Steve Bracks

Investment Strategy

Cbus board to face unprecedented scrutiny

The governance of Cbus is to face an unprecedented level of public scrutiny after its decision to allow Graeme Samuel, the previous chair of the Australian Consumer and Competition Commission to conduct an independent review into its governance processes. The review is designed to assure contributing employers and members of the strength of its governance […]
Investment Strategy

Cbus reveals soaring TPD claims

Cbus has disclosed figures showing TPD claims from members have nearly doubled in two years. There were 798 TPD claims paid in the financial year ending 2012 totalling $45 million, while claims in the financial year ending 2014 totalled 1296 and paid out $88 million. Cbus has set new standards for transparency in its annual […]
Investment Strategy

Cbus board transparency wins AIST award

Cbus has been commended for its bold move to disclose board salaries in the Australian Institute of Superannuation Trustees’ 2013 awards for excellence. The fund won the award for best annual report, the judges describing the information provided to members as reporting and acting with integrity. The report highlights the $111,000 salary given to board […]
Investment Strategy

Steve Bracks on Cbus growth

Steve Bracks will be stepping down from his role as chair of Cbus to take up the position of Australia’s consul general in New York in September for a three-year term. Bracks was brought in as a director and chair for the $22-billion fund just under four years ago, with Cbus experiencing significant change and […]
Hedge Funds

Funds hungry for infrastructure

Fiscally challenged Australian governments wishing to maintain credit ratings and increase their cost of capital should consider the untapped resource of superannuation funds, said industry funds offering up to $15 billion for investment over 15 years. A range of government-owned infrastructure assets could be monetised to industry funds, argues a new paper released by Industry […]