Editor's Choice
Jo Townsend named chief executive of NZ Super
One of Australia's most experienced superannuation executives will take the helm of New Zealand's sovereign wealth fund, following Matt Whineray's departure late last year.
QMV Legal folds, managing partner to launch new firm
Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm.
Best super fund products revealed
The best superannuation fund products, based on factors such as investment performance, insurance, fees, and organisational strength, have been named.
Platinum bleeds $1.4bn in outflows
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue.
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
I'm not sure if it's a fair comparison to line up shares options next to balanced MySuper defaults. Comparing ESG shares options to standard shares options would be a better comparison, and would show a different story (from a strictly financial perspective)
Focusing on balanced options within workplace super funds, in the year to 30 June 2018 ESG options out-performed regular balanced options on average by 0.7%, by 0.1% pa over three years and by 0.5% pa over five years. Sure it's marginal but that's the point. The message to us at Rainmaker is that well-run investment options be they ESG or regular perform similarly. There are two subsidiary points. First is the massive range that exists within the sector. Eg, over five years, the performance of regular balanced options ranged from 2% pa to 12% pa while the performance of ESG balanced options ranged from 7% pa to 12% pa. Second is that funds should not use ESG as an excuse for under-performance. Put another way, all of us should stop drinking our own Koolaid.