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MetLife enhances employee benefits package

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2024
... Committee and reviewing statistics from the Diversity Council Australia and its own survey on employee benefits trends, MetLife is now offering three new leave types. Employees can now access up to 10 days of menopause leave, up to five days of fertility ...

Evolution of investment operations spurs new recruitment trends

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2024
... adopting a cost-out approach which often results in senior team members being made redundant. Further, Cleary said many firms now expect candidates to have an end-to-end skillset, however there is a talent shortage on this front, particularly in terms ...

Charter Hall acquires stake in hotel REIT

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... Charter Hall Retail REIT (CQR) bought the 14.8% stake in Hotel Property Investments (HPI) from 360 Capital Group. They are now the largest shareholders in HPI. "HPI's assets are complementary to CHC and CQR's portfolio of convenience net lease retail ...

Australian private capital industry surges 33%

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
Australia's private capital market has grown 33% over the past 18 months, with assets under management (AUM) now reaching $139 billion. Preqin and the Australian Investment Council released the 2024 Australian Private Capital Market Yearbook which tracks ...

Legalsuper names chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... will deliver legalsuper true competitive advantage as Australia's specialist fund for the legal profession." The fund also now has John Robinson as executive manager, business enablement and risk, a role he took on in mid-December. He brings more than ...

Super fund expenditure to be exposed

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... move comes after a consultation with the industry in which APRA sought feedback on proposals to treat most of the data it now collects on fund expenses and detailed asset allocation information as "non confidential" and therefore available for publication. ...

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The total superannuation found by First Nations Foundation on behalf of Indigenous Australians now comes in at $25.2 million. In 2023, the foundation reconnected First Nations people with $1.2 million, bolstering the total found. The superannuation ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... BlackRock chair and chief executive Larry Fink said providing people a secure, well-earned retirement is much more challenging now that it was 30 years ago, and it will be "much harder" in the future. As such, Fink said the retirement system in America ...

Why BlackRock is taking a risk-on view

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... starting to reflect our view of rates staying higher for longer than pre-pandemic. Markets are not eyeing that outlook for now. Second, stocks could grow more sensitive to macro news as profit margin pressures mount." BlackRock said it was keeping a ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... built up quite a big buffer which supported the 'stronger for longer' / no landing argument. However, the savings rate is now almost negative as people are eating into their buffers due to higher rates and prices," he said. "With the buffers almost gone ...