Australian food retailing has always been an exclusive scene, with two dominant players leading the way. Coles and Woolworths together represent some 73 percent of grocery sales and the owner of the IGA brand, Metcash, accounting for a further 9.5 percent of market share, according to data from www.ibisworld.com.au. But difficult trading conditions and increased competition from new quarters are putting the food retailing giants under increasing pressure.
Author: Alistair Sutherland, With more than AUS$ 1.7 trillion in funds under management, Australia boasts the fourth-largest superannuation system in the world. Over twenty years, compulsory retirement savings for the Australian workforce has seen the superannuation industry mature into the country's premier wealth management vehicle. However, the regulatory authorities have recently launched a new round of reforms intending to protect employee's retirement savings and ensure the superannuation industry is offering best value for the fees it charges.
Author: Grant Ives, director, SunGard's Insurance business, The superannuation and insurance industry continues to grow, and forms the backbone of the Australian financial industry, yet there are many areas where technologies haven't kept pace with what's really needed to future-proof these firms and get their risk profiles right.
Author: Grant Ives, director, SunGard's Insurance business, Despite significant growth last year, the Australian superannuation industry faces some difficult challenges. These relate to the five key drivers of industry change I discussed in my previous blog post: social, technology, economic, environmental and political (STEEP).