Australian funds improve transparency, move up global rankings
Nov 8, 2024 · The 2024 Global Pension Transparency Benchmark, produced by Investment Magazine sister publication Top1000funds.com in association with CEM Benchmarking, has found the Australian funds in the benchmark have lifted their …
Pluralsight loss ‘humbling’, says AustralianSuper
Nov 11, 2024 · Mega fund AustralianSuper said it is still feeling the pain from its very public loss in US software company Pluralsight, and even with $341 billion of assets under management, a $1.1 billion write-down is still too big a chunk of money to let go easily. But at the Fiduciary Investors Symposium, the fund’s senior private equity portfolio manager Robert Schnittger, said …
Offshore capital runs ruler over Aussie retail super giants
Dec 16, 2024 · Ownership of the surviving wealth institutions may be set for another shake-up as big global investors circle Insignia Financial and Colonial First State. But it remains to be seen whether Wall Street buyers have paid sufficient attention to how these assets became stranded in the first place and if they could resist the temptation of vertical integration.
Industry funds claim 6 of 10 highest-paid super CEO jobs
Mar 12, 2024 · CEOs of super and sovereign wealth funds received upwards of $3 million in total remuneration in the 2023 financial year, according to Investment Magazine's latest analysis based on fund reports and APRA data. CEOs of many of the funds included in the analysis could expect to receive better compensation elsewhere in financial …
‘Unfinished business’ as Insignia chases consolidation in $180b …
Jul 11, 2024 · Less than six months into the top job at Insignia Financial, chief executive Scott Hartley has overhauled the executive team and installed a CEO for its $180 billion superannuation arm. In the next two to three years, Hartley is planning to make some serious progress on the “unfinished business” that is consolidating the wealth giant’s scattered pension operations.
Why there’s no ‘best’ investment model for super funds
Oct 25, 2024 · A paper published ahead of the Investment Magazine Fiduciary Investors Symposium starting on Tuesday outlines the challenges and considerations for Australian trustees in determining an optimal investment model for their funds. The paper published by 1886 Consulting says there is no single “best” approach, and even emulating the world-leading Canadian model isn’t for everyone.
How Aware plans to apply DB skills to DC retirement income
Oct 23, 2024 · As one of the rare public-offer industry super funds with a considerable defined benefit component, Aware Super is keen to apply its investment and liabilities management skills to defined contribution assets in a post-Retirement Income Covenant world. Portfolio manager of retirement strategy Shang Wu unpacks the fund’s DB position.
Cbus bucks industry insurance trend to boost members with cover
May 16, 2024 · Changes to compulsory insurance under the Protecting Your Super (PYS) measures haven’t stopped the $85 billion Cbus from increasing the proportion of its members with insurance cover. Head of insurance Noel Lacey says it’s largely due to clear and effective communication with members, and a successful application under …
Why the whole world is suddenly paying attention to Aussie super
Apr 4, 2024 · As the assets under management in the Australian superannuation system continue to grow – now up to $3.7 trillion – and as populations around the world age, Australia’s compulsory savings regime is attracting global attention. While it has its shortcomings – including the need to evolve from a primary focus on worker savings to …
Insignia CEO questions insourced admin, slashes 25pc of headcount
Dec 10, 2024 · Insignia Financial has shifted to outsource administration of its $180 billion superannuation assets, inking a deal with SS&C and reassigning 1300 workers to the service provider during the process. The decision stands in stark contrast to peers such as Aware Super, which recently internalised member services, but CEO …