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 […]
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 […]
Australian Administration Services (AAS) has made redundant one of its client services roles, as the downturn starts to bite in the non-asset-based parts of the financial services industry.
The last four quarters amount to the worst rolling 12-month performances from superannuation funds since the inception of compulsory super, according to research from SuperRatings.
Private equity returns are holding up, despite their second consecutive quarter in the red, with non-US funds faring better than their American counterparts.
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 […]
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 […]