The ASIC report into death benefit claims revealing the devastating impact of poor industry practices on grieving Australians has again highlighted the pressing need for change. While some funds have taken up the cudgels, others are still playing hardball on improving their service offering.
A Retirement Income Covenant obligation notwithstanding, there is still a paucity of these complex products on offer. The Advice Through Superannuation draft legislation might offer a way forward.
Calligeris returns with role at Zurich
Pictured: Emmanuel Calligeris
Emmanuel Calligeris, the former CIO of ANZ Global Wealth and the Optimix multi-manager fund, is to join Zurich in an asset allocation role.
Calligeris headed up Otimix under several owners for nearly 20 years before leaving ANZ’s OnePath business in February this year. His departure followed the integration of the management of the $10 billion fund with other ANZ investment operations.
Optimix was sold by UBS Global Asset Management to ANZ in February 2012. It had been purchased only a year earlier as part of ING Investment Management.
