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Members need to keep reasonable expectations for returns

“From my perspective, we’re always trying to ensure members have reasonable expectations and a long-term view of what they need from their super or their retirement savings,” Graham said. “Twelve months ago, we were having a very different conversation with very weak returns, so we’ve seen a very strong rebound and a strong return for members in the last financial year. “But that long-term view and making sure people are attached to what they need on a long-term basis will try to ensure they don’t have too high an expectation after a strong year – or too negative of an expectation after a weaker year – because both can be quite damaging.”

Ian Silk calls Govt proxy proposal backwards step

“This is no surprise to those of us who recognise that most strong performing companies are those that take ESG issues seriously in the running of their businesses,” he said. “And similarly, investors who embed ESG considerations in their investment programs are those that typically generate the strongest investment performance. “It’s not magic, it’s simply smart investing.” Silk pointed to the Government proposal that would require superannuation funds to be independent of proxy advisers but said there had only been two complaints made against proxy advice reports. “Proxy advisers provide investors with a level of analysis that would be difficult and more costly to generate themselves. ACSI helps super funds be more efficient by pooling resources to ensure they are comprehensively and independently informed.

Debby Blakey to succeed Ian Silk as ACSI president

Print HESTA chief executive, Debby Blakey will succeed Ian Silk as the Australian Council of Superannuation Investors (ACSI) president next month when Silk’s term ends. Speaking at the ACSI annual conference today, Silk said Blakey had been a strong advocate of the importance of focusing on environmental, social, and governance (ESG) issues. “[Blakey] will be an excellent President supporting the ACSI team on delivering outcomes in the best financial interests of millions of super fund members,” he said. Related News:

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