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Perennial Partners takes over Australian Unity fund
Perennial Partners has agreed with Australian Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund.
Platinum's FUM dips below $14bn
Platinum Investment Management's funds under management took a $1.65 billion hit to end up at $13.5 billion at the end of April.
AMP launches alternative debt fund
AMP said the new fund will provide bespoke access to global private debt investments but will only be available to some.
REI Super updates Conservative option
REI Super is rejigging its Conservative investment option and will change the name to "Growth Plus".
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
It would be newsworthy if Grattan had anything positive to say about super.
If the calculation of 91% of pre retirement income is correct, it is an argument for a harsher means test, not softer.
GIven the ABP minimum drawdowns, retirees need an investmwnt tail wind to leave a legacy larger than when they started (particularly after tax).
Nevertheless, the intergeneration transfer needs to be tackled.