With the advent of the Retirement Income Covenant (RIC), super funds can finally move forward on the decumulation phase. But they shouldn’t try to “boil the sea.”
The founder of Hyperion Asset Management and ECP has in recent years focused his philanthropic efforts on restoring master works from ages past.
Life isn’t always easy at the small end of town, but the $5 billion legalsuper is kicking against APRA’s orthodoxy that bigger is nearly always better.
The new corporate collective investment vehicle (CCIV) could create new markets for Australian fund managers and bring international managers to Australian shores.
With a new CEO at the helm, the charitable listed investment companies first set up by Geoff Wilson in 2014 will now start funding organisations focused on addressing mental health issues before they occur.
Big super’s long march toward the future will be fruitful. But adopting the Canadian Model of pension management means coming to grips with the dual questions of legitimacy and governance.
Labor can do little to change the past. But a win in May could usher in a new era of co-operation between big super and the government. There were no surprises in shadow finance minister Stephen Jones’ speech to the 2022 ASFA conference. There is little that Labor can outright promise the industry aside from…
AMP Capital is effectively no more, sold off to a menagerie of domestic and international managers. But the challenge of turning AMP around has barely begun. The wretched story of AMP’s attempts to spin off its asset management arm, AMP Capital, has perhaps commanded more attention than even the savaging the wealth business received during…
Big super seems to be experiencing an identity crisis. But former federal treasurer Wayne Swan has provided a unifying vision for Australia’s gargantuan pool of retirement savings. Former federal treasurer Wayne Swan’s speech at ASFA’s 2022 conference comes as super experiences something of an identity crisis. Executives are fretting over how to maintain their culture…
In less than 20 years there will likely be a trillion-dollar super fund. So how will it throw its awesome weight around? It might have been premature to label AustralianSuper our first mega-fund. After all, it gives little room to move when coming up with a descriptor for a fund that will someday manage $1…
