Super cost pressure building

Not-for-profit superannuation funds will struggle to deliver low-cost products to market, despite the government’s intentions with reform, according to Nathan McPhee, chief executive of SuperRatings. “The fee position that industry and not-for-profit funds have held for so long is effectively gone. There’s an enormous cost pressure that’s building in this industry,” he said at AIST’s […]
Hedge Funds

Super funds Green Star savvy

Superannuation fund investors investing in property should be mindful of the increased focus on sustainable features in buildings, according to Anita Mitchell, general manager, sustainability at Lend Lease. Speaking at a Women in Super lunch on ‘Super and Sustainability’ last week, Mitchell said buildings that fail to keep up with sustainability demands will become obsolete, […]
Investment Strategy

Steve Bracks on Cbus growth

Steve Bracks will be stepping down from his role as chair of Cbus to take up the position of Australia’s consul general in New York in September for a three-year term. Bracks was brought in as a director and chair for the $22-billion fund just under four years ago, with Cbus experiencing significant change and […]
Investment Strategy

AUI insto push sparks hiring spree

Australian Unity Investments is looking to hire an institutional BDM and a consultant relationships manager as it ramps up its presence in the institutional market and seeks ratings and platform inclusion for a fund run by one of its Melbourne-based boutique joint venture partners.