Danielle Press

Hedge Funds

Two not-for-profit funds cut fees

Kinetic Super and Equip have both announced fee reductions as an early Christmas present to their members. At Equip, a combination of the end of a 0.08 per cent levy to build fund reserves and investment cost efficiencies of 0.07 bps led to a MySuper member with a $50,000 balance seeing their annual fees drop […]
Investment Strategy

The highs and lows of 2015

When we quizzed a group of leading figures and funds to pick their biggest causes for celebration in 2015, the special outcomes from the growing scale and sophistication of the very largest superannuation funds stood out. Where the industry has pulled together on investment fees and product innovation there have been further triumphs. The triumphs […]
Investment Strategy

MyPension product removes behavioural bias in investments

Equip’s MyPension product was designed specifically to reduce risks – including behavioural biases – for the vast majority of its members who would never see a financial planner, delegates heard at an Investment Management Consultants Association seminar. As Australians generally have very little financial literacy it was important to design a product that could be clearly communicated […]
Policy and Regulation

Frydenberg wants discussion on income replacement bracket

Assistant treasurer Josh Frydenberg wants an income replacement bracket to be part of the debate in setting an agreed objective around superannuation. This is part of a broader retirement income policy examination the government is undertaking. The “Holy Grail of reform” is the interaction between taxation, superannuation and pension, Frydenberg told delegates at the Financial […]
Unintentional

Risk officer: a new role for super?

“Financial management in a super fund is not about trying to maximise a profit – it is about minimising costs, expenses and overheads,” says Nick Vamvakas, executive officer risk of Equip, on the old style model for a chief financial officer. The role will always involve operational and compliance duties, but he sees the need […]

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 […]
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