trustees

Governance

APRA: we will not accept inertia

Individual trustees have been instructed to improve their skills and to keep on improving them in a strident speech given by Helen Rowell of the Australian Prudential Regulatory Authority in Melbourne. Such was the depth of requirements made that delegates at the Australian Institute of Superannuation Trustees’ governance symposium openly questioned whether trustees would have […]
Investment Strategy

What is allowable on investment committees?

Four prominent super fund executives at the AIST Australian Superannuation Investment conference on the Gold Coast discussed best practice and what is allowable on investment committees. One common insight was investment committees making decisions without talking to asset consultants. Each executive gave a candid explanation of their fund’s policies, the key points of which are […]
Policy and Regulation

APRA: trustees need to wise up

Trustees do not need to have the investment judgement of the consultants they employ, but they must be able to demonstrate an understanding of the advice they receive, a senior manager at the Australian Prudential and Regulation Authority (APRA) has said. In a presentation to delegates at the Australian Institute of Superannuation Trustees’ Australian Superannuation […]
Investment Strategy

QSuper: champion of cohorts

Breaking the orthodoxy on how to invest default members might seem a risky career move, but Brad Holzberger is not showing any fear. “I do not feel under threat. We have the leadership of our senior management, the support and encouragement of the trustees. If I felt under threat, there is no way we could […]
Unintentional

In the minds of super trustees

What is bothering trustees? Investment Magazine conducted an online poll that attracted a substantial and impassioned response, with several respondents sending us emails in addition to the poll pointing out the absence of climate change and hedging to avoid the climate bubble in the choices given below. Another put forward environmental and social governance issues […]
Custody

The paperless boardroom

The classic board table scene is changing. Where once it featured stacks of board papers, now it’s increasingly common to see a series of iPads instead. It’s a new way of communicating for trustees, as boards transition to universal adoption of mobile devices. It’s easy to assume the move to paperless is entrenched in the […]
Investment Strategy

Partnership creates global events network

Conexus Financial, the financial services media and events company and publisher of investmentmagazine.com.au, has formed a partnership with the New York-based World Pension Forum (WPF) to create a major international conference business catering to the world’s largest institutional investors. Conexus will apply its events management expertise and experience to enhance existing WPF events – three […]
CMSF

Board independence under Q&A microscope

Not unlike a typical edition of ABC’s Q&A, host Tony Jones moderated a robust discussion on yesterday’s Super Q&A panel. Opening CMSF 2013, the panel debated a potential leadership spill in Labor, super reform fatigue and executive pay disclosure. Perhaps most controversial was the debate on equal representation on boards, with Garry Weaven, chair of […]
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