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A UniSuper member has accused the fund of potentially breaching its trustee obligations and the Corporations Act in a case reminiscent of one brought against Rest in 2018.
“Talent incubator” Future IM/Pact has partnered with four of Australia’s biggest super funds to help women into frontline investment roles. Investment internalisation is driving some of the interest.
APRA has issued Vanguard a superannuation licence as it prepares to launch a disruptive play for Australia’s gargantuan retirement savings pool.
ASFA wants the YFYS performance test benchmarks tweaked to account for the exclusions and negative screens that faith- and values-based funds use.
Hostplus CIO Sam Sicilia believes the trillions of dollars washing around super could be put to good use in nation-building projects – and that criticisms of investing in unlisted assets are an “absurdity”.
Overseas, Australia’s biggest super fund is a small fish in a massive pond. To achieve the scale it wants it will have to dive deeper into the private markets, meeting stiff competition from its North American peers along the way.
“If you don’t know where you are in a bear market, then you should be in the game… We get asked: ‘is it too late?’ Our view is that it’s never too late to think about defensive strategies.”
“The industry should not be happy to simply sit somewhere in the middle… Increased transparency will drive increased analysis and action. If you can’t measure it, you can’t improve it.”
The spectre of early release still looms large over the industry, and super’s true believers want its purpose legislated to prevent Australia’s retirement savings from becoming a crisis piggy bank.
Allocations to unlisted property, diversified fixed interest, Australian and international shares had the greatest impact on whether an option passed the test or not.
Dotted with various government funds, the Pacific Islands has emerged as a competitive space for NZ and Australian-based investment advisers.
Consolidation among superannuation clients is changing the nature of Citi’s business with them, and increased appetite for nation-building in Australia means plenty of opportunities in private markets.