Anne-Marie Corboy

Unintentional

AustralianSuper’s CEO enjoys 15 per cent pay rise

Ian Silk, chief executive of AustralianSuper, received a 15.44 per cent raise for the 2014/15 financial year, the greatest increase in pay of a chief executive at a large super fund. CPI for 2014/15 was 1.5 per cent meaning the raise was 10 times more than inflation. His total remuneration package was $805,372 including a […]
Governance

Growing pains: HESTA

HESTA’s 800,000 members are predominately women and members can experience a working history that sees them in both part and full time jobs. This means investment and advisory strategies are tailored to meet the goal of providing retirement outcomes for members who may have low account balances. While low account balances are the norm, the […]
Investment Strategy

HESTA appoints new CEO

HESTA has appointed Debby Blakey as its new chief executive. Blakey was the deputy chief executive serving under Anne-Marie Corboy, who announced her departure as chief executive last September after 16 years in the role. Internally, senior staff at HESTA, had expressed a desire to see Blakey made chief executive. Angela Emslie, HESTA chair, said: […]
Unintentional

Profile of Anne-Marie Corboy: Leaving on a high

Since inception, HESTA has returned more than 1 per cent above its benchmark: 8.86 per cent versus 7.1 per cent and Anne-Marie Corboy cites such strong long-term returns to members as one of her greatest achievements. She’s also proud of a somewhat unique default insurance that the fund was able to maintain throughout the MySuper […]
Hedge Funds

HESTA to cut investments in thermal coal

HESTA, the super fund for health and community services, is to progressively implement a restriction on investments in thermal coal. It will not make new investments in unlisted companies that derive more than 15 per cent of revenue or net asset value from exploration, new or expanded production, or transportation of thermal coal. In addition, […]
Investment Strategy

Anne-Marie Corboy to leave HESTA

Anne-Marie Corboy is to leave HESTA at the end of February 2015 after serving 16 years as chief executive of the $29 billion fund. Corboy, who also sits on the boards of the Utilities Trust of Australia and Netball Australia, is now seeking to develop a portfolio of non-executive directorships, but is not ruling out […]
Policy and Regulation

Campaign to save LISC gathers momentum

Pressure on the coalition government to reverse its decision to scrap the low income superannuation contribution (LISC) is growing from two campaigns to preserve the annual award to those earning under $37,000 a year. Women in Super through its website www.keepsuperfair.com.au has helped 13,000 people send messages of protest to their senators. This campaign estimates […]
CMSF

Women vulnerable in SMSFs

Those wishing to enter into a self-managed superannuation fund (SMSF) should have to meet a minimum balance under legislation, says HESTA chief executive Anne-Marie Corboy. Speaking at last week’s CMSF in Brisbane on the panel discussion A Long Way to the Finish Line, Corboy (pictured below) said women in particular are vulnerable when signing on […]
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