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Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
If it wins the next election, the Albanese government has announced the Commonwealth Paid Parental Leave (PPL) scheme will include Superannuation Guarantee contributions from next year. In a major win for the super industry and Australian women, 12% ...

UniSuper, ISPT acquire commercial property at Western Sydney Airport

ANDREW MCKEAN  |  WEDNESDAY, 6 MAR 2024
... aiming to create a leading manufacturing, warehouse, and logistics hub exceeding 400,000 square meters of floor area over the next seven years, with an anticipated final valuation exceeding $3.9 billion. Ultimately, the estate could extend to over 800,000 ...

EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... distribution. Prior to that, he spent seven years at Macquarie Group. "At the moment, we are building our product strategy for the next few years in private wealth," Weingarth said. Weingarth explained that the business was initially built off high-net-worths ...

Family offices still love hedge funds: Preqin

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... fallen short of expectations." However, it said, most remain optimistic about VC (54.2%), and PE (52.9%) performance in the next 12 months. The Preqin Fundraising from Family Offices report is based on a global investor survey conducted in November 2 ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... meetings based on combined target operating model, including identifying incremental growth opportunities, Humphrey said. In the next 12 months, the group will unveil a new operating model, rationalise its corporate functions, transition Diverger employees ...

Advice PDMs, BDMs at inflection point: Survey

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... business development managers are growing increasingly dissatisfied in their current roles as many flagged their exit over the next three years, a new survey finds. A comprehensive analysis of professional development managers (PDM) and business development ...

Blackwattle Partners launches global fund

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... opportunities and the performance of incumbent managers, the move into global equities with an outstanding team led by Sunny is the next strategic step for our clients." While the Blackwattle Global Quality Fund will launch publicly in July for all retail ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... continue to suffer institutional investor outflows and negative returns. The fund manager said its immediate priorities in the next few months is to cut costs in a bid to "right size our business" and review its products and distribution channels both ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... "Tragically, that will now leave many people significantly poorer in retirement." Schubert said those withdrawals will also cost the next generation of taxpayers in a case of fiscal long-COVID. "These are the devastating consequences of schemes that ...

HNWI collecting activity stoops: Knight Frank

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... and distilleries," Simpson said. "In my opinion, some bottles that lost significant value in 2023 will return through the next two years as they are simply so scarce, and right now at least, so undervalued." Elsewhere, HAGI founder Dietrich Hatlapa said ...