POWERED BY MOMENTUM MEDIA
PIMCO appoints VP, account manager, as they look to retain retirees
PIMCO Australia (PIMCO) has announced the appointment of Sara Higgins as the new vice president, account manager, at a time when the fund manager is looking to retain members.
Higgins will work closely with head of PIMCO John Wilson in Sydney, who said her appointment signals the company's increased commitment to the Australian superannuation market.
"Sara has joined us at a critical juncture in the development of the Australian superannuation industry," Wilson said.
"More and more, our institutional super fund clients are focused on measures to retain retiree members in the fund, and, as part of this, they are looking to develop competitive retirement income solutions."
Wilson said PIMCO will be hosting a series of retirement income forums to discuss how innovative retirement solutions might be developed.
Higgins has seven years of investment and financial services experience, having worked most recently at Perpetual Investment's private wealth division, providing specialist counsel to high net worth clients. She also worked as a strategy analyst with Perpetual's executive office team and board, and in the investment banking division of JP Morgan Bank & Co in the United States.
Recommended for you
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
