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Vision Super revises investment strategy

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
Vision Super has revised its investment strategy as a result of significant changes in the economic and fixed interest environment. The $10 billion super fund said it reviews its investment strategy annually and changes have been made this year to adjust ...

Calls for Rio chief to be sacked

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... strategy lead James Fitzgerald said. "Tens of thousands of years of cultural significance get blown up and all that goes to show for it is $7 million of lost remuneration." The Rio Tinto board review found that it had obtained legal authority to impact ...

Corporate climate risk disclosures must show more: IGCC

ANNABELLE DICKSON  |  MONDAY, 24 AUG 2020
... portfolios and make accurate assessments of the performance and prospects of companies." "Critically, investors want companies to show not just that climate risk is being assessed but how this is informing and changing their strategies and decision-making ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
"I love you more today than yesterday But not as much as tomorrow..." - Spiral Starecase The S&P 500 index closed 0.4% lower to 3374.85 points overnight, failing to push above the previous trading day's record high finish of 3389.78 points... but ...

S&P 500 rebounds from COVID-losses

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
The S&P 500 closed at a record high overnight, rebounding from the massive COVID-19-related losses that have rocked global markets. The index closed above its February high, marking the shortest bear market in history, surging around 55% since March ...

Financial services workers content with pandemic changes

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
New research shows that more than half of financial services employees agree that the industry has reacted positively to shifts in the industry as a result of the pandemic. The latest Work Different study from experience management software provider ...

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
Fractional investment platform DomaCom has received confirmation from the tax office that a part disposal of a home can work for downsizer contributions for SMSF trustees to allow them to stay in their home. The ATO's Administrative Binding Advice confirms ...

MySuper portfolio winners, losers revealed

ALLY SELBY  |  TUESDAY, 18 AUG 2020
In a survey of 40 MySuper strategies and products, an $80 billion super fund has outperformed its peers to return 7% per annum in the three years to June. According to Rainmaker's June 2020 RiskMetrics report, UniSuper achieved the highest three-year ...

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
Kogan's super offering launched last year has seen a 40% rise in funds under management, according to the online retailer's financial results. Kogan said in its results that the launch of its superannuation offering had been successful. Kogan Super ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
A key promoter of a tax evasion scheme who had been living in Vanuatu for several years to avoid arrest has been jailed for six years following a 19-year joint investigation by the ATO and Australian Federal Police. Philip Northam was sentenced in the ...