... default their 9.5% of salary into the super fund their trade union or employer has chosen, most of these the so-called industry funds. The system protects these funds from competition because competing funds can't get onto the default list. While competition ... Read more

... up. "It was clever I have to say because I wasn't thrown in at the deep end in terms of exposure to clients or to the industry straight away so I was able to climb that learning curve gradually," Holden says. Although she is not an industry veteran ... Read more

... go with a low carbon passive and it's going to solve all our problems,'" she says. Earlier this year Cheang and other industry colleagues presented at the Australian Superannuation Investment (ASI) conference, speaking about super funds transitioning ... Read more

... superannuation online service to offer you," she says. She says engagement is about what satisfies the member, not how the industry measures it. The super industry can "get trapped by this engagement world. Engagement is about what satisfies me as a ... Read more

... skill and attention that we [Challenger] do. It's also about having the capital. The fact is the DC model and the industry fund model is one that really doesn't have shareholder capital backing it. And to make concrete promises in retirement, you need ... Read more

... everyone, said Sicilia. For example, retail funds may not necessarily open their doors to their counterparts in a way that industry funds could, for commercial reasons tied to the parent entity of retail funds. However, a broader investment opportunity ... Read more

... take some control." Self managed super is the fastest growing superannuation sector, outpacing both its retail and industry fund cousins. Australians contributed $24 billion into self managed super funds in the 2010-11 financial year, according to the ... Read more

... also continuously investing in our capability particularly in engaging members, that's a very innovative space in the industry right now," he said. Read more

... Good Super). Of course investment is not always the main driver of choice. The benefits of a fund to member may be more industry aligned, for example the insurance offering provided by Cbus to construction workers. Because of Cbus' huge buying power ... Read more

... terms, this puts the regulator in a vulnerable spot. If you're looking for a culprit to blame, it's not tiny SG-dependent industry funds but the retail sector because 75% of these tiny allegedly 'too small' funds are theirs. But none of this matters. ... Read more