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A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... will exist in the industrial sector, especially those that form part of a supply chain for ecommerce businesses. "Over the next couple of years this will be the only sector whereby we have cap rate compression instead of expansion, which is what we would ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
Within the next decade, the number of superannuation funds serving Australians will drop by 60%, according to a new KPMG report. New KPMG research shows the 217 APRA-regulated superannuation funds will shrink to 138 within the next five years, with ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... when the parliament sits again this month. Consultation on the exposure draft opened yesterday, and will end on June 10, the next sitting day of both houses of parliament. Treasury said that specifically, the regulations amend the Corporations Regulations ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... sectors, we want to streamline and speed-up that process." The government will be releasing draft legislation on the reforms next month, with the intention of passing the changes before the end of the year so that they are in place by 1 January 2021. ...

JBWere nabs J.P. Morgan executive

ELIZA BAVIN  |  FRIDAY, 5 JUN 2020
... leading insights and broadening our proprietary investment capability," Greiner said. "We were clear in our search for the next chief investment officer that we wanted a candidate who would complement the substantial expertise that we have built in our ...

Retirement specialist makes board appointment

ALLY SELBY  |  THURSDAY, 4 JUN 2020
... delivering sustainable financial and social outcomes will be of tremendous benefit to Allianz Retire+, as the business enters its next stage of growth." Evans currently serves as a non-executive director on the boards of healthcare companies Healius ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
Technically, we're not there yet but Federal Treasurer Josh Frydenberg opted not for a stay of execution and acknowledged that Australia's 29-year recession-free run is over. "Well, the answer to that is yes. And that is on the basis of the ...

Newgate fund starts new life

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... strategy out here for some time. We have started engaging with asset consultants and expect its growth to accelerate over the next six months," Sanlam Private Wealth Australia head of product and strategy Maadhvi Patel told Financial Standard. Sanlam ...

AMP Foundation offers $2m for COVID-19 recovery

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... said its philanthropic foundation will partner with Foodbank to provide 186,000 meals to Australians from July this year to next summer as COVID-19 increases the demand for food relief. MetLife Australia and MetLife Foundation's donation represent ...

MLC Wealth appoints chair

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
... appointment to the board of National Wealth Management Services Limited (NWMSL), the head company of MLC Wealth, was an important next step in the path to establishing MLC as a standalone business. "Rob has the right leadership skills and experience ...