Industry fund bumps up premiums

The Australian government is backing the Greens' policy to put a stop on SMSFs from purchasing residential properties with any capital assistance, arguing the sector is currently gating nearly two million properties from first homebuyers.

Only five years after it debuted, Pendal has terminated its Global Select Fund, an actively managed international equity strategy.

First Sentier Group has appointed a former Rabobank executive as chief people officer.

IFM Investors has been slowly creeping control over Atlas Arteria through on-market stock purchases, finally crossing the 50% ownership mark.