New Actuaries president calls for hike in Age Pension age

The Federal Government could remove the disincentives for people to remain in the workforce and help tackle the challenge of longevity by scrapping the income test and increasing the Age Pension age, according to the Institute of Actuaries. With longevity posing challenges for superannuation fund members, Trevor Thompson, the Institute’s new president, said such moves … Read more

QSuper beefs up investment committee, searches for first CIO

The $20 billion QSuper has bolstered its investment committee with three high-profile professionals, among them a former boss of its funds management arm, Queensland Investment Corporation. In February the public sector fund announced that Michael Rice, executive director with Rice Warner actuaries, who is well versed on superannuation product design and experienced in running asset … Read more

QSuper beefs up investment committee, searches for first CIO

The $20 billion QSuper has bolstered its investment committee with three high-profile professionals, among them a former boss of its funds management arm, Queensland Investment Corporation. In February the public sector fund announced that Michael Rice, executive director with Rice Warner actuaries, who is well versed on superannuation product design and experienced in running asset … Read more

Investment nous was a must in State Super CEO search

The chair of one of Australia’s largest super funds, State Super NSW, said that investment expertise was a major criteria in the selection of its new chief executive. Chris Durack, most recently the general manager of the internal investment teams at Challenger, started at the $30 billion-plus closed defined benefit fund for NSW public servants … Read more

Investment nous was a must in State Super CEO search

The chair of one of Australia’s largest super funds, State Super NSW, said that investment expertise was a major criteria in the selection of its new chief executive. Chris Durack, most recently the general manager of the internal investment teams at Challenger, started at the $30 billion-plus closed defined benefit fund for NSW public servants … Read more

Mercer-Callan tie-up to create alternative assets kingmaker

Mercer Investment Consulting will create a new global head of alternatives research position as part of its acquisition of US consulting partnership Callan Associates. Mercer announced last month plans to merge the investment consulting businesses of the two firms in late March, making Mercer the largest investment consultant in the US. Tony Cole, business leader, … Read more

Mercer-Callan tie-up to create alternative assets kingmaker

Mercer Investment Consulting will create a new global head of alternatives research position as part of its acquisition of US consulting partnership Callan Associates. Mercer announced last month plans to merge the investment consulting businesses of the two firms in late March, making Mercer the largest investment consultant in the US. Tony Cole, business leader, … Read more

PASL restructures, slashes investment management fees

Paul KessellProfessional Associations Superannuation Limited (PASL), the $1.2 billion industry super fund, has overhauled its investment strategy, streamlining the investment options across its three divisions and reducing investment management fees by around 60 per cent.

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