State Super Financial Services

Hedge Funds

State Super Financial Services cautious about bondification of equities

State Super Financial Services (SSFS) is cautious about the bondification of equites as it can give an unintended bias to interest rate sensitivity. The term has been highlighted in CREATE – Research and Principal Global Investors’ annual global survey of 705 pension plans, sovereign wealth funds, asset managers, pension consultants and fund buyers, which predicts […]
Investment Strategy

Move to digital allows better compliance with ASIC

The development of digital platform is enabling funds to better comply with the Australian Securities and Investment Commission (ASIC) by automating compliance and providing documentation of key data sets related to members. State Super Financial Services’ use of digital platforms means defined parameters are set around the advice the fund’s advisers can give, as the system […]
Hedge Funds

The case for low volatility equities in a retirement portfolio

The performance of low volatility and benchmark equity strategies for retirement portfolios was likened to the tale of the tortoise and the hare at the 7th annual Post-Retirement Conference. Roy Maslen, chief investment officer – Australian equities, at AB (formerly known as Alliance Bernstein), presented research which showed a well-constructed low volatility portfolio would eventually […]
Hedge Funds

Smart beta at SSFS cuts volatility by up to 30%

A move to low volatility and quality equity strategies has seen State Super Financial Services (SSFS) reduce volatility by up to 30 per cent in more than half of its equity allocation. The $15.3 billion fund, which runs pension portfolios for retirees from State Super across nine different investment options, took the decision three years […]

Ambitious advice – Peeyush Gupta profile

Peeyush Gupta wants to forge strategic referral relationships with industry and corporate super funds, hire more advisers, open new offices, and see it lead the debate on post-retirement in Australia. The group has also commenced a research project on managing longevity risk. According to Gupta, the high and rising cost of providing ongoing personal advice […]
Governance

State Super mulls independents

State Super Financial Services will review the composition of its board in 2014 and consider adopting the Cooper Review’s recommendation of three employer, three employee and three independent trustees. The $13 billion advice firm and superannuation fund is owned by the $40 billion SAS Trustee Corporation. The SSFS board is chaired by former chief executive […]
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