Stronger Super reforms

Governance

Most funds talking about mergers

A majority of superannuation funds are currently having conversations about potential mergers, according to Maree Pallisco, national superannuation leader at EY (formerly Ernst and Young), due to the impact of the Stronger Super reforms. As a leading provider of independent advice on the business structures of super funds, EY hears regularly from trustees who are […]
CIO profiles

The long haul at Commonwealth Bank Group Super

A limited range of asset classes held for the long term with little change in managers has generated 10-year average returns of between 7 and 9 per cent per annum for Commonwealth Bank Group Super’s investment options. Its returns and fees have won a steady trickle of awards, but the fund has not sought the […]
Investment Strategy

Silk praises Rubin’s contribution

Following Elana Rubin’s departure as chair of AustralianSuper, chief executive Ian Silk has commended her contribution. “We are very disappointed to lose Elana as chair,” Silk said. Rubin, who was a board director of AustralianSuper for seven years, of which she was chair for six, is currently not giving any clue as to what her […]
CMSF

Reforms not about industry consolidation

The Stronger Super reforms aren’t aimed at pushing out smaller funds, says Ross Jones, deputy chairman of the Australian Prudential Regulation Authority (APRA). Speaking on a panel with the commissioner of the Australian Securities and Investments Commission (ASIC), Greg Tanzer, Jones responded to concerns about the impact of reform on smaller funds. “The issue with scale […]
Opinion

Industry at a crossroads

Over the past 20 years, the median fund returned 6.6 per cent per annum, which is in line with the consumer-price-index plus 3.5-per-cent target that many balanced options state in their objectives. Most funds are in the process of distributing annual member statements with a message of positive, albeit modest, performance. While results are currently […]