product

CIO profiles

David Bell to become AUSCOAL CIO

The independent investment consultant David Bell is to become the first chief investment officer of AUSCOAL Super. One of his key tasks will be to fine tune the $7.9 billion fund’s lifecycle strategy and to create a pension product for members, whose average age is 42 – though many retire at 55. Based in Sydney, […]
Investment Strategy

Funds put product dashboard in the dark

Some super funds have incurred the displeasure of the Australian Securities and Investment Commission (ASIC) by putting links to their product dashboard in unobtrusive positions on their website. The product dashboard provides members with five essential facts on their Mysuper fund; the return target, actual returns, a comparison with previous returns, the level of investment […]
Governance

The incrementalist executive – Kevin O’Sullivan

The timing of Kevin O’Sullivan’s appointment is auspicious. A technocrat, an actuary and a maintainer of outsourced schemes at Russell Investments, he has arrived after most of the work around Stronger Super had been put in place at UniSuper. Well placed to do the assessments around product development, he would appear to be chosen for […]
Investment Strategy

Dashboard feedback suggests change

The public has turned its nose up at graphical representations of risk on the MySuper product dashboard and asked the Australian Securities Investment Commission (ASIC) to make it simpler. Qualitative consumer market research in September has gauged reactions to the information funds must provide on MySuper products and expectations around disclosure. Speaking at the Australian […]
Investment Strategy

Product important at Sunsuper

Sunsuper has boosted its product division, appointing three senior managers in newly created roles. The division, created last year to centralise the super fund’s product design and management, now consists of 11 staff, with Andrew Nicholson, general manager of product, at the helm. At the head of the fund’s superannuation and retirement products team will […]
Hedge Funds

QSuper’s guaranteed-term annuity

QSuper has partnered with Challenger to offer a new guaranteed-term annuity, the first for the superannuation fund and exclusive to its members. The product, which is available to members through QSuper or its financial planning business QInvest1, will provide a very competitive earning rate on term annuities, according to Michael Pennisi, chief strategy officer at […]
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