He added that deferred incentives helped with retention and aligned with First State’s “commitment to deliver sustainable long-term returns to members”. Cbus View Total Assets Superannuation Australia and Pacific 12. Established in 1997, we are committed to working hard for our members so they can enjoy the retirement lifestyle they deserve. Prior to the merger, UniSuper had been the trustee for the SSAU. “At First State, our remuneration and reward structures seek to have a direct connection to member outcomes,” Hill said. Other super funds managing sizeable portions of member savings in-house include AustralianSuper, the country's biggest industry super fund, Telstra Super, Equip Super and Cbus. The fund has over 450,000 members and $85 billion in assets. In sharp contrast to other large industry funds, UniSuper has a low exposure to unlisted assets. It’s easy to find all your super and bring it together into one account. RBA's rate cut to 'hurt recovery', savers, Hybrid solution should end virtual AGM push, AMP investors still bullish on break-up despite offer, Wrong benchmark used to identify super slowpokes: industry funds, How age pension can help retirees deal with super losses, First State Super's deal could be the most important of the year, Rudd and Keating's rant won't fix the super system's flaws, From BlackRock to Cbus, Justin Arter's super move, Buy, hold, sell: Afterpay, ANZ, Transurban, Woodside Petroleum, CSL, Ruslan and Anastasia Kogan: The making of a power couple, Why Disney's focus on streaming gives it a long growth runway, The first-time female investors backing Adore Beauty, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Art finds unexpected new homes amid pandemic, Romance in a perfume bottle, 100 years on, Everything but the crowds: Behind the scenes at the Melbourne Cup, Australia's cattle kings and queens on top of the world, The full list: Australia's wealthiest 200 revealed. UniSuper is a not-for-profit company whose shareholders are 37 Australian universities and is governed by a corporate Trustee, UniSuper Limited. Why? Whether this leads to higher or lower incentives is yet to be determined.”. Chat to a UniSuper expert to learn how to make the most of your super. Please login via linkedin to post a commentLogin via LinkedIn. Stay with UniSuper Insurance to protect your growing family of little thinkers Your super comes with insurance (if eligible) to protect you financially through life’s most difficult times.

Here to help you make the most of your super. What are the investment opportunities in a zero-rate world? $591k, acting 12/18 to 6/19, deputy 10/17 to 12/18, 25% of STI deferred 2 yrs, LTI unvested benefits, not disc, band $337- $475,150+, avg. Second place went to AustralianSuper’s Heather Ridout, who was paid $253,602, while First State’s Neil Cochrane received a total remuneration package of $210,087. By comparison, 22 out of 55 chief executives and the same number of CIOs received short-term bonuses as part of their total payout. investmentmagazine.com.au. Now in its sixth year, the survey includes remuneration for non-profit licensed super funds for the financial year ended June 30, 2019.

HESTA, formed in 1987 by the health and community services industry, is the Australian industry superannuation fund for health and community services workers. Why on earth would you think Superannuation... , One major industry fund does charge for intrafund advice, UniSuper climate plan has ‘loopholes’: Market Forces, Super website for First Nations people launched, Super funds prefer to talk behind closed doors on climate, Most group insurance provide cover for COVID-19, UniSuper suspends stock lending program indefinitely, UniSuper only paying lip-service to sustainable investment, 2019 rebound helps AustralianSuper retain top spot, UniSuper announces chief strategy and marketing officer, Super industry delivers decade of positive FY returns. Topping the list of chairs was TWU Super’s David Galbally, who took home $284,400. “Our focus is on ensuring greater retirement outcomes for members and the CIO performance incentive is related to significant influence on fund performance and results,” she added. *Past performance is not an indicator of future performance. We aim to be at the forefront of the super industry as we transition to a low carbon world and our climate change position statement outlines the scope of our commitments. Join the revolution in 60 seconds.

CIO John Pearce explains why. Former Mine Super CIO David Bell discusses the appropriate maximum remuneration for an executive. UniSuper Balanced. We’ve grown to be one of Australia’s largest super funds with more than 450,000 members and $80 billion in funds under management. LTI is Unvested benefits accrued, retired 30/11/2018. UniSuper’s Accumulation 1 fees are within the lowest 10 per cent of all funds, while the super funds’ MySuper investment option fees are the fourth, third and second lowest for balances of $25,000, $50,000 and $250,000 respectively, according to Chant West. Incidentally, Elia is one of the few CEOs to earn more than their respective CIO; in this case, Elia’s investment chief Sam Sicilia was paid $967,624, putting him in eighth spot. All you have to do is give your UniSuper account details to your new employer. State Super View Total Assets Superannuation Australia and … We rank in the top 5 for lowest fees for our super and pension products, according to external research firm Chant West .*. This compares to the maximum payout for a CEO in our survey of $1.46 million and $1.73 million for a CIO. All values collected must be as stated in public reports Was Govt influenced by FSC on super account stapling? The fund has grown to become the largest super fund dedicated to this industry. General exclusions/exceptions: Footnote: REM includes non-monetary benefits, other benefits or long-service leave. Market Forces has launched a campaign with UniSuper members to pressure the fund into divesting from companies... Former NAB executive, Kevin Roadnight, has been hired for the role and will commence on 18 November. "There is a clear understanding [at the fund] we had to attract certain types of individuals [to the investment team]," Mr Pearce said. David Elia, CEO of the $45 billion Hostplus super fund, came in second. Data for Investment Magazine’s 2020 pay survey was compiled by Conexus Financial researcher, Poh Jenkinson. We manage more investments ourselves and we consistently rank among the top performers for investment returns.*. UniSuper Advice is a financial planning service generally available to UniSuper members, former members and their families through USM which is licensed to provide financial advice services and deal in financial products. Wage boost promises were not kept in 2014 when SG froze, State Super appoints body to oversee investment data science capability, Super performance test a ‘blunt single-issue measure’, How industry funds have done well out of Govt depts, Super funds need to reconsider investment processes, Mental health support doubles during COVID-19, APRA issues warning on super fund ownership and control, Ineligible Indigenous Australians accessing super early, Stephen Jones challenges whether advice is affordable or not, Aged care needs to be self-funded through super, Sustainability drives success in a post-coronavirus world. In addition, he is entitled to a deferred bonus of $242,021, which will be paid in two years. While the fat pay packets and lavish bonus plans of the private sector have come under fire in the wake of the royal commission, salaries in superannuation are generally lower. Find out what we look for and how to apply. This year’s survey comes just as the prudential regulator plans to introduce pay reforms across the financial services sector in 2021, which revamp bonus structures and defer the bulk of all payouts for up to seven years to ensure that staff do not profit from risky short-term investments. Meet Zuper, the superannuation revolution that helps you back the world’s biggest trends and power up your lifetime earning potential. UniSuper’s Kevin O’Sullivan was in 10th place with a total pay package of $849,320.

How? "If, in five years' time, we had 80 per cent being managed internally, it wouldn't surprise me," Mr Pearce told The Australian Financial Review. Got super here, there and everywhere? We’re the super fund dedicated to Australia’s thinkers, creators and investigators.

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