News

The Sydney-based Australian Catholic Superannuation and Retirement Fund has appointed Towers Watson as its new asset consultant, replacing Russell Investments. The $5 billion 90,000-member public offer industry fund has 11 investment options. In the year to June 2012 the growth fund returned minus 3.4 per cent while the My Super balanced fund was minus 1.1…

(Pictured: Martin Stevenson)  In his 42 years in the superannuation industry, Martin Stevenson has seen some changes. Most, he says, have been for the better. But Australia still has a looming retirement incomes problem and the eventual solution is to legislate for some form of compulsory income stream system, he believes. Stevenson retired from Mercer…

(Pictured: Don Ezra) As super funds move away from traditional approaches to measuring their investment success, or otherwise, and the members increasingly focus on expected outcomes, the Fund Executives Association Ltd national conference next month will dissect the topic: “Measuring What Matters Most”. A keynote speaker will be Don Ezra, the Russell Investments global director emeritus,…