Tria’s fearless industry forecasts for 2013
For our final Trialogue for 2012, we’ve pulled together a selection of the Tria team’s industry themes for 2013. In no particular order, here they – Mayan calendar proves to be wrong – so you will need to actually deliver on your FoFA and Stronger Super programs. The trick is to do so with an […]
Read more...Why the CBUS dispute is actually a good thing
David Atkin, CEO of major industry super fund CBUS is probably getting some Christmas cards he doesn’t really want this year, in the form of protest letters from members of Victorian construction unions. There are both worrying and heartening things about how an industrial dispute has moved into, and is playing out, in the super […]
Read more...ASFA 2012: can funds provide viable alternatives to SMSFs?
At last week’s ASFA 2012 Conference in Sydney, Tria and SuperIQ presented a session titled “The Empire Strikes Back: can retail and industry funds provide a viable alternative to SMSFs”. One of the oddities of the contest between collective funds and SMSFs is who has been cast as goodies and baddies. For the ASFA session […]
Read more...London calling – home of the free platform
Trialogue is coming to you from London this week. The UK is doing it pretty tough. The November weather is miserable. Like everywhere, the economy is being restructured by the digital revolution. To make things worse, it’s part of a deeply recessed Europe. There are more empty shops on the high street than when I […]
Read more...Unstoppable – why the rise of SMSFs will continue
Over the past couple of weeks we’ve looked at some of the issues linked with the rise of SMSFs – in particular losses arising from incompetence and fraud. The rise of SMSFs is far from cost-free. In the quest for control and avoidance of collective fund fees, a whole new set of risks and costs […]
Read more...SMSFs and Pink Batts – more in common than you think
People can go pretty nuts when government spending is seen as having been wasted. Pink batts, for example, became bywords for waste (not to mention safety hazards). Mention them in conversation and you can get some strong reactions. On that basis, we should be equally upset when SMSFs get caught up in financial collapses like […]
Read more...Banksia hints at another SMSF disaster
Is ASIC rushing to slam yet another stable door after the horse has bolted, setting up an internal task-force to review regulation of the debenture industry? Having seen the financial and social devastation caused by the collapse of past financial institutions such as Pyramid Building Society, the collapse of Banksia had a depressingly familiar ring […]
Read more...Who’s putting the case for funds?
Chatting with OneVue’s Steve Karrasch last week, just back from the AOIFP conference, I was interested to hear how he had been taken aback by how much funds were out of favour with conference delegates. The talk was about almost anything else – shares, equity models, indexing, ETFs, even LICs. Collective funds, whether super funds […]
Read more...Disrupted days: practical strategies for incumbents
Our recent look at Kodak and FujiFilm was so popular that we thought we would look at some practical strategies for responding in disrupted situations. Disruptive situations do not occur often in financial services. The industry’s dominant business model tends to be stable for long periods of time – about 20 years for the most […]
Read more...PC after all: awards become APLs
The final report of the Productivity Commission (PC) into Default Super Funds in Modern Awards was released last week to furor from the retail segment and the Coalition, and endorsement from the industry funds and the Government. Relative to the interim report and its reputation as an economic dry, it looks like the PC pulled […]
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