Equip Super’s recent performance represents the strong future of medium-sized funds, says chief executive, Scott Cameron, as the fund sets sights on $50 billion FUM.
Rest has announced a new investment in renewable energy developer and fund manager Octopus Australia.
The $85 billion fund has announced a number of senior appointments, including a new COO, CTO, and deputy CIO, as it works towards delivering a refreshed strategy.
The $14 billion fund has welcomed Carson McNamara as head of strategic partnerships to lead its newly created team of strategic partnership managers.
Parliament has passed the Financial Accountability Regime, a recommendation from the Hayne royal commission, which will impose stronger accountability on super trustees.
Liquidating the fund to pay down government debt, as suggested by a think tank, would come at a lost value-add of some $200 billion over a decade, according to modelling by Willis Towers Watson.
Accusing Labor of ‘drip-feeding’ the idea to suit them politically, the Greens has announced its support for planned changes to super tax concessions will be contingent on ensuring super on paid parental leave.
Global investor confidence has seen its largest spike in 18 months, according to the latest State Street Global Investor Confidence Index, with all three regions seeing positive gains.
While well above the long-term average over the last 15 years, satisfaction ratings among super fund members have fallen this year, with retail funds as the lowest-rated category.
How profit-for-member superannuation funds can embed 'commerciality with a heart' and marry a member-first culture with commercial outcomes.