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Industry funds secure stake in QLD airportBY JAMIE WILLIAMSON | MONDAY, 13 FEB 2017 11:45AM
Industry superannuation funds are ensuring their slice of Australia's infrastructure pie, investing in a 99-year lease of the Sunshine Coast Airport via Palisade Investment Partners.
Read more: LGIAsuper, Australia, Palisade Investment Partners, regional Queensland, Sunshine Coast Airport, Sunshine Coast Council, Airport Development Group, Alice Springs, Darwin, David Todd, Gold Coast Light Rail, Mark Jamieson, QLD, Stage, Tennant Creek, VicSuper
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19.
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