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Brokers warn of looming disaster

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... this low," he said. "This survey is a wakeup call and shows that even a small rise in rates - which is looking more likely next year with rising inflation - could be catastrophic for our nation." White pointed out that, based on the average home loan ...

U Ethical names chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... profound and enduring and we shall continue to enjoy his legacy for many years to come." "We wish him every success with the next phase of his life and look forward to keeping in touch." He also said it was "gratifying" to see Fernie emerge as the best ...

Industry fund ups admin fees

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... Fund is increasing its administration fees from December 1. Currently, members of MIESF pay $2.35 per week plus 0.10%. From next month, the asset-based component will increase to 0.18%. The weekly account fee remains as is. On a balance of $50,000, this ...

Active Super adds board director

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
The $14 billion industry superannuation fund will welcome a new board director next month, appointed to a four-year term. Liverpool City Council's Nathan Hagarty will join Active Super's board on December 5 as an employer-nominated director. ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... levels of 19,238. "The freeze in the per adviser levy will provide financial advisers with the certainty they need over the next two years to deal with the impacts of COVID-19 and further regulatory reforms making their way through the Parliament, including ...

QIC names Frawley's successor

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
Following a global executive search, QIC has named its new chief as the incumbent steps down next year. Lendlease group head of investments Kylie Rampa will commence as QIC's chief executive in April 2022 as Damien Frawley caps off 10 years with ...

The search for income outside defensive assets

ANNABELLE DICKSON  |  THURSDAY, 11 NOV 2021
... real yield," he said. "The so-called TINA effect - "there is no alternative", will dominate the investment landscape for the next decade whilst yields on defensive assets and cash remain at low levels." However, Doyle said the best way for investors ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... and any other risks that threaten the sustainability and stability of the retirement income. KPMG forecasts that over the next five years, some 1.8 million members and $300 billion in superannuation savings will move from the accumulation to decumulation ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... executive Paul Schroder also welcomed the progress in merger discussions with LUCRF. "AustralianSuper is looking forward to the next stage of the process. As the fund grows with new members joining every day, we remain focused on helping all members ...

Pendal brings Global Select Fund to Australia

JAMIE WILLIAMSON  |  MONDAY, 8 NOV 2021
... annualised alpha before fees compared to the MSCI All Country World NR Index benchmark. The focus of the fund is to "find the next winners", using a four-dimensional investment process that looks at the share price behaviour of each stock to determine ...