Hedge Funds

“Logical disconnect” to inhouse management

There should be net benefit for members or advantages in terms of internal management for superannuation funds considering taking investment inhouse, according to Sunsuper chief investment officer David Hartley. He said funds should be prepared for the impacts internalisation could have on culture and processes. In an exclusive interview with State Street, published in its recently released […]
Hedge Funds

Jocelyn Furlan Q&A

Chair of the Superannuation Complaints Tribunal, Jocelyn Furlan talks to Amal Awad. What’s an average day like for you? An average day for the chairperson is a mixture of working on the business and working in the business. Since I’ve been chair we’ve undergone a huge change process at the tribunal to try and really make […]
Investment Strategy

Steve Bracks on Cbus growth

Steve Bracks will be stepping down from his role as chair of Cbus to take up the position of Australia’s consul general in New York in September for a three-year term. Bracks was brought in as a director and chair for the $22-billion fund just under four years ago, with Cbus experiencing significant change and […]

Funds vow to fight SMSF exodus

Leading superannuation funds are preparing to strike back against the appeal of self-managed super funds (SMSFs) by offering inhouse self-managed options to members. In a panel session which revealed how SMSFs now represent 32 per cent of all superannuation funds, larger than any other sector, HOSTPLUS said it would be offering members a self-managed investment […]

Fear and complexity key to disengagement

Disengagement in superannuation funds is caused by members’ fear of loss, confusion over decision making, and embarrassment at small savings levels, a behavioural economist told delegates. The findings came from interviews with 1500 super fund members carried out by market research firm, the Leading Edge. It found 67 per cent had no interaction with their […]

Industry funds deny low-cost status

Industry funds will not own the low-cost space post-Stronger Super and the industry should be prepared for the influx of bespoke products like SMSFs and individually managed accounts (IMAs), said Paul Watson, executive manager of member choice and advice at Hostplus. Speaking at last week’s Post-Retirement Conference, held by Conexus Financial in association with AIST, […]

SMSFs no threat to super funds

Self-managed super funds are more likely to contract than expand over the next decade, making them no threat to superannuation funds, says Equipsuper chair and superannuation lawyer at DLA Piper, Andrew Fairley. He believes predictions that numbers will increase dramatically are unfounded. “If I look over the next 10 years, I think we’re going to […]
Investment Strategy

Retirements, appointments and re-appointments

Mercer’s Peter Promnitz to retire Mercer’s Head of Asia Pacific, Peter Promnitz, will retire from his role at the end of the year and take up a role as an independent non-executive director. Promnitz has led Mercer’s Asia Pacific business for the last 5 years, having held the role of Australia/New Zealand CEO for a […]