Super

After announcing his departure from the role, Australian Retirement Trust chief Bernard Reilly tells ISN why the fund “hasn’t missed a beat” since the merger that created it and how the arrival of the megafunds heralds a new era of “co-opetition” in the super industry.

ASIC has launched civil proceedings against Australia’s biggest super fund over allegations it failed to consolidate the accounts of 90,000 members and continued to charge them fees.

As the Australian Institute of Superannuation Trustees disappears, a piece of super history – one that led to the creation of many of the institutions the industry relies on today – is likely going along with it.

Everybody’s anticipating a sweeping technological revolution, but they haven’t stopped to think about whether they’ll actually profit from it. More likely than not they’re holding onto horses when everybody’s making cars.

The creation of a new investment data platform underpins Aware’s march to managing half of its projected $250 billion FUM internally. State Street is providing the glue that holds it all together.

The megafund is expanding its sustainable investment team as it adopts a new climate change strategy and fields increased interest in its approach from new corners.

Australia’s second-largest super fund just got a little bit larger with a big win from the corporate fund strategy one of its predecessor funds embarked on almost six years ago.

Two of Australia’s leading superannuation bodies will soon be no more. In their place will be a new, merged entity intended to be a “powerful advocate” for the superannuation system and the funds that comprise it.

With Cbus eyeing the $100 billion mark, it’s figuring out what it can do well and what should be left to everybody else. And while other funds can’t wait to head overseas, it’s decided to stay home.

One of Australia’s largest super funds is now also one of its largest owners of retirement living assets following the acquisition of 100 per cent of Oak Tree in a demographic play.

The $74 billion industry fund is now managing roughly 10 per cent of its assets in-house, with plans to get more bang for its buck in its sustainable strategies too. But it won’t be abandoning its hybrid model anytime soon.

Unlisted assets deliver high risk-adjusted returns across market cycles but come with inherent challenges, especially around valuation. For super fund trustees, the importance of ensuring accurate valuations to fairness and member equity can’t be overstated, says Frontier Advisors.