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Superannuation assets inch to nearly $4.8tn
Total superannuation assets hit nearly $4.8 trillion in the last financial year, marking a 9% rise, namely driven by the rise of industry funds.
Australian instos inject $705m into Nuveen strategy
Brighter Super and JANA are among a group of Australian institutional investors who have injected $705 million into Nuveen's Arcmont Asset Management European direct lending strategy.
Macquarie names new wrap platform lead
Macquarie has appointed a new head of wrap platform after Michelle Weber stepped down from the role following a 13-year tenure at the company.
Invesco APAC head to retire
Invesco Asia Pacific chief Andrew Lo will retire from the global asset manager next March after 32 years with the firm, closing out more than three decades spent building its presence and partnerships across the region.
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Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.







These amounts are extremely high particularly given the sameness of many of these funds and their historical roots in trade unions. Over a million bucks to do your best to perform like everyone else and pretending to look after the workers? Wow....
We don't pay commissions
Industry Super Funds....only run for the benefit of our members!!
Two things come to my mind.
1 - We have all seen the commercials showing a large hand in the pockets of superannuation Funds members. From reading this article one has to wonder who's hands are these?
2. Considering the earnings of most members of the above mentioned Funds, isn't it disgraceful to see the enormous gap?
Most members, if not all, will never see in their lifetime, an amount as large as the amounts "earned" by these executives in a year.
It is amazing the lengths some funds go to to hide their disclosures on their website but you can find it after about 20 minutes of searching under "Relevant Disclosures".
Animal Farm is as relevant today as ever!
Granted, these salaries (over $400K in my opinion) are excessive but let's see some salaries (profit margins) for financial advisers, banks and retail fund senior management.
No matter how the above contributors spin it, individual retirement benefits are maximized if you are a member of an industry fund. This includes SMSF and retail funds. Read some Alan Kohler for his opinion on Retail Superannuation Funds and Retirement Villages. It's especially enlightening for retirees.
The stats say it all and the Government are committing a crime against the community is they continue on their present course of destroying the non-profit essence of industry funds, in favour of the big banks.
And now for the retail funds salaries please?
But Industry Super Funds claim they have low fees and are run entirely for the benefit of members.
To Gratuitous Adviser - please explain how retirement benefits are maximised, when a decent, low-cost Retail Super fund with a SIMILAR investment/asset mix perform much the same. This is the fallacy perpetuated by millions of dollars spent on advertising.
Oh yes, ask AK. Like he doesn't have his own barrow to push? Just because he is on the (severely biased) ABC doesn't mean anything these days. I don't expect we will see this article appear on a poorly disguised 'Consumer benefit' program.
I suppose on top of the salaries, you'd add the benefits like the numerous visits to the corporate boxes at various sporting stadiums etc. More like 'Run to benefit Fund and Advertising Execs'.