Even funds that aced the regulator’s performance test are under pressure to merge with similar funds to tap economies of scale.
Changing market dynamics are highlighting for investors the potential cost of their disproportionate focus on equity risk, according to market experts.
Experts say the drive for consolidation of smaller super funds into a few mega funds misses a key consideration of the role of superannuation: investor engagement.
In the war of words in the lead up to an Australian federal election, super funds are often political collateral damage. Keeping out of the fray is smart, they say, but making a stand is just as important.
Australia's super fund industry looks set to consolidate further as small funds are under continued pressure to perform or amalgamate.
Institutional funds haven't done enough to ensure they are not supporting hostile and repressive regimes with their investors' capital, according to ESG industry leaders.
The chair of the National Council for Social Security Fund of China said the fund must grasp investment opportunities in technology; Australian institutional investors commit $38 billion to UK's green energy transition; Hang Seng Investment Management takes over management of Hong Kong's largest exchange-traded fund from State Street Global Advisors; and more.
TCorp promotes general manager for financial markets; the Australian Prudential Regulation Authority announces executive changes; HSBC AM hires infrastructure equity team from AMP Capital; Franklin Templeton hires Southeast Asia head of institutional from BlackRock; MFS appoints managing director and hires former NPS PM; and more.
Superannuation fund Cbus and Singapore property firm City Developments Limited (CDL) discuss how to ensure minimum sustainability standards for real estate.
Asset managers are increasing the pressure on Australian companies to say more about how they deal with modern slavery issues in their supply chains.
The sovereign wealth fund is exploring a new investment model as it manoeuvres a post-Covid world, an uncertain interest rate environment, and higher-priced assets.
The German insurer has plans for the property sector in Australia and China too.