Investment Strategy

QSuper pension take up grows year-by-year

A sharp uptake in QSuper members choosing its pension product has coincided with the provision of greater flexibility to tailor drawdown. Since December pension payments can be increased annually in line with inflation, while limits on switching and minimum withdrawals have been removed. Members who are invested across several investment options will now also have […]
Investment Strategy

Challenger puts deferred annuity on ice

Challenger is to delay the launch of its deferred lifetime annuity (DLA), after the government said it wanted a review of all post-retirement products before awarding them tax breaks. Earlier this year the Labor government had announced that the income from DLAs would receive a concessional tax break from July 1,  2014. Challenger had planned […]
Investment Strategy

First State Super no longer a traditional investor

First State Super will see its internal investment team rise from 12 to around 22 people over the next six months as part of a push for a more dynamic approach to opportunities. The broader internal expertise is intended to help make smarter decisions on strategic asset allocation and in the choice of fund managers, […]
Hedge Funds

VicSuper starts stress-testing system

VicSuper is introducing a stress-testing system for its assets that will help manage risk on idiosyncratic allocations, such as its recent tailored fixed-income portfolio. Last year the fund moved from a passive index allocation to a tailored, global fixed income index, created with index provider, Barclays, and its principal fixed income manager, BlackRock, to reflect […]

DisabilityCare Australia is not income replacement

Group insurers need to understand the provision of the national disability insurance scheme and how it differs to their offerings, says Dr Ken Baker, chief executive officer of the National Disability Service. “I think it’s important that the group insurers understand in what sense this is an insurance scheme and what sense it isn’t. “This […]
Hedge Funds

Super funds struggle to engage members

The statistics speak for themselves. More than half of Australia’s superannuation members are not engaged. Eighty per cent go into their super’s default investment option at sign up – and stay there. Funds are constantly looking for new ways to get members more involved with their super. They spend significant time and resources developing communications […]
Hedge Funds

Global restructure for State Street

State Street Global Advisors (SSgA) has undergone a significant restructure, including a number of senior leadership changes, in a bid to position it for growth and product development. Head of Asia Pacific, Lochiel Crafter, will be responsible for Australia, and Rob Goodlad, senior managing director and country head, will leave the firm. Kevin Anderson, the […]