QSuper chair Karl Morris opens up
In this Q&A, the chairman of Queensland’s $72 billion superannuation fund reflects on going public offer, launching an insurance arm, and the much-debated representative trustee board model.
In this Q&A, the chairman of Queensland’s $72 billion superannuation fund reflects on going public offer, launching an insurance arm, and the much-debated representative trustee board model.
Numerous surveys suggest that Australians are not completely satisfied with superannuation as it exists today. First, fund members tend to think that they will not have enough to retire and second, that investment plan providers are not necessarily acting in their best interest. In this context, we asked in a recent study supported by AXA
One of Australia’s largest superannuation funds, the $27 billion Sunsuper, is adamant that it gets value out of its large hedge fund program. This is against the grain in Australia, where many large funds (with the exception of the Future Fund) choosing not to invest in hedge funds. So why does Sunsuper favour hedge funds?
Australia, the US, Canada and Denmark have all done it. Kazakhstan and even Oman are talking about it. Increasingly, public sector pension funds are merging or pooling their assets into fewer bigger schemes. It’s no surprise the debate is gathering momentum in the United Kingdom, ripe for consolidation with a Local Government Pension Fund Scheme
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