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Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... flagged that improved outcomes as a result of reduced investment fees and indirect costs will be reflected in APRA's next iteration of the heatmaps. "We expect these benefits will continue to provide a positive impact to performance as they start ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... higher taxation revenue, but over time will be offset by lower superannuation. In another scenario, increasing the SG by 0.5% next year will improve the budget bottom line via lower Age Pension payments in the future and increased revenues on extra assets ...

Chief economist update: Prime Minister Suga

BENJAMIN ONG  |  TUESDAY, 15 SEP 2020
... establishments serving alcohol to close early. New Zealand maintained current restrictions while flagging a lifting of curbs next week". In addition, global economies and financial markets have already rebounded from the deep slump experienced in the ...

Brace for 5% returns from global stocks

KANIKA SOOD  |  MONDAY, 14 SEP 2020
Investors in global equities should expect 4.9% in annualised returns over the next five years, which is lower than historic averages, according to Northern Trust's annual asset class return predictions. Northern Trust every year publishes its expectations ...

Citi names global chief executive

KARREN VERGARA  |  MONDAY, 14 SEP 2020
... institution." "Of course, there is always more to do, and I believe the time is right for my successor to lead Citi through this next stage of progress. We know there are products where we can still gain share; we know that the expectations of our customers ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
... will also be prohibited from participating in the issuance, purchase, offer or sale of any digital asset security for the next five years. The SEC's settlement with T.I. will see him pay a US$75,000 civil monetary penalty, and he will also be prohibited ...

The fundies of tomorrow

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
The next wave of fund managers is ready to leave their textbooks behind and start investing with real money. And star stockpickers of today are offering their help to an interuniversity group. Traditionally, students undertaking a commerce or business ...

ASX-listed fintech to buy Wirecard

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... existing platform to increase the addressable market in the US and focus on onboarding at least 10 new US customers over the next 12 months.

HESTA adds to leadership team

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... relocated from Sydney to Melbourne and will commence in the new role on 28 September 2020. "HESTA is now embarking on the next evolution of sophisticated superannuation money management. I am looking forward to working with the entire HESTA team in guiding ...

Super fund boss remuneration on the agenda

KARREN VERGARA, ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... did not outright agree or disagree with this reasoning, but mentioned that Hostplus's remuneration committee will meet next week and review salaries. "There is obviously a fixed base salary, and then there's a variable component. And there is ...