An industry fund initiative that nobody can knock

Michael Bailey

Michael Bailey

As financial services is dragged screaming towards the fee-for-service model, there’s been a lot of malice coming to the surface, not least that directed towards the industry funds, who are already largely there.

That ill-feeling might manifest itself in a cranky response to APRA’s whole-of-fund super performance sta- tistics, as useless as they admittedly are. Maybe it comes out less publicly, for instance by feeding an Australian jour- nalist an erroneous hatchet-job about the Conference of Major Super Funds, confident in the knowledge they won’t bother ringing to check the facts. (We know who you are, by the way.)

Read more

An industry fund initiative that nobody can knock

Michael Bailey
Michael Bailey
As financial services is dragged screaming towards the fee-for-service model, there’s been a lot of malice coming to the surface, not least that directed towards the industry funds, who are already largely there. That ill-feeling might manifest itself in a cranky response to APRA’s whole-of-fund super performance sta- tistics, as useless as they admittedly are. Maybe it comes out less publicly, for instance by feeding an Australian jour- nalist an erroneous hatchet-job about the Conference of Major Super Funds, confident in the knowledge they won’t bother ringing to check the facts. (We know who you are, by the way.)

Read more

Toward an end-to-end process for handling mental health insurance claims

Insurance claims for mental health- related illnesses are more complicated than those for physical injuries. Many of the problems relate to social attitudes toward those with psychiatric disorders. In this gathering of Industry Fund Forum members, legal and mental health experts, and group insurer CommInsure, an attempt is made to identify the extent of mental … Read more

Toward an end-to-end process for handling mental health insurance claims

Insurance claims for mental health- related illnesses are more complicated than those for physical injuries. Many of the problems relate to social attitudes toward those with psychiatric disorders. In this gathering of Industry Fund Forum members, legal and mental health experts, and group insurer CommInsure, an attempt is made to identify the extent of mental … Read more

The end of asset allocation

SEPT09Alternative investment ideas to salvage your portfolio

There’s nothing like a crisis to make an industry question its fundamental beliefs, and poor old Harry Markowitz has certainly been in the firing line since everybody’s asset-allocated, ‘diversified’ portfolios all crashed together in 2008/9.

Does his modern portfolio theory still stack up? What role will alternative assets play in any, ahem, alternative to it? These questions are sure to be fiercely debated at September 8’s third annual Absolute Returns Conference, produced by Conexus Financial (publisher of this magazine).

Diversification ain’t diversification when everybody’s doing it, it seems, and as KRISTEN PAECH reports, some stakeholders are now calling for a more ‘back to basics’ approach, even dragging the old ‘balanced vs specialist’ debate out of the mothballs.


Read more

The end of asset allocation

SEPT09Alternative investment ideas to salvage your portfolio

There’s nothing like a crisis to make an industry question its fundamental beliefs, and poor old Harry Markowitz has certainly been in the firing line since everybody’s asset-allocated, ‘diversified’ portfolios all crashed together in 2008/9. Does his modern portfolio theory still stack up? What role will alternative assets play in any, ahem, alternative to it? These questions are sure to be fiercely debated at September 8’s third annual Absolute Returns Conference, produced by Conexus Financial (publisher of this magazine). Diversification ain’t diversification when everybody’s doing it, it seems, and as KRISTEN PAECH reports, some stakeholders are now calling for a more ‘back to basics’ approach, even dragging the old ‘balanced vs specialist’ debate out of the mothballs.

Read more

Ratings agencies prompt fund to launch pension

A review by external ratings agencies has prompted a Melbourne-based fund to launch an allocated pension as part of a member retention strategy at retirement, while its new insurance arrangements have seen group insurance cover rise by 67 per cent.

Read more

Australian ‘fundamental’ index introduced

Fundamental indexing has received a fillip with the launch of a FTSE index that weights 200 Australian stocks according to the Research Affiliates methodology, which ignores price to focus on ‘fundamental’ factors such as book value, revenue and cash flow.

Read more