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Industry super pours $19.5bn into Australian recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Industry super funds will invest $19.5 billion over the coming three years in construction and infrastructure projects; in a move that Industry Super Australia (ISA) chair Greg Combet says will help rebuild the Australian economy. The multi-billion ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
Just 37% of retail investors believe their financial adviser always acts in their best interests, leading CFA Societies Australia to call for a strengthening of the best interest duty. A global investor survey, conducted at the back end of last year ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Investors turn to China-focused strategies

ALLY SELBY  |  MONDAY, 29 JUN 2020
New research reveals investors are increasingly using dedicated China equity strategies for alpha generation, with the market turmoil of 2020 showcasing the country's diversification characteristics. In the first quarter, the MSCI Emerging Markets ...

Chief economist update: This rebound is brought to you by the letter V

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
The gradual easing of restrictions has unfrozen social and business activity in almost every nation that decided to do so. Central banks and governments can flood the system with all the money they have, or can print, but with consumers not allowed ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Perth hit worst in housing crisis

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
The stringent government response to COVID-19 has undoubtedly placed the property market cycle on the cusp of another downswing, says CoreLogic's head of research Eliza Owen. Property value declines have been fairly mild, so far this year, with national ...

ESG continues to outperform: Research

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
Sustainable companies are performing better and responsible investment funds are largely continuing to outperform the general market, according to a new report from the Responsible Investment Association Australasia (RIAA). The report, COVID-19 and ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... that this is because Australia has a smaller population compared to these countries. However, as worldometer.com figures show, Australia has only 295 total cases per one million of the population (0.03%). The same stat is higher in the US (0.74%); Brazil ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... be made? "If the targets are now too high, should they not be lowered?" The firm said that underlying target returns don't show the underlying risks of the fund, and said Standard Risk measures showing the number of negative years a fund might be expected ...