administration

Administration

Superpartners: The journey to Rhodes

“You really should visit our offices in Rhodes”. In a sector renowned for thinning profit margins and risky, expensive product development, the ebullience of Link Group has stood out. So it is little surprise the chief executives of AustralianSuper, Cbus, HESTA, HOSTPLUS, MTAA Super have taken the taxi ride to Rhodes in Western Sydney and […]

Super administrators in a “world of pain”

Gallows humour, exasperation and despair are the natural demeanours of administrators facing SuperStream changes over the next year. Listening to executives in super funds and administrators on the topic of pass-throughs, gateways and error messages at the AIST Superannuation Administration Symposium in Melbourne last week, many used words of dread. The process was going to […]
Custody

ACSA’s stronger super task force win awards

Four individuals have been recognised by the Australian Custodial Services Association (ACSA) for outstanding contributions to custody and investment administration. The 2014 ACSA award winners are: • Marian Azer, head of global funds services, product for J.P. Morgan Investor Services Australia and New Zealand • Daniel Cheever, vice president and head of superannuation of State […]
Custody

APRA lambasted over cost of compliance

APRA came under fire from speakers at the Investment Administration Conference for the cost and impractical nature of  much of the compliance with new regulation. On a panel session on the subject of Stronger Super held in Sydney on February 12,  APRA general manager Greg Brunner, heard of the stress that compliance was causing for […]
Custody

‘Please help trustees on data’, fund managers asked by APRA

Trustees are being swamped with information from fund managers, says the Australian Prudential Regulatory Authority (APRA), which has called for more streamlined reporting to help. Greg Brunner, general manager APRA, told delegates at the 17th annual Investment Administration Conference in Sydney that fund managers should be helping trustees cope with the increased compliance they were […]
Investment Strategy

Small firms favour ‘simple’ SunSuper

Sunsuper is claiming a big growth in small employer clients from searches carried out on Google with the term ‘pay super simple’. The fund appears as the second highest search result for this term, the ranking for which is determined by the popularity of the link and the closeness of the search term to the […]
Custody

More work for superannuation funds to do on costs

Within the Superannuation industry, cost has become a key factor for funds. Legislative reforms now require trustees of MySuper funds to consider whether their scale disadvantages members. This approach of ‘encouraged consolidation’ is premised on the assumption that bigger funds deliver lower costs for members. The focus on costs is important because while investment returns […]
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