downturn

Investment Strategy

Move away from flat super fees, urges Mercer

Industry funds should consider charging more for administration and doing so on a percentage-of-assets basis, to help retain nervous members and to survive any future automatic account consolidation regime, according to Mercer executives Russell Mason and David Anderson. Mason is Mercer’s national business leader for multi-employer superannuation, and Anderson the business leader for outsourcing. There […]
Investment Strategy

Move away from flat super fees, urges Mercer

Industry funds should consider charging more for administration and doing so on a percentage-of-assets basis, to help retain nervous members and to survive any future automatic account consolidation regime, according to Mercer executives Russell Mason and David Anderson. Mason is Mercer’s national business leader for multi-employer superannuation, and Anderson the business leader for outsourcing. There […]
Unintentional

In this month's issue

June 2011 Cover Story ESG inaction: Who voted in Australia’s first climate-change resolution, and why Australia’s first -ever shareholder vote on climat e change, put to Woodsi de Petroleum in April, provided superannuation funds with a prime opportunity to support the sustainability principles that many of them have espoused for years. But at this first […]
Administration

Finance department last bastion of insourcing

Small to medium-sized Australian funds managers have thought of outsourcing most functions, but not typically their finance department – until the recent market downturn put some in danger of breaching their licence, thinks John Williams, the managing director of accounting firm Lumina. Williams’ Sydney-based team runs the accounting and finance areas for several local funds […]
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