Editor's Choice
Australian Unity to shed 195 roles
|Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.
Count shutters limited-advice business, slips in size ranking
|Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.
First Super recruits head of investments from Prime Super
|First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.
BMO eyes Euroz Hartleys' capital markets business
|Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.
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Featured Profile
David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
So if super funds had invested in the Sydney cross city tunnel, Lane Cove tunnel, Clem7, BrisConnections, Macquarie Airports, Macquarie Infrastructure Group, it would have increased productivity and growth....really? It would have burned a whole lot of super funds as opposed to retail mum & dad investors.
Super funds will invest in an asset if the mathematics and risk/return dynamics stack up...that is what trustees are entrusted to do....no more, no less. It doesn't matter whether the asset is commodities, ag, precious metals, land or bonds. No different to any other type of investor. Anything else and member's retirement nest eggs are being compromised...are they not?