industry funds

Balancing social good and maximising returns

Garry Weaven makes the case that not enough has been done in pushing the boundaries on the conflict between maximising returns for members and acheiving a social good If neo-classical economics in its purest version were to be taken seriously, there would be no need to debate the issue of whether socially motivated investment was […]
Investment Strategy

MySuper fee average 1pc-1.3pc, Chant West

The advent of MySuper has led to a convergence in fees between non-profit funds and actively managed retail funds. Chant West’s Super Fund Fee Survey shows fees for non-profit funds increasing from 97 to 101 basis points on average, while fees for actively managed retail funds have fallen from 146 to 132 basis points. The […]
Governance

Government threat to funds downgraded

Reform of industry funds is low on the government’s agenda, according to Peter Collins, chair of Industry Super Australia, despite pre-election threats made by Mathias Cormann. Collins calmed the nerves of delegates at the Australian Institute of Superannuation Trustees’ governance symposium by speculating that the government had at least 50 more pressing issues to deal […]
Hedge Funds

Retail funds to compete on price not diversity

Liquidity constraints and a desire to compete on price is leading retail funds increasingly diverging from industry funds, according research firm Chant West. Warren Chant, director of Chant West, was speaking in advance of a presentation on the 81 MySuper products launched so far at the Fiduciary Investors Symposium in Victoria November 18 to 20. […]
Hedge Funds

Funds hungry for infrastructure

Fiscally challenged Australian governments wishing to maintain credit ratings and increase their cost of capital should consider the untapped resource of superannuation funds, said industry funds offering up to $15 billion for investment over 15 years. A range of government-owned infrastructure assets could be monetised to industry funds, argues a new paper released by Industry […]
Hedge Funds

Online service most highly rated

HESTA was the top-scoring fund in a survey of member-satisfaction levels carried out by CoreData Consulting, which has highlighted the need for more tailored member communications. Four out of five members (79.5 per cent) surveyed said they were satisfied with HESTA, compared to an average rating of 62 per cent for all funds after respondents were […]
Investment Strategy

Super future: SMSF clones, partners

Superannuation funds wishing to stem the self-managed super fund tide should be offering product look-alikes or partnering with financial institutions providing SMSF services, says Russell Mason, Deloitte partner in superannuation. With close to 1 million Australians directing their money to SMSFs, Mason says projections based on today’s activity sees up to three-quarters of the post-retirement-market […]
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