First Super

Custody

First Super appoints BNP Paribas Securities Services

BNP Paribas Securities Services has won its second major client from NAB Asset Servicing in three months after it was appointed to act as custodian and administrator for $2.2 billion First Super. The $3.9 billion TWU Super appointed BNP in December and both funds have cited concerns over meeting increasing regulatory demands around investment performance […]
Governance

Cyber crime threat to superannuation

In a bid to protect members’ data and money from hackers, First Super is considering the practicality of completely isolating its member database from the internet. Under its plan, no terminal that can access the master database will be connected or connectible to the internet. This might seem far fetched and some in the industry […]
Hedge Funds

Cate Wood Q&A

Currently Australian Institute of Superannuation Trustees president, deputy chair of CareSuper, a director of property fund ISPT, chair of Women in Super, and a member of the Australian Capital Territory treasury investment advisory board. She speaks to Amal Awad about why super fuels her passion. How long have you been in superannuation? Since the mid-1990s. […]
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 […]
Hedge Funds

First Super pulls out of News Corp

The “belligerent” attitude of News Corporation boss Rupert Murdoch towards governance reform has prompted First Super to exit its investment in the global media company, the first time the fund has ever screened out any company from its portfolio. Michael O’Connor, chairman of the $1.7-billion First Super, told IM Online that the fund had been […]
Investment Strategy

First Super invites Tony Abbott to board meeting

First Super, the $1.6 billion fund, has invited Tony Abbott to attend its board meeting in March or June to give the leader of the opposition experience of how employer-employee industry superannuation fund boards work. First Super co-chair Alan Stewart says the invitation to the opposition leader came about as a result of Abbott’s criticism […]