salary

Investment Strategy

No large salary increases in 2014, despite increase in positive sentiment

Salaries for most back and middle office staff in superannuation funds will only rise in line with inflation in 2014, predicts specialist recruitment firm Robert Walters. The exceptions are for candidates in the areas of information technology and compliance. Andrew Hanson, director of financial services, market, sales and legal at Robert Walters, sees indications for […]
Investment Strategy

Shorten, FSC spar over budget

Australia’s budget was a disappointment for asset managers, according to the Financial Services Council (FSC). The government disagrees, saying its policies have improved fairness, sustainability and efficiency in superannuation. Asset managers, like many who run companies, expected a tax cut in the budget, says Martin Codina, director of policy at the FSC. The lack of […]
Investment Strategy

UBS Asset Management’s Curt Custard is unhappy

Curt Custard, head of global investment solutions at UBS Global Asset Management, is “very, very disappointed” with his investment banking colleagues. Perhaps even a little mad. But he displays similar sentiments toward US Republican presidential candidates, politicians in general, Europe and John Maynard Keynes. At UBS asset management “nobody is as frustrated as ourselves as […]
Investment Strategy

AustralianSuper puts major group risk challenge to Tower

The $28 billion AustralianSuper aims to radically speed up member insurance claims processes under its new contract with group risk provider Tower Australia. “We want 90 per cent of risk cases processed within five to 10 working days,” Greg Staunton, senior insurance manager at AustralianSuper, said. This would be achieved by more extensive use of […]
Investment Strategy

AustralianSuper puts major group risk challenge to Tower

The $28 billion AustralianSuper aims to radically speed up member insurance claims processes under its new contract with group risk provider Tower Australia. “We want 90 per cent of risk cases processed within five to 10 working days,” Greg Staunton, senior insurance manager at AustralianSuper, said. This would be achieved by more extensive use of […]
Investment Strategy

AGEST digests a massive surge in cash

Michael Seton There has been an unprecedented surge in the size of the cash option at public sector fund AGEST, from $70 million in 2007 to $800 million – or 26 per cent of the entire fund – at the end of June this year, however the scheme sees no need for an education campaign […]
Investment Strategy

Investment nous was a must in State Super CEO search

The chair of one of Australia’s largest super funds, State Super NSW, said that investment expertise was a major criteria in the selection of its new chief executive. Chris Durack, most recently the general manager of the internal investment teams at Challenger, started at the $30 billion-plus closed defined benefit fund for NSW public servants […]
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