Julie Lander

Hedge Funds

Three super funds developing CIPR with Challenger annuities

Challenger’s annuity products are to form part of three super fund’s strategies to achieve a comprehensive income products for retirement (CIPR) through an income layering model. CareSuper, legalsuper and LGS Super have all announced they intend to offer annuities to their members, backed by Challenger, by mid-2016, pre-empting proposed changes to the superannuation system flagged […]
CIO profiles

Greg Nolan to step back from full-time role at CareSuper

CareSuper has announced Greg Nolan is to stand down from his role as general manager of investments at the end of the year. He will stay at the $8 billion fund in a part-time role on specific investment projects and the recruitment process for his replacement will commence shortly. Julie Lander, chief executive of CareSuper, […]
Policy and Regulation

ASIC: super “fee inconsistencies” not good enough

The Australian Securities and Investment Commission is urging superannuation funds to draft their own set of fee transparency guidelines ahead of its own updated guidance issued today. The regulator is targeting non-disclosure relating to investment in underlying investment vehicles, incorrectly disclosing fees net of tax and inconsistent disclosure of performance fees. Such inconsistencies have left […]
Hedge Funds

Stronger Super distracts boards

Complying with Stronger Super regulations is a distraction from the more important task of maximising returns, superannuation chief executives have said in a candid discussion with State Street Corporation. The thoughts of chief executives of several major superannuation funds, including QSuper, REST Industry Super, Sunsuper, CareSuper and UniSuper, were gathered at a round table discussion conducted […]
Governance

Care Super and Asset Super post-merger

When CareSuper and Asset Super sat down to work out their post-merger investments, they quickly found that the two funds together had around 40 managers – and only one of them was in common. They had a common custodian, in National Australia Bank asset servicing and the same administrator, in AAS, but rationalising and then […]
Governance

Insurance key in Asset-CareSuper merger

More available and flexible income-protection insurance is a key reason why the Asset Super and CareSuper merger is good for Asset members, says the fund’s chief executive, John Paul. Both funds today formally announced their deal would proceed, with the new $6.5-billion fund formally merging on October 26. Both boards gave in-principle support for the […]
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