IMAP’s Census of Managed Account FUM in conjunction with Milliman Australia shows that managed accounts FUM reached $194.8 billion as at 31 December 2023 due to an increase of $33.1 billion in 6 months with growth from both inflows and market gains.
Equity Trustees has appointed Suzanne Holden as a non-executive director to its superannuation trustee business, as it passes the $60 billion funds under supervision (FUS) milestone.
The Conexus Institute’s submission to the Treasury consultation on the retirement phase of superannuation highlights the need for policymakers to pay more attention to designing a choice architecture that leaves no member behind.
CEOs of super and sovereign wealth funds received upwards of $3 million in total remuneration in the 2023 financial year, according to Investment Magazine’s latest analysis based on fund reports and APRA data. CEOs of many of the funds included in the analysis could expect to receive better compensation elsewhere in financial services, industry experts said, but most are tied to the superannuation sector by a sense of purpose.
Superannuation fund CIOs are well paid to perform the task of maximising risk-adjusted returns for their members. New analysis by Investment Magazine, based on APRA data, reveals the pay packages of fund CIOs, and the link between pay and performance.
The task of chairing the board of trustees of a modern, progressive superannuation fund becomes more complex by the year. The remuneration structures of superannuation boards and chairs reflect the realities of the expanding world they operate in.
International Women’s Day has come and gone again, but still the stats are not good. The pay gap still exists, there are still too few women in C-suite positions and women have less savings in retirement. So what are you going to do about it?
Treasury has released a consultation paper on the superannuation performance test, addressing concerns from funds that the benchmarks are restricting their investment choices.
Aware Super’s head of income assets, Sonia Baillie, believes investment teams in super funds are still facing a huge “industry image problem” derived from the masculine Hollywood-style fund manager stereotype. At the fund’s International Women’s Day event, she said getting more women into core portfolio management and trading roles will really “move the dial” on closing the gender pay gap.
The Albanese government has announced it will pay super on taxpayer-funded parental leave, earning praise from executives and lobbyists in the super industry, who have pushed for the policy for decades. But since it may not be implemented until after the next election, and Labor has a track record of backflipping on this issue, some activists and commentators are sceptical it will be delivered.
After a few years trying to spruik their wares to asset owners, the various government-owned and not-for-profit bodies promoting social and community housing are finding some success. The Investment Magazine Real Estate Forum heard whether the market is developing as a viable asset class and reliable source of member returns.
REST has appointed Scott Tully as general manager of product in a bid to enhance the fund’s member offers.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
