Australia’s superannuation system has been recognised as one of the best pension systems in the world, largely due to the introduction of compulsory contributions in 1992. According to the latest APRA data, Australians since have amassed approximately A$2.5 trillion in retirement savings. However, the rapidly growing number of baby boomers heading into retirement combined with longer life expectancies, has pushed the system into a critical tipping point. According to DST’s Sam Higgie, this presents an enormous opportunity for superannuation funds and life insurers. The big question is: are they ready?
Our very first jobs can teach us lifelong lessons - about our character, skills, ethics, and sometimes, that we’d rather be doing anything but this! Industry Moves asked a selection of our featured movers to reveal their introduction into the workforce and discovered that their first jobs were as varied, and interesting, as the professionals they became.
Despite dire warnings from some of the world’s economic think tanks at the beginning of the year, the sky has not yet fallen in and 2017 has proved to be a pretty good year for investors. In more good news, this year Industry Moves reported on 1,426 moves, 849 of which were appointments, with a plethora of newly-created roles and boutique start-ups.
We've covered some interesting topics in our weekly insight pieces this year - from the neuroscience behind investment decision making, to how to prepare your organisation for the digital age. We've also been introduced to some of the industry's newest ethical investment options, as well as the push for workplaces to be more diverse and flexible. As the year draws to a close, we take a look back on the most thought provoking ideas of 2017 and the thought leaders and change makers behind them.
Well, 2017 has been a big year - aren't they all - and for some of our industry's longest-serving employees it has signalled time for a change. This week, we pay homage to a dozen of those who have served impressive innings at their respective organisations (with 221.5 years served between them) and are moving on to pursue new opportunities both in and out of the industry.
For many financial advisers, fintech is thought of as a negative disruption, rivalling their traditional business models with technology that could eventually take away their jobs. However, a new report from the Financial Planning Association may help allay fears, as it spotlights the products that are designed to improve efficiency, reduce costs and optimise valuable face-to-face client time.
Professor Julie Cogin is an advocate for effective flexible workplace initiatives and a trailblazer for women in the workplace. In 2016, she was named as one of Australia’s women of influence in the category of diversity. Speaking at yesterday's Women in Super boardroom lunch in Sydney, hosted by MFS Investors, she shared her latest research on the impact that flexible workplaces can have on organisational performance.
Research shows that finance students learn best when managing real money, which is why Queensland’s Griffith University has allocated $250,000 towards an investment fund that will allow third-year and Master of Finance students to trade on the ASX. Industry Moves speaks with Associate Professor, Robert Bianchi, about the process for setting up the fund, the decision to invest in only socially responsible companies and where he sees the future of the industry.
A few weeks ago, Industry Moves caught up with some former Australian-based movers who have settled into new lives abroad and enjoyed hearing their tales of adventure. This week, we bring you part two of our 'Australians Abroad' series, highlighting the stories of three senior execs who have settled in Hong Kong and the UK. We ask them to share some local issues that are influencing their work, what they enjoy most about their new homes and the advice they'd offer those who might be thinking about taking the plunge!
Following in their fathers' footsteps has been a generational trend for Michael and Matt Heine, joint managing directors at netwealth. This week, we speak with the father/son duo about the lessons learnt from one another, some new developments alongside their transition to life as a listed company and some 'lessons from history' that help to steer their family in the right financial direction.
This week, Industry Moves catches up with some high profile movers who have left our sandy shores and are now settled in the USA, UAE and the UK. We ask their advice on how to best settle into a new culture, about the local issues that are influencing their work, and to share what they most enjoy about their home away from home.
SuperRatings’ Fund of the Year awards is a night for the industry to let down its hair and celebrate the funds that have stood out from the pack. Last Thursday, 430 people attended the 15th annual award ceremony, at Melbourne’s Grand Hyatt hotel, which saw Sunsuper take out the crème de la crème of awards, Fund of the Year, for the third time in eight years, and HESTA named as the inaugural Career Fund of the Year for providing the best offering tailored to its sector. Industry Moves was there too and we're delighted to bring you a round-up of what the winners had to say, as well as a peek at the winners from years passed.
With three quarters of 2017 done and dusted, we bring you a snapshot of the appointments and departures for the last quarter - including the percentage of female appointees - plus a comparison report, year on year, since 2014.
What advice would you give to someone just starting out in the finance industry? That’s the question we've posed to a range of experienced industry executives as part of our regular weekly Q&As. From an industry pioneer about to step down, to an entrepreneur who has left finance for a career in mixed martial arts, we bring you excerpts from their pearls of wisdom for the industry's shiny new recruits.
Three hundred seats have already been reserved at the Grand Hyatt Ballroom in Melbourne for the SuperRatings and Lonsec Fund of the Year Awards Dinner. It is the 15th year that SuperRatings, and more recently Lonsec, have acknowledged and awarded those funds at the top of their game. With the nominations for the awards recently announced, and with just 2 weeks to go before the black tie event, we list the funds in the running for this years awards and take a closer look at the individuals nominated for the BTIM retirement innovation award.
With an analytical eye, Industry Moves has been viewing its data vault since 2013, to find out how the industry's women fare when it comes to CEO appointments. Below is a snapshot of our research and a look back at some of the impressive women who have been awarded the top job!
With cancer estimated to claim the lives of more than 47,753 Australians this year and costing the nation more than $4.8 billion per year in direct health system costs, TAL has decided to equip its financial advisers with the knowledge to better understand cancer and its effects through a new education course. Industry Moves speaks with TAL's GM for Health Services, Dr. Sally Phillips, and GM for Retail Distribution, Niall McConville, who tell us more about the desired outcomes of the course, how it came about and share some of the feedback from participants so far.
Queenland’s Palaszczuk Government has recently announced its second social impact investment initiative, the #YouthChoices Social Benefit Bond (SBB), which aims to reduce the current 80% recidivism rate for young offenders in the QLD region. The Bond, arranged by NAB, will fund a therapy program to be delivered by one of Australia’s largest social purpose organisations, Life Without Barriers. With investments due to close in just under two weeks, Industry Moves caught up with James Waddell, Director for NAB’s Capital Financing Product Group and Brad Swan, Executive Director, Strategy and Engagement at Life Without Barriers, to find out a little more.