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Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... 19% allocation of $149.4 billion, followed by unlisted trusts at 13% or $99.2 billion. Non-residential real property is the next most-popular asset class at 11% or $83 billion.

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... report reveals that in April, exports to China increased by A$591 million (4%) - outpacing the increase in shipments to the next top three countries combined - Japan (A$297 million); South Korea (A$118 million); India (A$23 million). Digging deeper ...

Super funds hunt for co-investment deals

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... AustralianSuper is the largest investor in private capital, allocating 16.4% of its $209.2 billion AUM to this asset class. Next is the $130 billion Aware Super allocating 22.3%; while UniSuper's $83 billion has 14% in private capital. As a whole ...

LGIAsuper reveals post-merger executive, board lineup

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
LGIAsuper, which is set to finalise its merger with Energy Super next month, has unveiled its new-look leadership team. In an update on the progression of the merger, after already announcing Kate Farrar as chief executive of the merged fund, LGIAsuper ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... fall below 5.0%, earlier than the Reserve Bank of Australia's (RBA) forecast - 5.0% at the end of 2021 and 4.75% by June next year.

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... with achieving the inflation target... Looking through this, underlying inflation is expected to remain below 2% over the next few years." The Australian economy is certainly recovering faster than expected and the labour market has improved significantly. ...

Labor to push for YFYS stapling amendments

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
Stapling is expected to be the thorn in the Liberals' side when the Your Future, Your Super bill hits parliament next week, as shadow treasurer Stephen Jones digs his heels in on the start date and exclusions for members in hazardous occupations. ...

Tempered positivity post-pandemic: Experts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... questions about the future. But he cautioned that there is a question about the sustainability of this. "What will happen the next time? There will be a next time," Singh warned. IFM Investors director of policy and research Anna Engwerda-Smith said ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... consolidation in the number of super funds during the last five years and it appears there will be 60% consolidation in the next five years. And State Street head of platforms Sinclair Scholfield said that the type of merger undertaken by Spirit Super ...

Aussie charities robust prior to COVID

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
... sector's revenue. Donations mostly went to the general community in Australia via the work of religious charities. The next beneficiaries were children aged six to 15 (11%), other charities (5%) and families (4%). Interestingly, the number of volunteers ...