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.
Superannuation funds are tapping into a global research project to find a new form of long-term investment management. The Thinking Ahead Institute is pooling feedback from a group of 31 international fund managers and pension funds to help create the structure for a long term mandate that has scale, low fees and ultimately gives members […]
Ross Jones, deputy chairman of Australian Prudential Regulation Authority, has an unswerving belief in the good that MySuper is bringing. Finding others who agree with him is hard. Leading industry figures spoken to for this article take a more jaundiced view. They say, if anything, compliance has held up funds’ plans to innovate and bring […]
A limited range of asset classes held for the long term with little change in managers has generated 10-year average returns of between 7 and 9 per cent per annum for Commonwealth Bank Group Super’s investment options. Its returns and fees have won a steady trickle of awards, but the fund has not sought the […]