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SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... predicts. In contrast, OECD expenditure on public pensions averages 8.8% of GDP and is expected to increase to 9.4% in the next 30 years. ASFA argued that raising the SG to 12% will better align Australia with the pension systems of other advanced economies. ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Australia will have to inject up to $90 billion of additional fiscal stimulus over the next two years if it wants to return the economy to full employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for ...

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

BENJAMIN ONG  |  MONDAY, 29 JUN 2020
... pandemic. But assuming they do, and the virus burns out or fades away or a vaccine is discovered, Eurozone authorities will next have to contend next with a trade war with Trump. America threatened to impose additional tariffs worth around US$3.1 billion ...

FEW announces new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... chair of the FEW Advisory Board to assist FEW in reaching its goals. "FEW is all about passing the baton of experience to the next levels and this is my way of giving back to an industry that has been good to me," Beck said. "The team at FEW and I welcome ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... only cover. The fund also adjusted the cost of age dependent death and TPD fixed cover. For somebody turning 45 at their next birthday, the cost of death and TPD cover per $1000 insured will be $1.19. Death only cover will cost $0.69. Currently, the ...

Cbus, Media Super explore merger

KANIKA SOOD  |  THURSDAY, 25 JUN 2020
... are understood to be exclusively committed. The merger, which would result in a $62 billion fund, could be executed early next year. Media Super has spoken to more than five funds in the past six months, and wanted to retain its brand. "Cbus Super is ...

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

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
... of infections, 29 new cases and 103 total deaths as at June 25. These are worrying stats especially when compared with our next door neighbour, New Zealand, which only has 1,516 total cases to date - 1 new and a total of 22 deaths - but is miniscule ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... targets. "While that seems plausible, these figures are likely to be disconnected from the realised returns over much of the next decade," Rice Warner said. "For example, 10-year bonds now yield 1.1% and equity markets usually have dismal performance ...

History is repeating itself: Zenith

ELIZA BAVIN  |  THURSDAY, 25 JUN 2020
As companies continue to seek liquidity during the COVID-19 pandemic through capital raisings, Zenith Investment Partners says this has provided investors the opportunity to access outsized returns. Zenith said although there are definite similarities ...

Pendal adds SRI lense to multi-asset fund

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... expectations and regulatory intervention, the firm believes earnings and asset prices across all asset classes will shift over the next decade and beyond. "Of course, we have already seen ample research that indicates outperformance of stocks with stronger ...