Nick Callil and Dante De Gori: Over the policy horizon

The Productivity Commission has started the journey to understanding how the superannuation system can deliver sustainable retirement incomes. This session looks at how to deliver clear objectives that cater to diverse circumstances of retirees, especially as the economy and financial markets experience extreme strain. The session considers the immediate challenges with unemployment, early access to super and the advice gap as anxieties mount.

Speakers: Nick Callil, head of retirement solutions, Australia, Willis Towers Watson and Dante De Gori, chief executive, Financial Planning Association

Moderator: Matt Smith, director of retail content, Conexus Financial 

Length: 42 mins

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NZ Super cuts benchmark return expectation on US valuation concerns

NZ Super cuts benchmark return expectation on US valuation concerns

A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark. Co-chief investment officer Brad Dunstan also flags underweight commodity exposure as an area to address and explains why the fund remains sceptical of illiquidity premia despite seeing a growing case for private markets.

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Switzerland’s rail fund SBB takes on more risk

Convinced higher interest rates signpost higher anticipated returns ahead, Pensionskasse SBB, the Bern-based pension fund for employees of Switzerland’s state-owned railway company, will increase its equity allocation including private equity. It plans to add managers in both public and private equity.

Temasek’s approach to AI: Support portfolio companies create value

Temasek's CIO Rohit Sipahimalani explains the investor is approaching opportunities in generative AI by focusing on supporting portfolio companies apply the technology so they can better create value.

Norway SWF tops list of most transparent funds globally

Government Pension Fund Global, Norway’s giant sovereign wealth fund, has topped the list of the most transparent funds in the 2023 Global Pension Transparency Benchmark, beating last year’s winner CPP Investments by only one point.

Canada, The Netherlands lead the way on pension transparency

Canada is a standout in the transparency of pension fund reporting, topping the list of countries for the third year in a row. The top five countries were rounded out by The Netherlands, Australia, Sweden and the United Kingdom.

GPTB 2023: The funds that excelled

The highest scoring funds overall in the 2023 Global Pension Transparency Benchmark were also among the biggest improvers. Both Norway’s Government Pension Fund Global and AustralianSuper increased their scores by 14 points and were the biggest improvers in the top 10. Others included CDPQ, CalPERS, and PFZW.

Transparency improvements but more work needed on cost disclosure

This year's GPTB scores reveals an improvement across all of the four value-generating measures of cost, governance, performance and responsible investment, but cost transparency remains a laggard.

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