POWERED BY MOMENTUM MEDIA
Related parties identified as RC issue
It would not be surprising if the Royal Commission recommended additional control around superannuation trustee interactions with related parties, according to an analysis issued by Willis Towers Watson.
The analysis, released this week, reviewed the areas covered by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and suggested the commission’s final recommendations might include the additional controls.
Retail superannuation funds sitting within vertically-integrated structures would be most affected by such a move.
The Willis Towers Watson analysis also suggested that the final recommendations might also focus on commissions and other conflicted remuneration.
The analysis pointed to the summing up of counsel assisting the Royal Commission and the fact that they had suggested that findings could be made that some trustees had not prioritised the interests of their members over those of others such as related parties.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
