The virtues of board independents disputed

There is no empirical evidence that forcing independents on to boards of directors will improve the level of decision-making, a leading academic has told the superannuation industry. The point was made by Sally Wheeler, a professor of law at Queen’s University in Belfast, at briefings held by the Australian Super Funds Association (ASFA) in Sydney […]

DisabilityCare Australia and group insurance

It’s a rare event to have a bill introduced into parliament by a tearful Prime Minister, but the DisabilityCare Australia 2013 bill – which will help pay for the national disability insurance scheme by raising the medicare levy from 1.5 to 2 per cent – had such an auspicious beginning. Watched by disability advocates in the […]
Hedge Funds

Group insurance grapples with change

A combination of greater regulatory requirements, higher data standards and an increasing number of claims in group insurance have caused premiums to rise. According to a recent Conexus Financial/CommInsure roundtable, higher premiums are consequently here to stay. The Prudential Standard SPS 250 requires insurance records going back at least five years, covering claims, membership, the […]

FIS Chair Forum: Michaela Healey video interview

At the recent Conexus Financial Fiduciary Investors Symposium Chair Forum on the Mornington Peninsula, Michaela Healey, group executive of group governance and legal at National Australia Bank, spoke to Investment Magazine about board composition, sub-committees and take-outs from the conference.