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Future Fund delivers strong 11.9% return

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... 10-year return of 8.2% per annum, outperforming its target of 6.8%. Future Fund added that the Housing Australia Future Fund is now fully invested. Future Fund chief executive Raphael Arndt said it was a strong result which adds to the Future Fund's ...

Warakirri terminates Flinders fund

MATTHEW WAI  |  THURSDAY, 31 OCT 2024
... last year, and in October this year... Each time it's bounced quite well and looking like it's doing the same thing now as after each of those previous lows," Macdougall said. "If confidence in the earning outlook improves and investor confidence ...

Cbus implements senior redundancies

ANDREW MCKEAN  |  THURSDAY, 31 OCT 2024
... investment leadership and broader investment team remain unchanged. Financial Standard understands that a consultation period has now commenced, with applications for new roles set to open soon. The proposed restructure is to create 16 additional positions ...

UniSuper offers plenty to like, says Morningstar

ANDREW MCKEAN  |  WEDNESDAY, 30 OCT 2024
... UniSuper's culture hasn't been immune to competitive pressures to retain key talent, with the fixed interest team, now under the leadership of seasoned David Colosimo, following the departure of Rob Hogg, Morningstar said. Regarding performance ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... vast majority of that ($2.3 million) going to the CFMMEU - prior to the Mining and Energy Union withdrawing from what's now the CFMEU in December 2023. The data comes as APRA deputy chair Margaret Cole said the regulator would be looking more closely ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... that superannuation returns are subject to, Qanats Super told members. "As a result of this change, the Cash option objective now aligns to how Qantas Super's other investment option objectives incorporate superannuation tax," the super fund said. ...

Global equity, AREIT managers biggest underperformers: S&P Dow Jones

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... "In Australia the bulk of investor inflows into exchange-traded funds are continuing to be directed into index funds, which now account for more than 91% of total Australian ETF industry assets," he said. "We estimate there are now over 400 index funds ...

MUFG brings Proxymity to Australian clients

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... Australia. The partnership means that clients of MUFG Corporate Markets, a division of MUFG Pension & Market Services, can now receive custodial votes in Australia through Proxymity's digital-native platform allowing the delivery of AGM announcements ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... product provides additional benefit to the consumer. And we have been seeing, we've got a number of determinations issued now, where we're just seeing that that isn't being adequately done. There's no real explanation of why the related-party ...

$3.5tn wealth transfer scares Aussie advisers: Natixis

MATTHEW WAI  |  MONDAY, 28 OCT 2024
... advisers operate their practices in unpredictable ways," Watson said. "What's clear is that Aussies still need an adviser now more than ever, and keeping the family involved is key." The survey also found that 65% of advisers have been asked by their ...