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Aberdeen Standard global equities funds downgraded

KANIKA SOOD  |  MONDAY, 20 APR 2020
International equities funds offered by Aberdeen Standard Investments in the local market have been downgraded to neutral at Morningstar on the back of a style drift. In January ASI announced its head of equities Stephen Docherty would leave the firm ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
SuperFriend is adding to its suite of workplace mental health training resources, as super funds, insurers and other workplaces turn to the organisation for help supporting employees through COVID-19. The organisation has updated its "most popular and ...

MLC Life executive joins AFCA

HARRISON WORLEY  |  FRIDAY, 17 APR 2020
A member of MLC Life's leadership team has been appointed lead ombudsman for investments and advice at AFCA. A former industry super fund has also joined the body as lead ombudsman for superannuation. MLC Life Insurance chief of customer operation Natalie ...

Liquid and ready: Cbus

ALLY SELBY  |  THURSDAY, 16 APR 2020
... release scheme. And this was the case even prior to the government's Jobseeker payment announcement, he said. "Cbus paid close attention to the lessons of the GFC. We have a very robust approach to liquidity and stress testing," Atkin said. "Cbus conducted ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
The COVID-19 pandemic could lead emerging markets to lose the last decade in progress, as the world sinks deeper into a global recession far worse than the Global Financial Crisis. That's according to State Street Global Advisors head of global ...

COVID-19 is not the only factor: deVere

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
To protect and grow wealth investors need to carefully monitor other major factors, not just COVID-19, according to deVere Group chief executive Nigel Green. The warning follows last week's sharp rally in global markets, with the MSCI experiencing its ...

Industry fund continues investment team expansion

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
A $50 billion industry superannuation fund is pushing ahead with its plans to build an in-house investment capability, appointing a former Victorian Funds Management Corporation portfolio manager to oversee strategic tilting. HESTA has appointed Luke ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... ramifications, but [they] don't seem to be having significant ramifications around timelines or planning. "We are quite close to the merger being completed, but I think even if it were six months beforehand we'd just consider any ramifications ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
As ASX-listed companies wind back dividends, income-focused equities funds will have to look harder for sources of income. Australian companies paid out about $55.5 billion in dividends last year, according to Janus Henderson. On average, between 1917 ...

It's not you, it's quarantine

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
Many financial advisers may need to gear up to handle the aftermath of couples growing apart as they're forced together. China was expecting a boom in births when it eased mandatory quarantine laws, instead it has seen a surge in divorce applications. ...