far too little,” he said. The founding head of the Australian Institute of Superannuation Trustees said he retained his faith in the trustee system, but that judgments about governance, sustainability and risk were still peripheral within it.
Funds alerted to need for, and rewards from, DIY engagement
Superannuation trustees should try harder to prevent members’ money being pumped into the inflated salaries of executives and directors of underperforming companies, Dean Paatsch, the director of RiskMetrics in Australia, told Superratings’ 2009 Day of Confrontation last month. Presenting his personal views, not those of RiskMetrics, Paatsch said that despite a few notable exceptions, the industry’s actual engagement with companies fell short of its rhetoric, verging almost on indifference: “We speak far too much and act far too little,” he said. The founding head of the Australian Institute of Superannuation Trustees said he retained his faith in the trustee system, but that judgments about governance, sustainability and risk were still peripheral within it.
Van Eyk turns 20, plans to celebrate the independents
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van Eyk Research, which is about to celebrate its 20th birthday, is looking to restructure to take advantage of opportunities from the raft of possible regulatory changes heading the way of the financial planning market. Mark Thomas, the chief executive, says there are several structural changes to the industry likely to flow from the three main inquiries currently underway – the Ripoll inquiry into commissions, the Cooper inquiry into superannuation, and the Henry inquiry into tax. One of the main effects is likely to be a back-to-the-future move by large institutions to tied distribution, leaving the independent sector of the planning market to seek out partners and “virtual” support to allow for a vertically integrated client offering.
Van Eyk turns 20, plans to celebrate the independents
Normal 0 false false false MicrosoftInternetExplorer4
van Eyk Research, which is about to celebrate its 20th birthday, is looking to restructure to take advantage of opportunities from the raft of possible regulatory changes heading the way of the financial planning market. Mark Thomas, the chief executive, says there are several structural changes to the industry likely to flow from the three main inquiries currently underway – the Ripoll inquiry into commissions, the Cooper inquiry into superannuation, and the Henry inquiry into tax. One of the main effects is likely to be a back-to-the-future move by large institutions to tied distribution, leaving the independent sector of the planning market to seek out partners and “virtual” support to allow for a vertically integrated client offering.
Aussie help for Standard Chartered carbon cuts
Standard Chartered Bank (SCB) is looking to reduce its energy consumption through an upgrade of its online server consolidation analysis database by an Australian-based company, Ideas International. SCB has adopted Ideas International’s ‘Server Car and Carbon Calculator’ for several of its overseas operations. Ideas International is a Sydney-based listed enterprise IT services firm.
Aussie help for Standard Chartered carbon cuts
Standard Chartered Bank (SCB) is looking to reduce its energy consumption through an upgrade of its online server consolidation analysis database by an Australian-based company, Ideas International. SCB has adopted Ideas International’s ‘Server Car and Carbon Calculator’ for several of its overseas operations. Ideas International is a Sydney-based listed enterprise IT services firm.
Bad communication drives super fund churn – survey
More super fund members are considering switching funds – without consulting a financial planner – as the market downturn eroded trust in fund managers, according to a new survey. Investors are mostly dissatisfied with not getting enough information about costs associated with their super and about the future direction from managers through their regular statements and reports. A survey of 5,600 investors in July by market research firm Investment Trends found that twice as many people do not trust their super fund as those who do trust it.
Bad communication drives super fund churn – survey
More super fund members are considering switching funds – without consulting a financial planner – as the market downturn eroded trust in fund managers, according to a new survey. Investors are mostly dissatisfied with not getting enough information about costs associated with their super and about the future direction from managers through their regular statements and reports. A survey of 5,600 investors in July by market research firm Investment Trends found that twice as many people do not trust their super fund as those who do trust it.
