fees

Australia’s pension funds cricitised

As the fifth round of Australia’s financial services royal commission came to a close, counsel assisting criticised many retirement savings funds for their retention strategies, conflicts of interest and other practices deemed not in members’ best interests.

Ben HurleyAugust 28, 2018

Organisational Design

Inquiry hits Australian superannuation

Everything from charging dead people fees to trustees nixing mergers out of self-interest has emerged, as royal commission hearings have exposed big flaws in the world's fourth-largest pension system.

Amanda WhiteAugust 17, 2018

Asset Allocation

Australia’s LGS goes active and thrives

Just seven years after restructuring around a passive core in response to the GFC, Australia's $8.2 billion Local Government Super has found confidence and success in active management.

Amanda WhiteJuly 19, 2018

Asset Allocation

CalPERS wants PE revamp to move quickly

The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.

Sarah RundellJuly 18, 2018

Fees

GPIF fee structure aligns interests

The world’s largest investor restructured how it pays its active mandates to get more certainty from managers. Its actions, which were taken after self-reflection, will affect the entire sector.

Amanda WhiteJune 25, 2018