ESSSuper, the Victorian state fund with $12 billion in accumulation assets, has rebooted the private equity program it wound up over a decade ago in a bid to boost returns, with chief investment officer Daniel Selioutine telling Investment Magazine that exit pressures in the asset class mean it’s a good time to buy.
Neurologist Professor Matthew Kiernan says a rewarding, fulfilling and dignified retirement has as much to do with what goes on inside a member’s head as it does with money. But with funds conditioned to focus on the financial aspects of retirement, issues such as brain health aren’t getting the recognition or support they need, and members are the potential losers.
Australia has built one of the world’s most successful retirement savings systems. The challenge now is ensuring every Australian can access affordable, timely advice to turn those savings into sustainable income. Achieving that requires coordinated action across policymakers, regulators and industry – and a commitment to treating advice as a public good.
The $370 billion Australian Retirement Trust says that the proposed introduction of a CPI+X benchmark for “emerging asset classes” or the move to a simple reference portfolio in the Your Future Your Super performance test would heighten system-wide risk without improving investment outcomes.
HESTA wants answers from WiseTech on how it will manage the role of executive chair Richard White after reports emerged that the Australian Federal Police are investigating him over human trafficking and visa fraud allegations.
Director tenure limits are embedded in governance codes across every major capital market. As Australian superannuation funds become retirement institutions, they should be held to the same standards that they expect of the companies they invest in.
The narrative around the total portfolio approach is rife with claims about how much performance it can add over the traditional strategic asset allocation model, but Paul Newfield, deputy director of consulting at Frontier Advisors, argued a good governance structure is a more reliable driver of returns than whichever portfolio construction method an asset owner adopts.
For more than three decades, the superannuation system has served members well as they accumulate savings during their working lives. Now funds are grappling with the task of helping members make the best possible decisions to ensure their income lasts long enough so that they can enjoy a dignified retirement. Join editor of Retirement Magazine, Simon … Read more
As super funds work to understand their total portfolio exposure to the artificial intelligence thematic, a complex picture of hidden betas and “attachment points” is gradually emerging. They also need to figure out how to play the same thematic in the “tricky” China market.
Frontier Advisors has locked down a custodian for the outsourced investment service it created through a lift-out of State Super’s investment team and says that it is ready to start shopping its services to the 20-plus targets it has already identified.
One of the major tasks in meeting the retirement challenge is creating more service-led organisations which assist members into an appropriate retirement solution. Default settings do much of the heavy lifting in the accumulation phase. As the situation faced by many retirees is idiosyncratic, most would benefit from a more tailored approach from both financial … Read more
Neither advice nor product innovation alone will deliver the retirement income solutions the Retirement Income Covenant envisages. But delivered together at scale, they can give members the confidence and assurance they need to retire well, the Professional Planner Licensee Summit has heard.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
