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Super fund delays successor fund transferBY KANIKA SOOD | TUESDAY, 5 MAY 2020 12:26PM
A retail superannuation fund has postponed its MySuper transition to a $16.5 billion industry fund citing market uncertainty and volatility arising from COVID-19.
Read more: Perpetual, MySuper, Successor fund transfer, CareSuper
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The Queensland-headquartered asset manager has appointed a general manager for capital solutions, and an investment director in its state investments team.
New York based ARP Investments has entered the Australian market through a partnership with Axius Partners.
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million.
The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic.
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