disclosure

Investment Strategy

Treasury needs to open up on portfolio disclosure

The Treasury still has much more detail to provide on portfolio disclosure requirements before it can be viewed as workable, according to Unisuper’s head of investment law and compliance. Luke Barrett, who is responding to the Better Regulation and Governance discussion paper from the Treasury, is working with the Law Council of Australia’s superannuation committee […]
Unintentional

Two views of super system integrity: is it an A or a C+?

Two recent reports have delivered very different views of the Integrity of the Australian superannuation system. The 2013 Melbourne Mercer Global Pension Index (the Index) gives the Australian retirement system an A in its integrity sub-index, while Morningstar’s 2013 Global Fund Investor Experience Report rates Australia as a C+.  So, who’s right? In both reports, […]
Investment Strategy

Member activism on the rise

Funds should start preparing for a steady growth in member activism over investments before portfolio disclosure requirements come into force on July 2014, says Danielle Press, chief executive of EquipSuper. While the numbers of members targeting funds is low, the impact could be greater owing to the way replies to questions are being posted online. […]
Hedge Funds

The diminishing role of agents

I’ve always been frustrated by interviewing consultants and the lack of conviction they have about their decisions. “What would your ideal model portfolio look like?” I constantly ask. “It depends on the client” is the predictable and consistent answer. That may be valid, even true, but it speaks to a wider problem. Consultants are hired […]
Hedge Funds

David Neal talks up hedge fund value

The Future Funds’s chief investment officer has given testament to the role of know-how gained from retained hedge fund managers in the success of its dynamic-asset-allocation strategy. In a presentation to the seventh annual Conexus Financial Absolute Returns conference in Melbourne, David Neal emphasised the value added by hedge funds as a contrast to some […]
Industry View

Disclose and flourish: AIST

As part of an overhaul of Australia’s $1.5-trillion retirement savings sector, super funds are heading into a new era of disclosure and transparency. Draft regulations released last month reveal the depth and extent of information that the industry regulators want Australian super funds to disclose to their members and the wider public. As one corporate […]
Policy and Regulation

ASIC strategy: targeted surveillance

The Australian Securities and Investments Commission (ASIC) will be taking a targeted surveillance approach to how superannuation funds undertake intra-fund advice, with particular regard to disclosure and transparency. The focus falls under the regulator’s facilitated-compliance approach as My Super kicks in at the beginning of July, according to Gerard Fitzpatrick, senior executive leader for investments […]
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