Industry funds claim 6 of 10 highest-paid super CEO jobs

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.

Performance drives $1 million-plus salaries for super CIOs

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.

Chair remuneration reflects complex political and governance climate

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.

Ditching finance stereotypes key to recruiting women to investment teams

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.

Super sector celebrates political win on paid parental leave

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.

Super fund assets flow to social housing after slow start

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.