The Actuaries Institute has suggested three main initiatives to help address the gender gap in retirement in a study prepared to coincide with the current ‘2021 All Actuaries Virtual Summit’. The report by a group of prominent actuaries and super specialists, tackles the decades-old issue of women retiring with less money than men from a…
LGIA Super, in the process of merging with Energy Super, last week (April 30) confirmed the appointment of National Asset Servicing as custodian for the new fund. This follows last week’s announcement that LGIA will buy the Suncorp wealth management business, making only the second industry fund to buy a retail-orientated business after First State…
Actuaries are looking to broaden the horizons of their profession, while cultivating innovation and entrepreneurship and also giving themselves an image boost in the process. These aims were outlined in the opening plenary session of the Actuaries Institute last week (April 27) in what must be the longest industry conference ever held. It is the…
Evergreen Consultants has teamed with Generation Life for the launch of an ESG-orientated multi-manager investment bond, believed to be an industry first. The bond follows a model portfolio developed by Evergreen, called the Responsible Growth Model. The research and ratings firm says the model was created to provide advisers and investors with a long-term portfolio…
After repeated and universal criticism from all major super industry bodies, the Government has agreed to two amendments to its performance benchmark as part of the Government’s proposed Your Future, Your Super legislation. The Government announced last week (April 28) that it would allow the inclusion of infrastructure and unlisted property as well as administration…
Michael Rice officially entered the wind-down period of his career last Friday (April 30) with the completion of the sale of Rice Warner, now to be known as Deloitte Superannuation. All but a handful of administrative staff transferred, moving out of the heritage-listed 2 Martin Place office, around the corner and a few hundred metres…
The China growth story is putting increasing pressure on index providers to maintain the integrity of their indices. Emerging markets indices, for instance, may be becoming irrelevant. According to Rob Lovelace, the president and vice-chairman of Capital Group and one of the world’s most influential investors, the index providers “don’t really want to be the…
While the consensus view of credit markets is that investors should be long, at least one credit manager, Maurice Meijers of Robeco Asset Management, takes the other side. In the global equity and fixed income manager’s quarterly outlook delivered last week (April 22), Meijers, the chief executive of the firm’s Singapore business and a fixed…
It was little more than a year ago that trading spreads across a range of instruments had blown out to record levels, courtesy of the first market impact of covid-19. Now, they are as narrow as they have ever been. It’s that sort of volatility with which most of the investment community has had to…
While ESG investing through equities attracts most of the limelight, fixed income is increasingly gaining the attention it deserves. The asset class is, after all, about 40 times the size of the equities market. In a webinar last week to coincide with World Earth Day (April 22), Insight Investment Australia hosted Joshua Kendall, the firm’s…
