Concerns remain about unintended consequences that are yet to arise, but Aware Super CIO Damian Graham believes the government’s second iteration of the performance test is a ‘reasonably pragmatic middle ground’.
Jeffrey Leckstein, head of Australia at Bloomberg, explains how technology is improving transparency for investors but also how regulators are using it for accountability. As global growth converges towards a slower speed, more funds in Australia are utilising derivatives to achieve investment objectives and manage exposures, leaving trustees and boards increasingly concerned about the associated risks. Many […]
Lawyer and superannuation executive David Galloway gives his thoughts on some of the most costly pieces of regulation impacting on members. Some trustees might feel a justifiable sense of confusion around the issue of regulatory costs savings. While the government has established a regulatory cost saving initiative, that didn’t prevent it inflicting a new SuperStream […]
Those helping super funds to manage their investment data report an industry groaning under the weight of more compliance than it has ever faced before. Providers say the cost of increased workloads and systems build will be passed back to members, while opportunity costs are being incurred from the holding up of innovation. DST Global […]
The latest round of legislation aimed at overhauling the system has been a challenging period for super funds which have been focused on launching low-cost default MySuper products, overhauling back office transactions through the SuperStream measures, while also improving governance and disclosure. Three-quarters of super fund chief executives recently surveyed by the Financial Services Council […]
Building scale and operational capability, and new regulations are driving the desire for more superannuation fund mergers, according to a recent report by State Street. The paper, ‘Super fund mergers: Benefits, challenges and keys for success’ features a roundtable debate with representatives from institutional super funds Prime Super, AustralianSuper and Media Super, and is contained […]