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Wealth projection boosts super fund engagement

KARREN VERGARA  |  MONDAY, 19 AUG 2019
Superannuation funds that provide projected estimates to members about their nest egg will likely receive more contributions and increased engagement, new research suggests. The ARC Centre of Excellence in Population Ageing Research (CEPAR) studied ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

OnePath enhances OneView Life

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... OneView Life portal for "deeper client insights". OnePath head of propositions and group life Gerard Kerr said the changes show OnePath is serious about investing to ensure a solid partnership with advisers. "To do this, we are continuing to invest in ...

Industry fund overhauls fee structure

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
A $5.6 billion superannuation fund has made a number of changes to its fee structures. EISS Super introduced a new fee structure on August 12, advising members that it regularly reviews fees and costs. On August 1 however, it did not charge investment ...

New super fund tests waters

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women. Super Life is founded by chief executive Pascale Helyar-Moray, who formerly led Human Super. According ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
You know the world's in trouble when the Fed starts contemplating negative interest rates... and then some. "There are other types of policies that probably aren't getting as much analysis. But one is negative interest rate policies. Those are ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
APRA slapped an additional capital requirement on insurer Allianz after gaps were identified by its governance risk self-assessment. The insurer has been hit with an additional $250 million capital requirement by the prudential regulator following its ...

State Street loses biggest ETF title

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
State Street has surrendered its title as the issuer of Australia's largest ETF, as investors withdrew more than $130 million net from its exchange traded products in July. The SPDR S&P/ASX 200 [ASX: STW] fell to $3.9 billion after about $170 million ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows. Future Fund was happy to support re-election ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...