POWERED BY MOMENTUM MEDIA
Liberal candidate with industry fund credentials
Controversy has emerged around a Victorian Liberal Party Senate pre-selection candidate who also happens to be a staffer within Australia's largest industry superannuation fund, Australian Super.
The candidate is Jane Hume who, apart from describing herself as a Senate Candidate for Victoria for the Liberal Party also describes herself as being a Senior Policy Adviser at Australian Super.
Hume's employment within the industry fund has given rise to a Facebook discussion in which some participants have expressed concerns about her position on key Government superannuation policy such as fund governance and choice of fund.
One participant in the discussion stated, "All Senate Candidates should make a public statement supporting Federal Minister [Assistant Treasurer] Kelly O'Dwyer's reform agenda, which includes: EBA Reform for Super, full choice for Default Super Funds & Independent Directors for all Industry Super Funds. Right now".
However Hume's background reveals a long career in the financial services industry including positions at National Australia Bank, Rothschild Australia Asset Management and Deustche Bank. Further, she has held office on Victorian Liberal Party committees and was a Liberal candidate in the 2010 Victorian election.
A number of former senior Liberal politicians are now serving on the boards of industry funds organisations, Hume is possibly the first person to be employed by an industry fund prior to becoming a Liberal politician.
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment