REST Super is among the funds likely to fall short of the government's new performance benchmark even though its MySuper product also stands to be one of the major beneficiaries of the proposed ‘stapling’ changes.
George Fishlock is the chair of AvSuper and well known by members in the tight-knit industry of air traffic control services. Investment Magazine reports on what a close relationship with a membership can enable a fund to do. Walking around the Airservices Australia building at Melbourne Airport, the hub controlling flights over half of Australia’s airspace, many […]
The chairs of AvSuper and CareSuper say proposed legislative changes to superannuation boards will increase risk to a sector that has not experienced wide-spread issues with governance. While the chair of UniSuper, who is an independent, was more reticent in his criticism he too foresaw problems with changing the size of boards – a necessary […]
AvSuper has extended its financial personal advice service to provide a full in-house financial planning service to members. The $2 billion fund appointed three fully qualified and licensed financial planners last month to serve its 6,500 members in air services (including pilots, air traffic controllers and those working in the airside fire service). They are […]
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 […]
The aviation industry-based superannuation fund AvSuper has awarded a $75-million mandate to Perpetual Investments, to be managed in a concentrated Australian equity strategy. AvSuper has about $1.4 billion in funds under management and 6100 members. The concentrated equity strategy is managed by Paul Skamvougeras, who says the concentrated equity portfolio typically holds about 30 stocks. […]