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Advisers should rethink portfolio construction: La Trobe
La Trobe Financial has urged advisers to broaden portfolio construction beyond traditional equity and bond allocations, arguing that slowing productivity, persistent inflation risks and changing market dynamics require greater focus on real assets and private credit.
Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings
With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest Investment Management going ahead.
Pinnacle profits up amid heightened expenses
Despite heightened expenses of $95.3 million in FY26, reflected by losses from its principal investments, Pinnacle Investment Management (ASX: PNI) saw its net profit after tax (NPAT) surge to over $30 million, with affiliates' funds under management (FUM) also gaining $50 billion, in the 12 months ...
ASIC consults to improve flexibility around pre-IPO comms
ASIC has released a proposal to provide companies greater flexibility when listing on the public market to publicise their upcoming initial public offering (IPO).
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Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.







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'.