Super funds hungry for global stocks, alternativesBY KANIKA SOOD | THURSDAY, 11 APR 2019 12:37PM
The lion's share of the institutional mandates awarded in Australia last year went to international equities and alternatives manager, the latest Rainmaker Mandate Chaser report shows.Read more: US, Aussie, Rainmaker Mandate Chaser, Hostplus, Blackrock Australia, Alex Dunnin, Australian Catholic Superannuation, AustralianSuper, Bonds, Firetrail, GQG Partners, HESTA, IFM Investors, Instos, Janus Henderson, Marathon, Media Super, Putnam, Retirement Fund
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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