Chant West

Investment Strategy

The impact of reinsurance on product design

Over the past few years several direct insurers and reinsurers have exited the superannuation market in Australia over high claims and concerns over poor data, which has done little to help the reduced but still persistent life underinsurance gap. This exit has caused a lack of capacity, particularly reinsurance capacity, and is the biggest problem […]
Investment Strategy

Rehabilitation becoming preferred alternative to TPD

Group insurance needs to move away from total and permanent disability (TPD) lump sum payment to income replacement and rehabilitation, a variety of insurance experts agree. There is a desire, coming from multiple quarters of the industry, do this as it is more sustainable for business and gives a better outcome to members “Rather than […]
Policy and Regulation

Ken Marshman’s riposte to Grattan Institute report

An alternative set of proposals for reducing costs and boosting competition to those in the Grattan Institute Super Sting report, were presented by Ken Marshman, chair of REST Super at the AIST ASI conference in Alice Springs. In a stirring and strident presentation which avoided an outright confrontation with Jim Minifie, the author of Super […]
Hedge Funds

Kinetic Super stands figures on their head

Kinetic Super has defended its cost structure from analysis which shows it having the highest operational costs of all superannuation funds as a proportion of member assets. Megan Bolton, chief executive of the super fund for whom many members do contract work and often accrue small member balances, says costs have come down by a […]
Unintentional

Group Insurance Summit 2014 – Wrap Up

Superfunds and consultants call for hybrid TPD/IP insurance cover Funds, insurers and consultants are calling for the creation of an insurance product that sits half way between TPD and income protection. Read more… Funds can make impact in cutting chronic diseases Australia has reached a tipping point in obesity which compels change. Read more… Bernie Ripoll and […]

Six ideas for sustainable group insurance

On August 20, those responsible for providing group insurance through superannuation will meet in Sydney to discuss ways of making it more sustainable. Here are some of the ideas that will be aired. 1 The industry must work together to find answers The survival of group insurance depends on funds, trustees, regulators and insurers working […]
CIO profiles

Profile: Dr Susan Gosling, head of investments, MLC

Susan Gosling and her team of five asset allocation specialists quantify risk in terms of how much their funds and end investors could lose if any one of 55 possible economic scenarios occurs. Funds are then stress tested under those scenarios and their asset allocation is modelled around it. It’s a point of differentiation as […]
Policy and Regulation

ASIC: super “fee inconsistencies” not good enough

The Australian Securities and Investment Commission is urging superannuation funds to draft their own set of fee transparency guidelines ahead of its own updated guidance issued today. The regulator is targeting non-disclosure relating to investment in underlying investment vehicles, incorrectly disclosing fees net of tax and inconsistent disclosure of performance fees. Such inconsistencies have left […]
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