Stapling puts super ‘ahead of the curve’: Shlomo Benartzi
2024年10月8日 · World-renowned behavioural economist and UCLA professor Shlomo Benartzi has praised stapling as a piece of legislation that puts Australia in a leading position when it comes to instilling the idea of superannuation as a lifetime account. However, he urged funds not to let the member behaviours that the super system fosters, mostly the set-and-forget mentality, turn into disadvantages during ...
‘Peace of mind’: Treasurer unveils four-point plan to reform …
2024年11月20日 · Treasurer Jim Chalmers has unveiled a policy agenda targeting the retirement phase of superannuation, including a legislative change that will allow funds to provide new retirement product features like money back guarantee. The reform package was described by Chalmers as “necessary” and the result of “consultation and collaboration” with industry in his foreword to the inaugural ...
UK mulls what (and what not) to learn from super
2024年10月3日 · UK Chancellor of the Exchequer Rachel Reeves has big plans for the nation’s growing defined contribution (DC) schemes. Set to manage close to £800 billion ($1.5 trillion) by the end of the decade, DC funds are attracting attention as the Labour government looks to direct investments into so-called “productive finance”, consolidate small pension pots, increase returns and …
Industry funds claim 6 of 10 highest-paid super CEO jobs
2024年3月12日 · 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 services, industry experts said, but most are tied to the ...
Aware Super’s infra team finds its footing in London
2024年9月4日 · Infrastructure has received an influx of capital in recent years but Aware Super’s head of the asset class, Mark Hector, says the fund is still prepared to be an early mover in some subsectors and harness alpha for members. Aware last week made its first infrastructure investment out of its London office, and has serious plans to …
Betashares’ Bendigo Super faces APRA heat over past performance
2024年9月24日 · Vanguard Super’s member acquisition so far is driven by financial adviser-facing channels and direct-to-consumer marketing.. It has accumulated almost $2 billion of retirement assets under management since it launched close to two years ago, while the Bendigo Super acquisition would have immediately handed Betashares $1.4 billion in superannuation AUM.
HESTA to compensate members after asset valuation bungle
2024年11月19日 · Around 11 per cent of HESTA membership – or 121,000 individuals – will experience adjustments in the number of investment option units they hold in the coming weeks, as the health care industry super fund looks to rectify a price discrepancy caused by its revaluation decisions during the pandemic, which w ere questioned by APRA.. The prudential regulator said during March 2020, HESTA ...
2025 Fiduciary Investors Symposium NSW - Investment Magazine
Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
Offshore capital runs ruler over Aussie retail super giants
2024年12月16日 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
AustralianSuper’s lead on fund flows moderates
2024年1月19日 · The big eight profit-for-member funds took 80 per cent of natural flows in FY23, with mega-fund AustralianSuper leading the pack. But the nation’s largest fund also saw a slowdown in member switching, securing $9 billion, down from $14.5 billion the year before. APRA data suggests switching activity across the broader market has declined.