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ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... practices of listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top 200 listed companies in Australia. ASIC's report followed a review examining the climate risk disclosures of 60 listed ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... Australia's listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top-200 listed companies in Australia. ASIC's report followed a review examining the climate risk disclosures of 60 listed ...

Specialist insurer updates definitions

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... has not yet been reached. PPS Mutual director of proposition Matthew Pilcher said: "PPS Mutual's products are designed to be top-quality and tailored for the needs of professionals." The suite of enhancements has been passed back to all members so that ...

NAB cuts bonuses for executives

KANIKA SOOD  |  WEDNESDAY, 19 SEP 2018
... Andrew Thorburn's "at target" was slashed by 11% over the previous financial year, as the bank changes the way it pays its top leadership. NAB has replaced short-term and long-term incentives with a single variable reward for Thorburn and the executive ...

Labor commits $400m to gender super gap

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
... respond to both existing realities and the evolving workforce, she said. Other policies worth considering include: a capital top-up for some low balance accounts; and the alignment of the Low Income Superannuation Tax Offset with scheduled (2021) SG ...

AustralianSuper awards international property mandate

DARREN SNYDER  |  TUESDAY, 18 SEP 2018
... transaction "aligns with our real estate debt strategy to target high quality opportunities secured against institutional assets in top-tier locations in European cities." AustralianSuper's commercial real estate (CRE) debt mandate is targeting debt ...

Investa Office Fund's Canadian bidder ups the stakes

KANIKA SOOD  |  MONDAY, 17 SEP 2018
A Canadian real estate group has topped private equity juggernaut Blackstone's bid for the Investa Office Fund. Oxford Properties Group offered to pay $5.60 per share in cash to acquire 100% of IOF, according to company filings on Friday. This is 10 ...

Chief economist update: China shares inclusion in MSCI is a blessing and a curse

BENJAMIN ONG  |  MONDAY, 17 SEP 2018
... Composite Index and the SSE A-share index have tumbled into a bear market (technically defined as a 20% drop from the nearest top) and remained there to this day - both indices are down by 24.7% as at mid-September from their January 24 peaks. But perhaps ...

SMSFs outperforming MySuper: Research

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... international equities for greater diversification and returns. Amazon, Apple, Facebook, Tesla and Berkshire Hathaway are the top five international stocks by trading value, while Alphabet Class A replaces Tesla in the top five when it comes to holdings. ...

Industry fund cuts property portfolio emissions

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... conservative estimates, Fok said the fund could hold more than $10 billion in property by 2030. "This is beyond just installing roof top solar panels. Operable facades that both insulate and produce energy are the future. Buildings must be ready to adapt ...