Willis Tower Watson’s Thinking Ahead Institute has recently concluded its 2019 World 300 annual study of the largest pension funds in the world. As of 2018, there was US$18trillion in assets under management, down 0.4% from the previous year, which was up 15.1%. Pretty eye-watering stat that one.
In this article, Simon Hoyle takes a closer look at the financial advice industry and what he predicts will be a “supply-side problem”.
Reading it has prompted me to reflect on my own observations of the advice industry from a recruitment (and personal) perspective.
Over my more than a decade in recruitment I have been asked on several occasions to recruit financial planners.
The first was in 2008. READ MORE
It has been recently confirmed that Statewide Super, WA Super and Tasplan are currently considering a merge with all three funds signing a Memorandum of Understanding.READ MORE
Woman in Super (WIS) announced that they will be continuing their collaboration with AGSM@UNSW Business School by providing women a chance to win four scholarships to a leadership course of their choosing at AGSM. READ MORE
HESTA announced yesterday that Rob Fowler, their executive of investment execution will be retiring in July this year. In HESTA’s media release announcing this change (which can be found here), the fund’s current CEO, Debby Blakey is noted to point out that “Rob was the second HESTA employee hired in our investments team and over many years he has made an amazing difference to the financial future of our members through delivering strong, long-term investment performance” .
In light of this change, a new role will be created to lead the investment team at the fund with the position of ‘Head of Investment Execution’. This person will report to HESTA CIO, Sonya Sawtell-Rickson, and will be a member of the senior leadership team at HESTA.
No doubt the search is now underway at HESTA to fill Rob’s shoes at the fund and we will be keeping a keen eye on how this search pans out!
The Federal Government has commenced acting on the recommendations made by the Royal Commission following their review of the banking, superannuation and finance industry.READ MORE