transparency

Policy and Regulation

ASIC strategy: targeted surveillance

The Australian Securities and Investments Commission (ASIC) will be taking a targeted surveillance approach to how superannuation funds undertake intra-fund advice, with particular regard to disclosure and transparency. The focus falls under the regulator’s facilitated-compliance approach as My Super kicks in at the beginning of July, according to Gerard Fitzpatrick, senior executive leader for investments […]
Administration

ASFA to push for future-performance reporting

The Association of Superannuation Funds Australia (ASFA) will be pushing industry to project future performance using a “balanced scorecard”, according to its chief executive officer, Pauline Vamos. In line with more transparent reporting protocols, Vamos says while the focus in super has traditionally been past performance, there are ways to give indicators of future performance. […]
Investment Strategy

The custodian of the future is already here

In the so-called Year of Big Data, the “custodian of the future” is already here and working in the Australian market, according to Northern Trust country head, Rohan Singh. Singh, whose firm has $140 billion under custody and administration across Australasia, says that custody has already changed from a commodity to a value-added service, and […]
Custody

Indepth investment information required

Acting chief executive of Media Super, Michael Rooney, is frustrated by the lack of data transparency of some of its service providers as the fund takes greater control of risk monitoring. Rooney says the fund is in the process of obtaining more indepth investment information for its annual reports. This is part of a two-phase […]
Administration

Funds need a benchmark

Cbus is to be applauded for showing the way in transparency, with its latest annual report disclosing more information about the fund’s investments, director and executive remuneration than ever before. It’s clearly a leader and should be recognised for this; it takes courage to jump ahead of the pack when there is no compulsion to […]
Industry View

SMSFs need to
pay their share

In recent times we’ve heard a lot about the need for greater accountability and transparency in our superannuation system. With mandatory super contributions to be lifted from 9 to 12 per cent of wages and a global focus on governance in the wake of the global financial crisis, super funds are – quite rightly – having to […]
Investment Strategy

Fund of hedge funds: liquid, cheaper, transparent

Investment strategies are continuing to modify fund-of-hedge-fund holdings in order to provide more liquidity and potentially more alternative returns. A sector report from S&P Fund Services into alternative strategies found that fund-of-hedge-fund (FoHF) managers have responded to investor demand for more liquid, cheaper and more transparent avenues to alternative investing. It further concluded that managed […]
Investment Strategy

Sim Corp: transparency pressures building

Pressure from regulators and investors on asset-management companies to improve the transparency of their reporting will only increase, says Peter Hertel, an executive at financial software company Sim Corp. “There is pressure to provide information to investors as if they have invested directly,” says Hertel. Many investors, including Australian superannuation funds, invest in pooled groups […]
<2of7>