self-managed super fund

Investment Strategy

Retirees’ SMSF decision making questioned

A group of academics are investigating measures of cognitive function that can be applied to gauge the financial decision making of retirees and their capacity  to make optimal decisions when running a self-managed super fund (SMSF) portfolio. Paul Gerrans, associate professor of finance at the University of Western Australia, is concerned at the ability of […]
Hedge Funds

Direct investment option at AustralianSuper

AustralianSuper has declared bullish growth projections for its direct investment option (DIO) from 12,500 to 50,000 members as its retirement membership grows. The platform, which gives members the freedom of a self-managed super fund in an insured setting, currently manages $700 million for 12,500 members, who hold a further $900 million with the main fund. […]
CIO profiles

TelstraSuper: size-conscious success

What is the optimum size for an institutional investor? This is a question foremost in the mind of Jim Christensen, chief investment officer of TelstraSuper. After four years of expansion, he believes he has maximised potential by gaining the optimum level of inhouse investment. Now running 20 to 25 per cent of assets internally for […]
Unintentional

Qsuper ups the ante on value

Members of QSuper who use its new mortgage-advice service will receive half of the broking commission from any deal, one of a growing number of innovative offers from banks and funds fighting for market share. The rollout through QSuper’s financial advice arm, QInvest, is likely to be of most benefit to those in their 30s […]
Investment Strategy

Super future: SMSF clones, partners

Superannuation funds wishing to stem the self-managed super fund tide should be offering product look-alikes or partnering with financial institutions providing SMSF services, says Russell Mason, Deloitte partner in superannuation. With close to 1 million Australians directing their money to SMSFs, Mason says projections based on today’s activity sees up to three-quarters of the post-retirement-market […]
Governance

How to trust a trustee

Magazine editors from time immemorial have used the simple device of listing 10 things – 10 ways to lose weight, to pay off mortgages, achieve better orgasms, discover the best ciders, harness the real you, and so on – simply to keep readers from dozing off and tuning out. Whether there’s any science to it, […]
Investment Strategy

FEAL: the post-retirement challenge

The industry should stop looking for the silver-bullet post-retirement solution, with service providers needing to tailor products to the specific needs of members, the Funds Executives Association Limited (FEAL) conference heard last week. Post-retirement and the challenges it poses for member retention were a key focus, as heads of funds gathered in Sydney for FEAL’s […]
Custody

Due diligence of fund
managers overlooked

The responsibilities of superannuation trustees are many and varied. One of these responsibilities is being accountable for the robustness of the risk, compliance and operational processes of service providers appointed by the fund. The position of the Australian Prudential Regulation Authority (APRA) on this matter is very clear. Accountability for any functions, including investment management, […]