Custody tenders sent to market by two large superannuation funds will put their incumbent provider, JPMorgan Worldwide Security Services (JPMorgan WSS), to the test.
Missing one Australia head: Morgan Stanley Investment Management
Morgan Stanley Investment Management is without a country head in Australia following an executive departure, said to be to a competitor.
Fee the difference
Superannuation funds are feeling the pressure – from the government, from members – to keep published fees low or to cut them further. But however low they go, upfront fees do not capture the true costs that members pay. Without an overhaul of the current rules governing fee disclosure, funds’ efforts to meet the demand for low-cost super become futile. SIMON MUMME reports.
Brett Elvish
Fee the difference
Brett Elvish
Perennial hires three, bucks ‘bureaucratic’ BDM sales model
Perennial Investment Partners has recruited three investment specialists to its retail distribution team, entrenching a distribution model diverging from the “old bureaucratic BDM infrastructure”, Brian Thomas, head of retail at the boutique manager, said.
BTIM down to two for new Dirk Morris
BT Investment Management is down to two candidates in its search to replace departed chief executive Dirk Morris, but internal and local aspirants won’t be pleased to find out who they are.
Challenger launches unitised annuity for funds and platforms
Challenger Life, the largest provider of annuities in Australia, has confirmed its unitised annuity product designed as an investment option for big super funds and platforms. Telstra Super asset class head moves to UniSuper
UniSuper’s chief investment officer, John Pearce, has hired one of Telstra Super’s asset class heads to his investment team, although he has played down the role played by Terry McCredden, the former Telstra Super CEO now running UniSuper, in the appointment. Big global equities surge at Future Fund
The Future Fund’s exposure to global equities surged by nearly 50 per cent in the September quarter, with the $60 billion-plus fund also seizing opportunities in debt securities and property as the proceeds from the Telstra sell-down and a reduction in cash holdings were spent.
Thriving in the New World Order
Thriving in the New World Order The 13th Annual Investment Administration Conference FEBRUARY 23, 2010 The region’s premier annual event for the investment administration and custody industry returns once again in February 2010. Sporting an optimistic, upbeat theme, the conference is shaping up to be the best yet and will discuss key industry trends and … Read more
Post Retirement Conference 2010
Post-Retirement for Super Funds Conference April 20, 2010 Taking place over one day only, the Post Retirement for Super Funds Conference, will host a handpicked selection of key industry experts to examine ways in which funds can enhance their offering to help their members, and in doing so, retain them in the decumulation phase.
…as FuturePlus puts transition managers to the test
FuturePlus, service provider to the EISS and LGS Super funds, has appointed a former investment operations manager from Intech to field tenders from transition managers as it determines an arrangement for future mandate transitions.
