Super doesn't have to be 'boring', but innovation is keyBY ELIZA BAVIN | WEDNESDAY, 12 MAR 2025 12:25PMIn a world of fast-changing technology, old school thinking is holding superannuation funds back from the forefront, according to industry professionals. Related News |
Editor's Choice
Future Fund cleared to manage select asset classes in-house
Future Fund chair Greg Combet said that the $300 billion sovereign wealth fund has received the green light from the government to manage a portion of its portfolio internally, speaking at a Committee for Economic Development of Australia (CEDA) event in Sydney yesterday.
Small industry super funds beat giants on trust, service, value
Small industry super funds lead on trust, service, and value for money, according to CoreData's annual member engagement survey.
Investor optimism premature, fund flows in firing line
While investor sentiment has improved since Liberation Day, geopolitical and tariff uncertainties will continue to deteriorate fund flows for asset managers, Morningstar predicts.
Geopolitical risks force family offices into alternatives, cash: Survey
Geopolitical uncertainties are forcing family offices out of US equities, diversifying into cash and liquid alternatives, according to BlackRock's annual Global Family Office Survey.
Products
Expert Feed
Are US assets becoming less desirable?
There has been so much commentary, including by us, on the twists and turns of US trade policy - notwithstanding the latest 90-day truce with China - ...
Founder-led companies: What investors need to know
Founder-led companies have long been a lucrative hunting ground for investors.
Elevating your emerging markets game plan
Do emerging markets still belong in a modern investment strategy? If so, how do we appropriately weight emerging markets exposure?
AI, alternative data and sustainability in focus
As AI and alternative data reshape quantitative investing, here are some key insights from discussions with institutional investors.
Featured Profile
John Burke
GLOBAL CHIEF EXECUTIVE OFFICER
BENNELONG FUNDS MANAGEMENT LTD
BENNELONG FUNDS MANAGEMENT LTD
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet. Andrew McKean writes.
The engaged use of AI allowing interactive voice engagement with personal advice attached through an SoA in intrafund advice is what I would term innovative and importantly, live right now. Source : Otivo Pty ltd . ( conflict declared)
However the Super industry is going to morph back into the days of mutuals (who they replaced) unless they embrace what's available rather than trying to boil the ocean and build everything in-house. Most of the funds are so heavily engaged in IT with mergers and takeovers and this coupled with APRA at their heels makes it "easy" to defer easy leadership initiatives with member benefits.
Here is fact: if a super fund wants to launch a full personal advice service without AFSL risk and wants it to be scalable to thousands of members not just those that can afford it - it's here and can be live within 4 weeks. The teams of procurement officers cost more than the service does - ironic or what ? ....the issue is human capital and focus by CEOs to force change as visionaries.