Technology - Brought to you by Milestone Group
Funds have chance to be at ‘forefront of innovation’: PwC
Super funds ability to innovate has been hampered by the massive cost involved and the fear of failure.
Rachel AlembakisMarch 11, 2019
PwC
Opinion
Banks aren’t leaving wealth due to lack of profitability
There were many reasons the Big Banks decided to divest from their wealth management arms in 2018, but declining profit was not one of them.
Tahn SharpeJanuary 17, 2019
Events
Super sector ripe for technological disruption
For the financial services sector, the real danger of disruption comes from small, unknown innovators, the FSC Leaders Summit heard.
Simon HoyleJuly 27, 2017
Industry View
Celebrating 20 years of the Mother’s Day Classic
This year marks the 20th year of the Women in Super Mother’s Day Classic and all that has been achieved throughout the journey.
Cate WoodApril 18, 2017
Hedge Funds
Benchmarking urged for internal teams
Funds managing assets in-house should report to their members on how these assets have performed versus properly constructed market based benchmarks, according to an advisor at PwC. David St. John, urged an audience of 37 institutional investors to raise their standards of reporting voluntarily, but said that if this did not happen then regulatory intervention […]
David RowleyNovember 20, 2015
Hedge Funds
New proposal for defining a defensive asset
Defensive assets should be determined on an individual asset basis, rather than on an asset class level, delegates heard at the Conexus Financial Fiduciary Investors Symposium. Paul Caskey, chief investment officer of the South Australian work injury insurance scheme ReturnToWorkSA, presented a new formula for helping to determine which funds could be included in the […]
David RowleyNovember 20, 2015
Investment Strategy
PWC sees tech as a threat to super
PwC “certainly” sees digital disruption as a threat to superannuation in a new age of digital business. Speaking on a panel at FEAL’s annual conference in Melbourne Chuck Lyman, partner at PWC, outlined how easy it has become to start a fintech, with the cost over the past five years dropping from $5 million to […]
Dan PurvesAugust 7, 2015
Hedge Funds
QSuper, Morningstar, Towers Watson call for end to defensive/ growth debate
Three leading investment experts have called for the debate over how to classify growth and defensive assets to be abandoned, following an exchange of views in Investment Magazine. Over the past 10 days IM has published views from PwC and Sam Sicilia, chief investment officer of HOSTPLUS on the issue. PwC highlighted how differing interpretations […]
David RowleyJuly 16, 2015
Opinion
IOOF head admits issues of misconduct were withheld from the regulator
IOOF’s chief executive Chris Kelaher has confirmed the company did not lodge ASIC breach reports for a number of issues, despite evidence of misconduct inside its research division. Kelaher fronted the Senate Economics References Committee in Macquarie Street, Sydney yesterday, facing stiff questioning about his knowledge of alleged misconduct within its research division. The Senate […]
Glenn FreemanJuly 8, 2015
Hedge Funds
Definition of ‘growth’ distorts performance tables
Funds are being accused of gaming the success of their MySuper products by understating the level of growth assets. Analysis by PwC of the strategic asset allocations for 30 funds in the SuperRatings SR 50 Balanced (60-76) index per cent survey has shown a wide variety of interpretation for growth assets. The implications are large. […]
David RowleyJuly 2, 2015