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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.
The combination of the 1 Jan 2017 Centrelink taper for the asset test, plus the $500,000 lifetime non-concessional super cap sends a clear message that the Govt wants to penalise retirement saving, or simply make it more difficult. So many people won't, therefore, get ready for a massive blowout in the Centrelink Age Pension over the next decade once couples get to work rearranging their financial affairs to collect the full age pension, rather than just receiving a partial age pension that will end on 31 Dec 2016.