Spotlight on Day of Confrontation and Fund of the Year

Industry Moves was a media sponsor at this week's Day of Confrontation (DOC) in Sydney. This unique event, in it's 13th year, with a mandate to challenge the way we think and do business attracted more than 250 delegates. The Fund of the Year (FOTY) awards dinner which followed in the Four Season's ballroom was full to the rafters with over 400 guests. We bring you a snapshot of the winners and memorable tweets, as well as a challenge by Jeff Bresnahan for the industry to do more to bridge the distribution of wealth divide in Australia .

Snapshot of SuperRatings Fund of the Year Award winners

Fund of the Year...................................QSuper
MySuper of the Year...........................QSuper
Choice Super of The Year..................CareSuper
Pension of The Year..............................AustralianSuper
Best New Product................................QSuper Money Map
Rising Star.................................................Local Government Super
Fast Mover...............................................ANZ Smart Choice Super

Snapshot of Lonsec Award winners

Innovation.................................Triple3 Volatility Advantage Fund
Rising Star..................................BT Pure Alpha Fixed Income Fund
Icon..............................................Pengana Emerging Companies Fund

Top Tweets

Lonsec ‏@Lonsec If you're not embarrassed by the first version of your product, you've launched too late.

Lonsec ‏@Lonsec Walker - modern medicine has reduced death rates but increased misery by prolonging life. Gene & stem cell therapy will worsen this.

Anne Fuchs ‏@Anne_Fuchs Hewson says we've lost 30 yrs of new jobs, business & eco growth by our govt not investing in renewal energy sector #short term

Julia Wood ‏@JWood_Biz Emilio Gonzalez from #BTIM - passive preachers use statistics like a drunk uses a lamp post.. For support, not illumination.

Lonsec ‏@Lonsec Warrell: very easy to maintain a status quo and then get left behind. Need to develop a courage zone, between comfort and danger.

Lonsec ‏@Lonsec Carnegie: yawning opportunity for super funds in e.g. Northern Territory but need to come together & advocate a new approach to govt.

Camilla Love ‏@CamillaRLove Traill: investment in human capital can provide 17x returns. Surely this is a good return for investors.

Lachlan Heussler ‏@LachlanHeussler @SuperRatings I think a banks worst nightmare are partnerships between super funds and Fintech startups.

SuperRatings ‏@SuperRatings Critical importance of finding work where the heart is @Almcglash

Polling Results

This year, for the first time, DOC launched an event app that included details of speakers, sponsors and delegates, as well as a polling function used for the 'Fintech' and 'Passive v Active' sessions. The results were:

Fintech: Friend, Not Foe?

1. For my organisation, the rise of automated ("robo") investment advice represents:
   

• A threat = 1.6% (1 vote)
  
• An opportunity = 64.1% (41 votes)
  
• Both = 34.4% (22 votes)
  

2. For my organisation, investing directly into emerging fintech companies is:
   

• Permissbale, likely to happen in the next 12 months = 38.7% (24 votes)
  
• Permissbale, not likely to happen in the next 12 months = 37.1% (23 votes)
  
• Not permissible = 24.2% (15 votes)

Passive v Active. It's Time to Move On.

1. Alpha and Smart Bet: Fact or Fallacy?
   

• Fact = 73% (77 votes)
  
• Fallacy = 27% (33 votes)

A challenge to the industry

Jeff Bresnahan who, by his own admission, is never shy to get on his soapbox, used the day to lay down a challenge - he shared the following vision and urged the decision-makers in the room to work with him to make it a reality.