Heart of an innovator

Equip is one of the first to bring a post-retirement product, MyPension, to the market, to appoint a women, Danielle Press, from outside the “traditional industry” as CEO, and it has innovated by setting up a unique partnership with AustralianSuper taking on their $700 million defined benefit business. At the centre of this drive is […]

Equip rectifies shortfall of board’s skills

A skills matrix assessment of Equip’s board has identified shortfalls amongst the directors, prompting them to make two new appointees. In the past six months Equip used the global retained executive search firm Heidrick and Struggles to ascertain the scope of skills, whether hard skills, soft skills, generic skills or specific skills, that the board […]

Leadership sets culture…

An organisations leadership sets the culture and thereby its brand, Bob Every, chair of Wesfarmers and Boral, said. Vision, strategy and operating style are the three critical components needed to be utilised by leadership if they want to define culture and build a sustainable brand he said. “Vision is the net presence value of future […]

Super Salary Survey: How do they line up?

Two philosophies dominate superannuation remuneration – those who believe top dollar and bonuses attract the best, and those who believe this is the antithesis of the profit-to-members ethos John Pearce, chief investment officer of UniSuper, was the highest paid employee in industry superannuation in 2014.  In a not-for-profit sector where there is widespread unease at high […]

Super Salary Survey: Differences in Disclosure

What do the explanations for remuneration strategies given by funds reveal? The biggest clichés in super fund remuneration statements are that the trustees consult with independent external consultants to ensure pay is in line with industry standards and that incentive pay for CEOs and CIOs is based on key performance indicators (KPIs). Usually this is […]
CIO profiles

20% of chief investment officers out-earn chief executives

Ten super fund chief investment officers earned more than their chief executive in 2013/2014. Six of these earned more than their chief executive before bonuses, with the remaining four surpassing the chief executive because of bonuses. Jim Christensen, chief investment officer at Telstra Super, out earned his chief executive by $551,515, the greatest difference in […]