default fund

Hedge Funds

QSuper to merge accumulation and decumulation phases

QSuper will start managing default members’ investments through, instead of to retirement within the next few years. Speaking at an IMCA seminar in Sydney, Brad Holzberger, chief investment officer of QSuper, revealed it had always been the fund’s intention to do this, but its first goal had been to launch its accumulation cohort strategy in […]
Hedge Funds

Harnessing member data

Despite being a sector which has always been required to maintain data on its members (i.e. customers), superannuation funds have been slow to embrace data analytics. Part of the reason for this is that administration systems designed primarily to record basic member data have typically not been flexible enough to readily provide more valuable information […]
Governance

The incrementalist executive – Kevin O’Sullivan

The timing of Kevin O’Sullivan’s appointment is auspicious. A technocrat, an actuary and a maintainer of outsourced schemes at Russell Investments, he has arrived after most of the work around Stronger Super had been put in place at UniSuper. Well placed to do the assessments around product development, he would appear to be chosen for […]
Opinion

The misguided idealism of Arthur Sinodinos

There are many reasons to applaud the discussion paper issued by Treasury on better governance and transparency in superannuation, but its ownership by someone without an in-depth knowledge of retirement planning is worrying. That Arthur Sinodinos, the minister for financial services and assistant treasurer, also has a background in banking and thus a clear bias […]
Policy and Regulation

MySuper: on time, biding time

First State Super’s chief operating officer Graeme Arnott is concerned at the amount of MySuper regulations that remain unresolved as the launch date approaches. However, he has pledged to take the fund’s MySuper product live on July 1, unlike funds such as Sunsuper, which is delaying the launch of its products to more easily comply […]
Investment Strategy

Segmenting member investments

QSuper has begun segmenting member investments according to age and account balances, in what it is heralding as the end of an era of one-size-fits-all default funds. Rosemary Vilgan, chief executive of QSuper, believes this approach matches best practice globally, meets new higher duty of care standards for MySuper and is being closely looked at […]
Unintentional

First Super: two chairs, one goal

Allan Stewart and Michael O’Connor may be on either side of the employer/union divide but when it comes to issues of superannuation, they are as one. The two are co-chairs of the First Super industry fund, with Stewart the employer representative and O’Connor, who is also national secretary of the Construction, Mining, Forestry and Energy […]