ASX

Policy and Regulation

One year, not four, to prepare for super governance changes

Board’s will need to submit an approved and detailed transition plan to APRA by July 1, 2016 on how they intend to comply with the new, and as yet undefined, requirements for governance, including whether current directors can be considered independent. Many experienced people in superannuation will likely not be classed as independent leaving a […]
Governance

Boards urged to focus on strategy, not implementation

A greater focus on strategy and asset allocation rather than smaller matters is a simple step for boards and investment committees to improve fund performance, delegates at the Conexus Financial Chair Forum heard last week. Discussing the relationship between good governance and investment performance, chair of the investment committee at Equip Super, Andrew Pickering, said […]
Investment Strategy

FSC members to have majority of independents by June

The Financial Services Council (FSC) has asked its retail superannuation fund members to have a majority of independent directors on their boards by the end of this financial year. The FSC defines independence as an individual not employed by the fund, its associated companies and material service providers either now or in the previous three […]
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