Array
9:00am - 9:05am

Welcome

Rates, regulation and redistribution are all increasing. Are investors entering a new regime of higher inflation and volatility? What impact does this environment have on valuations, particularly as central banks reduce their influence? What investment style is most conducive to this market regime?
Alternative strategies can be incredibly useful as a flexible tool to solve risk and return problems, but they are largely under utilised by asset owners in Australia. Alternative strategies form a key part of the Future Fund’s portfolio toolkit. This session examined how the use of hedge funds and alternative strategies has evolved over time for Australia’s sovereign wealth fund.
Market inefficiencies can erupt due to temporary supply and demand imbalances, regulation, information asymmetries and market psychology among other reasons. This session explored how to exploit these opportunities in a market-neutral manner.
Managing a portfolio during a bull run is easy. The challenge comes in protecting clients during severe market downturns. What does the design and implementation of portfolios that can withstand market surprises look like?
Prior to joining Blackstone, Joe Dowling led Brown University’s endowment fund, as chief executive and previously a chief investment officer. Over trailing three, five, and 10-year periods, Brown endowment is placed in the top ventile of its peers, according to data maintained by Cambridge Associates. This session drew on his experience to discuss the lessons learned for using hedge funds to enhance long-term risk-adjusted return.
The Your Future Your Super (YFYS) reforms challenge the use of absolute return funds. In this exclusive keynote David Bell, executive director of The Conexus Institute, released new research on how funds can not only live with the YFYS performance test, but demonstrate a pathway forward which is consistent with asset owner best practice, namely total portfolio management.
The Your Future Your Super reforms have created challenges for absolute return funds. This session covered the impact from the suggested benchmarking to passive indices reforms and the unintended consequences. It looked at how industry is facing into these challenges and what the path ahead for the asset class looks like.
1:00pm

Conference close

9:00am - 9:05am
Welcome remarks from Brett Clark at TAL Australia.
This session considered the challenges faced by the whole insurance industry, both locally and abroad. Further analysis will consider the role for international best practice, AI and behavioural economics in improving engagement.
  • Is there an ongoing role for group insurance within superannuation?
  • Can insurance ever move beyond being a grudge purchase?
  • What innovations can we expect around products, experience and affordability?
A perennial challenge in making life insurance well understood and embraced by the public is the perceived gap between the promise and what is ultimately delivered when it comes time to claim. This session explored the gaps and how a more universal approach or innovations in terms can help to reduce complexity.
  • How does group insurance sit alongside other worker compensation schemes?
  • How do we make sure consumers understand the risks when part-time or unemployed?
  • Would enforcing the voluntary code improve member outcomes?
In its role as prudential regulator for insurance and superannuation, APRA oversees both sides of the provision of group insurance in superannuation. Recently APRA released a letter critical of how insurers and super funds are working together. This session explored the regulatory framework for provision of group insurance in super, with respective specialists from the two APRA divisions. This session explored the overarching regulation of provision of group insurance in superannuation. It also explored the challenges of the current environment, particularly those associated with the stapling aspects of the Your Future, Your Super (YFYS) reforms.
Where are we on the global health pandemic? What are the key drivers that affect pandemic outcomes in different markets? Long COVID - What will be the longer-term mortality and morbidity effects?
11:15am - 11:40am
Healthcare has seen numerous stages of innovation over the decades. This Q&A session explored the quantum shift that will transpire once doctors can map brain pathways and ascertain the cognitive patterns behind depression, confidence and wellbeing, and its implications for work, society and insurance.
11:40am

Conference close

9:00am - 9:05am

Welcome

China is a simultaneous threat and an opportunity for investors. This session, with insights from one of the world’s foremost experts on geopolitics, looked at how to navigate a worsening geopolitical situation and what it means for economic growth. Is the current course a steady state, or are big shocks, for the better or for the worse, possible and even likely?

Stephen Kotkin

John P. Birkelund '52 professor in history and international affairs, Princeton University
China’s growth an evolution as an economic super power is a critical long-term issue for institutional investors. This session examined the risks and opportunities in the Chinese equities markets and how investors can best gain access.

Matthew Kempton

Deputy chief investment officer and director, equities, Funds SA
The reflation trade, reopening narrative and the weak US dollar have led investors to be enamoured with emerging markets again. While emerging markets have benefited from the reverberations of the pandemic, where do future opportunities and vulnerabilities lie? 
As investors make net zero portfolio pledges they are working through strategies to achieve those goals in the short and long term. This session examined the tools available to assess stocks on different climate scenarios and what value destruction or uplift they have.
This session looked at the persistent global macroeconomic themes driving markets over the long term. It examined how themes like technology, climate change, healthcare, inflation and geopolitics are impacting global equity markets and how a deep understanding of these in equities markets can drive insights across the total portfolio.

Ayaz Ebrahim

Managing director, portfolio manager, emerging markets and Asia Pacific equities, J.P. Morgan Asset Management
In this session Canada-based consultant CEM Benchmarking examined the use of internal and external funds management by pension funds around the world, highlighting the associated impact on costs, performance and resources.
This session examined the internalisation of equities in super funds, looking at the resources, technology and talent required as well as the governance and processes that enable best practice.  
This session looked at the implications of the performance test on the way super funds invest in equities. With the heavy consequences attached to performance test failure, there is a large risk that funds allow the performance test to dominate how they manage portfolios, potentially to the detriment of member outcomes. This session looked at potential unintended consequences including shortened time horizons, increased turnover and more passive investing.
12:00pm - 12:45pm

Welcome lunch

12:45pm - 1:00pm

Welcome to country

1:00pm - 2:15pm
Opening this event, which brings delegates back together in-person, CIOs will share the risks and opportunities they have been exploring and how they are positioning for the portfolio of the future. This session includes roundtable discussion.
2:15pm - 2:35pm

Break

Adjusting to the performance test is a big issue for investment professionals in the new regulatory regime. This session will hear from APRA.
How will Your Future, Your Super impact the way that super funds manage member’s money? We work from investment strategy through to implementation and reporting. We consider the degree of constraint created by the test and consider the impact on member outcomes. This session includes roundtable discussion.
4:15pm - 4:30pm

Bus to Lilianfels

4:45pm - 5:45pm

Bushwalk

6:30pm - 8:30pm

Welcome dinner - Miss Lilian Restaurant

8:30am - 8:45am

Bus to Hydro Majestic

9:00am - 9:15am

Welcome

This session will look at the processes, people and governance that marks best practice for very large asset owners, and for Australian investors it discusses the path to getting there. This session includes roundtable discussion
Economies are recovering, inflation is soaring and central banks are struggling to find the right balance of vigilance and patience. The question that all investors are asking is whether inflation will prove to be transient and manageable, or whether the world’s economies and markets will steer off course? This session will discuss the various scenarios and the probability of a reversion to moderation in growth and inflation, with an eventual stabilization of developed market bond yields at low levels, and what that means for investors.
What does culture mean and why is it an important driver of long-term investment outcomes? This session will examine the importance of culture to investment performance through insights and experience of creating, shaping and managing teams.
11:00am - 11:30am

Break

11:30am - 12:10pm
As investors make net zero portfolio pledges they are working through strategies to achieve those goals in the short and long term. This session will examine the tools available to assess portfolios on different climate scenarios and what value destruction or uplift they have.
Australia’s energy environment is rapidly evolving. As renewables move from being an ancillary energy source to a core part of the energy mix, this session will examine if the traditional infrastructure investment tool kit continues to serve its purpose.
1:00pm - 2:00pm

Lunch

A total portfolio approach overcomes the governance, benchmark and inertia drags inherent in strategic asset allocation and can add up to 100 basis points above SAA, according to its proponents. This session examines the benefits of TPA including improved dynamism and why Australia’s asset owners should be embracing it. This session includes roundtable discussion.
This session examines some specific examples of how the regulatory regime is impacting investments. This session includes roundtable discussion.
3:40pm - 4:00pm

Break

In March 2020, when the COVID-19 pandemic was limited to a disruption to the Chinese economy, Warwick McKibbon explored seven different scenarios of how the virus might evolve and using his own modelling technique examined the impacts of different scenarios on macroeconomic outcomes and financial markets. He discusses that model, which is now being used by many central banks around the world, and what the ongoing pandemic means for the global economy. This session includes roundtable discussion.
4:45pm - 5:30pm
During the COVID-19 pandemic Norman Swan became of the face of the ongoing health crisis and how we all need to adjust to living with COVID.
5:30pm - 5:45pm

Bus to Lilianfels

7:00pm - 10:00pm

Conference dinner - Darley's Restaurant

8:30am - 8:45am

Bus to Hydro Majestic

The Future Fund embarked on an ambitious project instigated during the COVID crisis which includes a reconsideration of investment assumptions and a questioning of key themes as the investment team endeavours to navigate an environment that includes lower for longer, greater geopolitical risk, inflation risk and changing asset class correlations. This session looks at that project including a re-evaluation of the board’s appetite for risk, a review of investment beliefs and the fund’s comparative advantages.
This session outlines the key characteristics of the current policy environment and the implications for markets, and examines a flexible but comprehensive framework for portfolio management that can be applied to improve the stability of returns and engineer for outperformance.

Bob Prince

Co-chief investment officer, Bridgewater
10:25am - 10:45am

Break

China is a simultaneous threat and an opportunity for investors. This session, with insights from one of the world’s foremost experts on geopolitics, looks at how to navigate a worsening geopolitical situation and what it means for economic growth. Is the current course a steady state, or are big shocks, for the better or for the worse, possible and even likely? This session includes roundtable discussion.
11:45am - 12:30pm
This session will look at the intricate details of the merger between Sunsuper and QSuper. It will discuss the philosophical motivations, the various cost savings and investment opportunities of a large entity, and the investment model of the future.
12:30pm - 1:30pm

Conference close followed by lunch

2:30pm - 3:00pm

Registration

3:00pm - 3:15pm

Welcome to country

3:15pm - 3:30pm

Welcome

In a special conversation, the Minister for Superannuation and the shadow assistant treasurer will discuss their focus and priorities for the sector in 2022 and engage in an open Q&A with fund chairs.
APRA’s newly appointed executive board member will provide an insight into the regulator’s priorities for 2022 and beyond.
5:30pm - 6:30pm

Lawn bowls and cocktails

6:30pm - 9:00pm

BBQ at sunset

9:00am - 9:10am

Welcome

As China continues to take steps towards strengthening its standing as a global superpower, one of the world’s authorities on geopolitical tensions with a historical context weighs in on the situation with Taiwan and implications for the rest of the world.

Stephen Kotkin*

John P. Birkelund '52 professor in history and international affairs, Princeton University
With the Federal Reserve and government stimulating and spending in an effort to kickstart the world’s great consumer-driven economic engine following prolonged periods of lockdown, this discussion will consider what a return to normal might look like and the possible implications for investors around the world.
10:30am - 11:00am

Morning break

Reflecting on what could end up being the seminal climate discussion of our time, experts, policy advisers and investors bring an on the ground perspective of COP26 as well as put into context the likely implications for Australian funds in the years to come
As the baby boomers move through the process of retirement - the super funds, which have been designed to provide the best possible savinging and investment process need to morph - into the funds that provide them the best possible retirement - Andrew Inwood from CoreData looks at why smaller funds are outperforming in this area and the core lessons from international successes
1:00pm - 2:00pm

Lunch break

It’s not just investment risk superannuation boards need to consider as their assets grow and obligations to society broadens. Changing consumer trends, rapid development in technology, increasing pressures from regulators and the unintended consequences of industry consolidation are creating a unique set of pressures for fund chairs to grapple with.
A greater need for transparency and higher expectations for evaluation and measurement of member outcomes will push trustees to be more equipped and more accountable for their own actions as well as the decisions made by their executives and fund employees more broadly. This session considers what it takes to be a trustee director in a new age of accountability.
3:30pm - 4:00pm

Afternoon break

Decision making at critical moments is an essential component of leadership particularly within large and complex organisations in finance and investor organisations. This session explores theories and models of decision making as well as puts to the test practical tools chairs can apply to tacking thorny decisions.
Norman Swan has become a familiar face and voice in Australian living rooms during the pandemic through nightly news broadcasts and his ABC podcast Coronacast. In this session Dr Swan will unpack his thinking on how this pandemic played out and consider what’s next along-side variables likely to contribute to uneven recoveries across the world such as political fracturing, environmental degradation, extreme poverty and low standards of public health.
5:30pm - 5:45pm

Conference close

6:30pm - 9:30pm

Forum dinner - the warehouse at Meletos

7:45am - 8:50am

Chairs only breakfast

9:00am - 9:10am

Introductory remarks

In this case study, Border to Coast chair Chris Hitchen gives a unique insight into the governance charters and joint committee structures that underpin the partnerships its undertakes to manage £55 billion for pension fund partners.
Influential consultant Marc Levy will provide his interpretation of long term ‘forces at work’ in the industry and some scenarios of what the industry might look like in 2032, challenging chairs to consider what they can do differently now to achieve a better future for their members.

Dr Marc Levy

founding director, Right Lane Consulting
10:30am - 11:00am

Morning break

Influential consultant Marc Levy will provide his interpretation of long term ‘forces at work’ in the industry and some scenarios of what the industry might look like in 2032, challenging chairs to consider what they can do differently now to achieve a better future for their members.

Dr Marc Levy

founding director, Right Lane Consulting
In this Q&A discussion, renowned Australian ethicist Simon Longstaff calls out the cost of ethical failures and considers how ethical decision making, business models and frameworks can be adapted to make a more efficient and economical use of resources, human and intellectual capital.
12:45pm - 1:00pm

Conference closing remarks

1:00pm - 2:00pm

Conference close followed by lunch

9:00am - 9:10am

Welcome

What will the super landscape look like in 2030 and what key changes lie ahead for investment operations? This session brings together industry thought leaders from different parts of the industry to discuss the mega trends in superannuation from industry consolidation, data and tech disruption through to post-retirement and the heightened focus on transparency and accountability.
Against the background of ongoing mergers, a wave of new regulatory requirements, the shift to insourcing investment as well as key discussion points raised in the opening session, three heads of investment operations will drill down on the challenges and opportunities they face and the best way forward.
This session will focus on how developments with cutting-edge tech, including blockchain and tokenisation, and where that is taking custodians and the middle/back office.
11:00am - 11:20am

Morning break

The regulatory requirements in superannuation and the demand for data has never been greater. In this session, APRA and ASIC will outline their expectations around key developments.
In a new paper on the Your Future Your Super reforms, David Bell explores the far-reaching impact on investment operations including performance reporting and attribution, risk and tracking error management, SAA determination and reporting, and the overriding demand for data.
This session provides an update from the Australian Custodial Services Association on key industry issues, engagement and medium-term strategy. This session will also include the ACSA awards and the Conexus lifetime achievement award.

David Travers

chief executive officer, Australian Custodial Services Association (ACSA)
12:45pm - 1:45pm

Lunch

There are mounting industry concerns that a shallow talent pool and widening skills gap in investment operations is a threat to innovation and growth. This session will examine these challenges as well as the profound impact of COVID lockdowns on work practices and employee retention.
The COVID disruption of 2020 saw renewed regulatory focus and public scrutiny on the valuations of unlisted assets. This session brings together industry experts to explore how the enhanced valuation requirements in APRA’s SPS 530 will impact valuation frequency, the governance framework, unit pricing and more.
3:00pm - 3:30pm

Tech transformation and best practice data management

3:30pm - 4:00pm

Afternoon break

With the increased regulatory and public scrutiny on ESG, what exactly should super funds be sourcing, measuring and tracking? What is the best approach to tackling the challenges around taxonomy and gathering data from assets in different jurisdictions?
5:30pm - 6:00pm

Networking drinks