The outgoing chief executive of Media Super, Graeme Russell, has criticised the Coalition for waging a war on industry funds, but he is optimistic about the future of industry-specific and mid-size superannuation funds.
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 […]
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, […]
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 […]
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.
One of Australia’s oldest corporate super funds has created a new position of manager, member services and communication, and a well-known administration BDM has bounced back from retrenchment to take it up.
GESB has split its non-core assets into three new risk buckets as it adopts a more risk-aware approach to its investments, and has invested in private equity secondaries through its private markets program.