Super Review

Why super represented a solid investment in 2019

The latest Australian Prudential Regulation Authority data has confirmed why superannuation represented a solid investment destination in 2019.

Limited advisers could be caught out in best interests duty

Limited licenced advisers need to make sure they do not verbally give switching advice to clients even if it is undocumented as this would breach best interests duty, according to BT.

Don’t let consultants drive accountability outcomes says APRA

Superannuation funds and insurers should not rely too heavily on consultants to meet their obligations under the upcoming Financial Accountability Regime, according to the Australian Prudential Regulation Authority.

Deducting advice fees from member accounts gets thumbs-up

The deduction of financial advice from member’s superannuation accounts is reasonable, according to actuarial research house, Rice Warner.

Retail super funds in decline

Retail superannuation funds once dominated in terms of assets held in the industry, but those days are gone.

15 August

MySuper a costly distraction

Super Review’s Future of Super Conference has been told MySuper represented one of the greatest wastes of time and

15 August

Scope to increase SG without fuelling wage growth

Those who are resisting the superannuation guarantee need to understand that there is scope to proceed with an

O'Flaherty to depart Statewide

15 August

People & products

Policy head departs from SMSF Association

Policy head, Jordan George, has resigned from his role at the SMSF Association after seven and a half years.

The Superannuation Complaints Tribunal received 1,739 complaints of which 91 per cent were resolved, according to its annual report.

15 August

Industry funds urge publication of firm level complaints data

The number of complaints received about individual firms should be available to financial services customers,

15 August

SMSF trustees should keep an eye on commercial property

Office property remains in strong demand in Sydney and Melbourne, according to Thinktank.

Broken work patterns, the gender pay gap, and longevity risk all contribute to the gender gap in retirement income, according to ASFA.

15 August

Financial advice

Female wealth accumulation surpasses men

The average female net wealth has increased to $400,000, bringing it closer to the male average of $449,000,

2019-12-04 21:15:00

Knowledge Centre

ESG ‘dating tips’ for asset managers

What does an asset owner look for in an asset manager to help them navigate sustainability and ESG investing?

BNP Paribas

VicSuper hands Metric Credit Partners a $100 million mandate to be invested in diversified Australian senior loans.

15 August

Institutional investment

US bond inversion no reason to panic

A yield curve inversion is not the harbinger it once was, according to JP Morgan Asset Management.

15 August

Liberal Senator signals crack-down on super activists

NSW Liberal Senator, Andrew Bragg has signalled the prospect of a crack-down on superannuation activists who seek

Tackling tax myths

13 August

Super lobbyists accused of propagating myths

Newly-elected NSW Liberal Party Senator, Andrew Bragg, has doubled-down on his criticism of the superannuation

13 August

AIST urges recognition of complexity in EDR

The Australian Institute of Superannuation Trustees has embraced shorter external dispute resolution time-frames

13 August

Challenger expects super industry assets to double over ten years

Despite the significant disruption which impacted Challenger’s 2019 financial results, the company has said that

Union appointments

13 August

Rest reviews structure and creates CIO position

Industry super fund Rest has refined its investment structure and governance framework to position it for further

Deloitte expands influence in asset consultancy market with Casey Quirk acquisition.

13 August

People & products

Aon announces NZ M&A and transaction solutions leader

Aon has appointed Jonty Vavasour as executive director, mergers and acquisitions (M&A), and transaction

Custodian cautions trustees not to ignore the investment implications flowing from climate change.

13 August

ASIC updates guidance on climate change

The Australian Securities and Investments Commission has updated its guidance on climate change related disclosure.

Appointment (2)300

12 August

Computershare CEO to head Catholic Super and Equip

Equip Super and Catholic Super have appointed Computershare Australia and New Zealand chief executive, Scott

Mercer and Virgin Money Australia have expanded its partnership with the launch of public offer super fund, Virgin Money Super today.

8 August

AMP flags loss of $700m in super mandates

AMP Limited has sought to hold ground on corporate superannuation but has acknowledged the expected loss of $700

The Australian Securities and Investments Commission (ASIC) has confirmed it has initiated a project which will closely examine life insurance within superannuation. The regulator has flagged that it intends on publishing a report on life insurance within

8 August

APRA flags 2020 for finalising related party action

The Australian Prudential Regulation Authority has flagged that it will next year be finalising the changes to

Former employees and officers of superannuation funds and their service providers should be granted the same level of whistle-blower protections as those still working for funds, according to the Australian Institute of Superannuation Trustees (AIST).

8 August

ASIC sweeps super funds into whistleblower regime

Super funds have found themselves swept into the proposed new Australian Securities and Investments Commission

8 August

Retirees face steep living increases

Living costs are up 1.5 per cent for retired couples at both comfortable and modest levels, over the year to June

8 August

ATO boosts support to keep Aboriginal people connected to super

The tax office has made changes to improve superannuation engagement for Aboriginal and Torres Strait Islander

MetLife has developed a new data analytic product to help it move beyond simple group insurance.

8 August

People & products

Northern Trust launches investment performance tool

Northern Trust has launched an investment analytics tool that tracks a portfolio’s risk and performance.

Northern Trust has made three senior hires in its Sydney and Melbourne offices as a response to business expansion and enhanced local product capabilities. Tania Tuxford and David McWilliams have been hired as business development managers and Simon McDon

8 August

People & products

VicSuper reshuffles board

The super fund has appointed its former deputy chair, Wayne Kayler-Thomson, as its chair.

Regulatory change is again front and centre as a concern for super trustees in 2016, according to a new survey.

6 August

Have Govt’s super moves generated an uptick in claims?

More unintended consequences appear to have emerged from the Government’s changes to insurance inside

6 August

Accountants urge closure of SG wage theft loophole

The Institute of Public Accountants has called on the Government to end what amounts to wage theft by closing off

MLC has made give new hires in its group insurance team following the partnership between NAB and Nippon Life.

6 August

MLC Life Insurance appoints group insurance exec

Life insurer MLC Life Insurance has hired Sean Williamson to focus on growth opportunities for group distribution.

Eight-in-10 planners want product providers to help with tools they can use with clients to explain the superannuation changes.

6 August

People & products

JANA appoints head of quantitative analysis

JANA Investment Consultants has appointed Michael Watt as head of quantitative applications as it grows its

The lack of robust data is the most influential barrier for institutional investors to further incorporate environmental, social, and governance (ESG) into investment decision making, according to BNP Paribas Securities Services. BNP Paribas Securities Se

6 August

Institutional investment

Smaller firms lag on ESG reporting

Only 35 of the ASX 101-200 companies have ‘detailed’ or ‘leading’ ESG reporting levels, the lowest standard within

6 August

Food investment driven by tech and innovation

Global food demand will grow by over 10 per cent each decade over the next 30 years, according to First State

TAL has won a TWUSuper mandate from CommInsure in competitive tender.

6 August

Funds management

State Super awards Martin Currie mandate

State Super has awarded its Australian equity mandate to Martin Currie thanks to its equity income strategy.

APRA’s head of credit risk analytics, Guy Eastwood, has been recognised for his contribution to financial sector policy implementation.

6 August

Australian Catholic Super wins ‘Employer of Choice’

The industry super fund has been praised for its recruitment, engagement, and retention by the Australian Business

Industry Super Australia (ISA) has called on the Government to defer the implementation of the corporate regulator’s new Regulatory Guide 97 (RG97) on new fee and cost disclosure rules to take effect in less than a week. ISA said RG97 was fundamentally fl

1 August

Mercer’s Knox rebuts Grattan’s flawed assumptions

Mercer has released a new report authored by David Knox which details the major flaws undermining the Grattan

1 August

Is SMSF sector consolidating?

The self-managed superannuation funds sector is consolidating, according to the latest benchmark analysis from

SMSFs biggest losers

1 August

Hundreds of thousands lose super insurance cover

It is only early days, but already the numbers of superannuation fund members who have lost insurance cover as a

Investment committees and boards tend to take environmental, social, and governance (ESG) issues as a bundle when E, S, and G are not created equally, according to Northern Trust Asset Management. The firm’s senior vice president, head of asset management

1 August

NGS Super signs ACSI Stewardship Code

NGS Super has committed to responsible investing by signing the Australian Council of Superannuation Investors’

Superannuation returns defied early volatility to finish 2016 in positive territory.

1 August

Funds management

APRA claims positive impact from supervisory approaches

Results from APRA’s 2019 Stakeholder Survey have claimed their supervisory approaches are having a positive impact

The myth that equities will always outperform in the long term is false and retirees should not set and forget, according Challenger.

1 August

The dangers of extra super withdrawal

Making extra withdrawals from superannuation every year could still cause problems for members, according to Bob

1 August

People & products

UBS AM appoints Institutional director

UBS Asset Management has appointed Liam McDermott as director for their Institutional Business Development team in

“LGS is one of the first super funds to be certified by RIAA’s new program. We will receive the RIAA responsible investor trade mark for our whole super fund, which endorses our long-standing commitment to superior environmental, social and governance (ES

1 August

Financial advice

ASIC warns super funds on employer inducements

The Australian Securities and Investments Commission has fired a shot over the bows of superannuation funds

Superannuation funds need to adapt and review alternative operating models as pressure from regulatory scrutiny, greater competition, and lower growth increases, according to a Mercer report. Mercer’s ‘Pathways to success’ whitepaper said super funds need

30 July

Corporate super reviews hit unprecedented levels

Just weeks out from some of Australia’s largest financial institutions announcing their full-year results, tender

30 July

SG cost of living claims ‘don’t stack up’

A specialist superannuation consultant has argued that claims around cost of living pressures being increased by

30 July

Funds management

Industry funds model benefits IFM Investors

IFM Investors has attributed a strong year to the virtues of the industry funds model.

Superannuation growth

30 July

UniSuper’s FUA reach record $13bn

Super fund for the higher education and research sector, Unisuper has announced that its funds under advice have

30 July

LGIAsuper selects JANA

LGIAsuper has ended its 17-year asset consulting relationship with Willis Towers Watson by handing the mandate to

Superannuation funds and other institutional investors have not had enough incentive to invest in affordable housing in Australia, according to the Federal Treasurer, Scott Morrison. Addressing an Australian Council of Social Services (ACOSS) event in Vic

30 July

Institutional investment

HESTA aims to address housing affordability

Super fund HESTA has announced a $20 million investment in Melbourne’s apartment project, aimed to improve housing

New research suggests superannuation funds should deploy intra-fund advice platforms alongside administration.

30 July

Funds management

ML the next phase for super funds

Machine learning could be adapted by superannuation funds in Australia as the next phase of the evolution of

Northern Trust has made three senior hires in its Sydney and Melbourne offices as a response to business expansion and enhanced local product capabilities. Tania Tuxford and David McWilliams have been hired as business development managers and Simon McDon

30 July

People & products

SuperFriend revamps executive leadership team

SuperFriend has made several new appointments as key financial services partners had expressed a need for more

Comprehensive income products for retirement (CIPRs) should move to a modest level of compulsion by quarantining a portion of the asset base at retirement to support a defined income at older ages, Rice Warner believes. In its CIPR development framework s

25 July

Lib Senator: Make SG voluntary for low income earners

Former Financial Services Council policy executive and newly-elected NSW Liberal Senator, Andrew Bragg has pointed

The current default super regime has hampered women in engaging in their super, according to Financial Services Council chief executive, Sally Loane.

25 July

Women still at super disadvantage

The latest research published by the Association of Superannuation Funds of Australia has confirmed the degree to

The Australian Securities and Investments Commission (ASIC) has confirmed it has initiated a project which will closely examine life insurance within superannuation. The regulator has flagged that it intends on publishing a report on life insurance within

25 July

2-month delay recommended on insurance inside super

A key Senate Committee has recommended only a two-month delay on the implementation of further legislation

Bank superannuation funds for staff have outperformed the super funds they sell to the public, according to Industry Super Australia (ISA). ISA said over a ten-year period Commonwealth Bank’s not-for-profit corporate staff fund outperformed by 2.8 per cen

25 July

Did SMSFs really perform better on average?

The SMSF Association has used Australian Taxation Office data to claim the average return generated by self-

Market Insights

ESG ‘dating tips’ for asset managers

ESG ‘dating tips’ for asset managers

5 December 2019

Member insights are key to the future of engagement

Member insights are key to the future of engagement

1 October 2019

Why tax optimisation is the next fund frontier

Why tax optimisation is the next fund frontier

21 October 2019

EVENTS

Jul30

Super Fund of the Year Awards 2020

Fannoowww!!!

2030??? He's being conservative!!! Joe Hockey as Shadow Treasurer was talking this way back...

Single super regulator by 2030 1 week 2 days ago

David Williams

Noel Davis is right. Super funds are not a magic pudding for trustees (and APRA) to cut a slice...

Operational risk reserves – what the IOOF case taught us 1 week 3 days ago

A

*Rep 655

Super funds receive ASIC rap over PYSP comms 2 weeks 3 days ago

Dave Peckitt

Hi do you have any info on financial planners in perth? I'm looking to consolidate my super...

Six superannuation consultancies prove stand outs 7 months 4 weeks ago

Not so

The suggestion that Link would have 90% of the fund admin market is just plain wrong. The majority...

Pillar sale brings admin competition into focus 3 years 11 months ago

Graeme Officer

I RECENTLY WITHDREW MY FUNDS FROM MY ACCOUNT WITH YOU AND HAVE LOST THE DOCUMENTATION OF THE...

Qld’s LG Super becomes LGIA 3 years 4 months ago