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Corporate, industry fund merge

JAMIE WILLIAMSON  |  FRIDAY, 4 OCT 2019
... corporate superannuation fund has merged with a $16 billion industry fund. The Dow Australia Superannuation Fund (DowASF), home to just under 400 members, has merged with Equipsuper. Established in 1972, DowASF is the corporate plan of Dow Chemicals ...

Industry embraces Mental Health Month

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
October is mental health month and the financial services industry is embracing it as a chance to boost the mental wellness of employees through a number of initiatives. SuperFriend has several initiatives planned for the month, including releasing ...

Retirement income under review

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... examine the three pillars of the existing retirement income system: the means-tested age pension, voluntary savings (including home ownership) and compulsory super. An independent three person review panel including SMSF Association chair Deborah Ralston ...

National Seniors partners with retirement funder

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... greater choice when it comes to funding their retirement." Household Capital allows retirees to draw on the savings in their home as well as their superannuation and age pension, through its Household Transfer offering. Launching in March this year ...

IOOF completes Ord Minnett sale

JAMIE WILLIAMSON  |  TUESDAY, 24 SEP 2019
... completion of the sale, saying the buyer was a consortium of investors led by current Ord Minnett executives. The business is home to more than 250 financial advisers and has over $10 billion in funds under advice. It follows an announcement of the intention ...

QIC launches China bond fund

KANIKA SOOD  |  MONDAY, 23 SEP 2019
... China and Queensland and is a great demonstration of a Queensland institution taking the global lead in financial services at home and overseas." "The Chinese Bond Market is the second largest in the world, but foreign participation is still relatively ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... unchanged at 1.8%; and the Bloomberg US dollar spot index ticked up by a mere 0.2%. Yes Virginia, there's nothing to write home to mother about. They're all within the normal day-to-day ups and downs of the markets. This is because the future ...

Challenger appoints funds management boss

KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... billion in total assets under management, making it the eighth largest fund manager in Australia, according to Rainmaker. It is home to some of the best-performing fixed income managers in Australia, including Kapstream, Ardea and Bentham Asset Management ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... "includes pre-Christmas payments of $4.8 billion for pensioners, $3.9 billion in support for families, and $1.5 billion for first-home buyers..." This was topped up with a second fiscal spending package amounting to around 4.2% of GDP. This is in tandem ...

AXA IM dips toes in Aussie student housing

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... Canberra's CBD as part of a $330 million acquisition. Novotel, Ibis and Pullman sit close to each other at Olympic Park which is home to ANZ Stadium, Qudos Bank Arena and Spotless Stadium. The precinct hosted 5500 events in 2017-2018 and 10.5 million ...