MySuper: cause and effect

Ross Jones, deputy chairman of Australian Prudential Regulation Authority, has an unswerving belief in the good that MySuper is bringing. Finding others who agree with him is hard. Leading industry figures spoken to for this article take a more jaundiced view. They say, if anything, compliance has held up funds’ plans to innovate and bring […]
Hedge Funds

Andrew Fairley Q&A

Andrew Fairley, chair at Equipsuper and lawyer at DLA Piper, was one of the first in the legal profession to carve out a superannuation practice specialty after he identified a gap in advice to super funds. How did you move into the superannuation space as a lawyer? I got into superannuation in 1978 because I saw it as […]

SMSFs no threat to super funds

Self-managed super funds are more likely to contract than expand over the next decade, making them no threat to superannuation funds, says Equipsuper chair and superannuation lawyer at DLA Piper, Andrew Fairley. He believes predictions that numbers will increase dramatically are unfounded. “If I look over the next 10 years, I think we’re going to […]

Super sidles up to social media

Industry funds are taking to social media engagement, but an aversion to risk and leaner resourcing means Australian funds still lag behind other countries. An analysis of the social media footprint of 34 super funds shows that only approximately one-third of funds have a searchable social media presence, with levels of engagement varying significantly. “There’s […]

Super fund fusion

Mergers can benefit superannuation funds: favourable mandate structures, terms and fees can be secured; co-investments or direct investments in unlisted assets can be made; more money to allocate becomes available in a capital-constrained world; and capital-gains-tax credits can be used to offset future profits from domestic stocks. What can go wrong? Funds don’t agree on […]

Joint working groups
secure super mergers

The government’s decision to formalise capital-gains-tax rollover relief to help super funds merge removes a key obstacle for those organisations looking to join forces with others. However, even with this change, merging two super funds is no walk in the park. Just how challenging the process can be was highlighted in late May when Equipsuper […]
Hedge Funds

Equipsuper to manage
futures in-house

Staff at the $4.6-billion Equipsuper could start making tactical investment bets through futures contracts by the end of the year. Equipsuper’s seven-person investment team aims to begin making investments in all asset classes by using futures based on major stock and bond market indexes by December. The contracts would enable the fund to place trades […]
People Moves

Equipsuper advice push starts with ex-AIA man

Equipsuper wants to strengthen its financial planning unit under a newly appointed boss, Justin Sadler, a former AIA Financial Services executive. Sadler, who started work at the $4.6-billion industry fund on July 9, will oversee the advice delivered by its financial planners and the expansion of the team beyond five people. He led about 80 […]