AMP has cut redundancy pay maximums and notice periods in a move that has left long-term employees dismayed after they stuck with the company through the royal commission and its aftermath.
In the accumulation phase the super fund CIO and investment team is at the wheel. But as more and more members start retiring they’ll have to share the driving.
State Street has been appointed to provide custody and administration to the $32 billion superannuation fund, with its Brisbane presence one of the key factors in the win.
Investors are worried that a market bloated with big tech companies is about to burst. But prices are high for a reason, and few can fathom the force of AI tailwinds.
With more and more money to invest every year, the megafunds think their future lies offshore. That leaves plenty of homegrown opportunities for the likes of the $32 billion Brighter Super.
Its outsized performance means that private credit is probably the asset class of the decade. But is that performance a real standout, or “more sizzle than steak”?
Megafunds might be thought of as lumbering beasts of the ASX, but taking advantage of market dislocations means moving pretty quickly. “Size, scale and power” in manager relationships helps.
India might be a matter of “when, not if” for Australian super funds, but the Maple Eight and other Canadian pensions are well ahead on investing in what will soon be the world’s third largest economy.
The big institutional investors that have thrown their weight behind the transition can’t get enough wind and solar. But that means a lot of money is now chasing a small chunk of global emissions, according to Kerogen Capital.
KPMG’s latest Super Insights report shows the future shape that the industry might take, with distinct cohorts of funds now emerging across size and service. But there’s little positive sentiment to be found about funds online.
