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Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the Commission's proposal for a top 10 default list is a "blunt mechanism that will be needlessly disruptive and fails to address the more serious problem of ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... with these gargantuan policy challenges, the PC's flagship recommendation for a Best In Show shortlist of consistently top performing super funds may seem over the top and the mechanism to decide this shortlist cumbersome. But if critics have a better ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
Colonial First State has topped up a Morgan Stanley mandate, as it fine-tunes the fixed interest exposures in its employer super's lifestage options. Morgan Stanley's Total Return Strategy is now managing $134 million for the FirstChoice Employer ...

Pension fund giant mandates Fidelity

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Japanese equities, benchmarked to the TOPIX. Fidelity declined to comment on the mandate's amount. The GPIF has held the top rank Willis Tower Watson's list of the world's largest pension funds since 2002. It had US$1.4 trillion in 2017 ...

MetLife Australia wins tech award

KANIKA SOOD  |  TUESDAY, 8 JAN 2019
... Super's members last year. MetLife chief information officer Tim Batten's team snagged a spot on ACORD's list of the top leaders in insurtech for 2018 for the re-released product, on December 18. The insurer is the only Australian company ...

WestConnex among largest infrastructure deals in 2018

KARREN VERGARA  |  TUESDAY, 8 JAN 2019
The WestConnex Motorway ranked among the largest infrastructure projects by deal size globally in 2018, latest Preqin data shows. Backed by the Abu Dhabi Investment Authority and a consortium that includes AustralianSuper and Transurban, the $9.26 billion ...

Private markets attractive for global institutions: BlackRock

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
... institutions will focus more on ESG strategies and impact investing. Reducing home market bias and increasing diversification was a top three consideration for institutions in the Asia Pacific region. Conway said it was important BlackRock's clients ...

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
... to report on IOOF's progress as it attempts to address governance issues raised publicly by APRA on 7 December 2018. On top of the reviewer's quarterly reporting, both APRA and IOOF have also agreed to meet monthly. The regulator has previously ...

Super funds edge towards a flat 2018

DARREN SNYDER  |  THURSDAY, 27 DEC 2018
... funds with a more conservative approach to investments managed the downside risk better. And there were some new names at the top of the MySuper/Default performance tables when it mattered. In the 12 months to 31 October 2018, the First Super Employer ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
Need a Royal Commission refresh? Here are the top stories you needed to know in 2018. Meller leaves AMP After a difficult appearance at the Royal Commission's hearings into financial advice, AMP's outgoing chief executive made a swift exit ...