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 […]
Investment Strategy

Ian Robertson resigns from LGS

Ian Robertson has resigned as director of the Local Government Super board and issued passing shots at those not pulling their weight in the industry. His last board meeting takes place on Wednesday and he will be replaced as the Development and Environmental Professionals’ Association’s nominated representative by Joanna Davison, the interim chief executive of […]

Better governance can add 100-200bps

Australian super funds can gain an extra 100-200bps of return by overhauling their investment committees, Roger Urwin, global head of investment strategy at Towers Watsons has urged. Speaking at his firm’s annual ideas exchange in Sydney to an audience packed with chief investment officers, he described the change in governance since the GFC as incremental […]
Investment Strategy

Longer life means more, different work

Employers face new and mounting occupational health and safety risks as more Australians choose to work long into their 60s, according to Talent2 director Peter George. Speaking at the AIST Superannuation Administration Symposium in Melbourne on Thursday, George said an ageing workforce presented both opportunities and challenges for organisations that needed to be more flexible, […]
Investment Strategy

Emotional connection to super

CareSuper’s television advertising campaign has had a greater impact in educating existing members than in recruiting people to join, says its chief executive Julie Lander. The most recent advert, featuring Olympic swimmer Giaan Rooney, has led to a significant rise in member awareness of its choice options, she says. Previous CareSuper adverts had focused on […]

The power of language in engagement

There’s competitive advantage to be had in the insurance space for superannuation funds using behaviour-change thinking and models, says behavioural consultant Michael Daddo, managing director of The Shannon Group. “Some of the funds are waking up to the importance of insurance as a value creation and a way of getting members engaged with the product […]
Policy and Regulation

Sherry warns of SMSF risk

The licensing of accountants to provide advice to SMSFs will help counter to the unreasonable leakage of superannuation members from funds, according to Nick Sherry, consultant at Citi. “There are far too many SMSFs that are sub-economic, that the operational costs cannot be justified. I see a level of mis-selling around property investment and I […]
Hedge Funds

Sunsuper’s David Hartley on inhouse management

Lochiel Crafter, Asia Pacific head of State Street Global Advisors, interviewed the chief investment officer of Sunsuper, David Hartley, about super funds bringing investment management in house. The discussion focused on key drivers as well as what funds need to consider before making the move – and why Sunsuper does not yet undertake significant inhouse […]