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| | | ... should take solace that it takes us back just to where many of us were two years ago," he said. "It is very wrong to say super has or is being wiped out. And we've learned from previous crises that super has this uncanny habit of surprising on the upside. ... |
| | | | ... such as Grattan Institute and the Financial Services Council. However, it has also been panned by others including Industry Super Australia and Labor who have argued dipping into superannuation should not be the first solution but the last resort. ISA's ... |
| | | | ... five years to 2019, 361,000 account holders took out an average of $8000, totaling $2.9 billion in total early release of super due to hardship, according to Rainmaker analysis of APRA data. "The $10,000 per year the government is now allowing due COVID-19 ... |
| | | | ... Andrew Howard led investments at the $25 billion VicSuper, which is currently in the process of merging with First State Super and exploring another merger with WA Super. Howard built VicSuper's investment team and designed and implemented its investment ... |
| | | | The asset consultant's internal economic modelling is predicting a potentially "very large" recession for Australia this year, as COVID-19 rolls on. Frontier Advisors used the RBA's MARTIN, a new macroeconomic model the central bank built in ... |
| | | | A $35 billion public sector superannuation fund has deferred its transition to a new custodian, citing heightened short-term risk from COVID-19. Funds SA last July said it would end its 19-year-long custody relationship with J.P. Morgan and move to ... |
| | | | ... allocated about $27 million to an unlisted infrastructure fund from First Sentier, as it diversifies its portfolio. Christian Super invested €15 million (about $27.4 million) to the First Sentier European Diversified Infrastructure Fund III, which ... |
| | | | NAB's MLC Asset Management has named a new head for its Antares fixed income business, with the outgoing head to stay with the business. Mark Kiely will move into the role at end of this month. Outgoing head of Antares fixed income Ken Hyman will ... |
| | | | ... 58,000 clients and members. This is the new product which MLC last January said, will receive the members in legacy MasterKey super and pension products. All MLC Index Plus options will do down to flat 29bps, in what MLC says will benefit 40,000 retail ... |
| | | | ... its head of institutional sales Matt Willis, who left to take a business development role at the $105 billion First State Super. Vanguard promoted internally to fill Willis's role. Last year, BNP Paribas Asset Management hired an Aberdeen Standard Associate ... |
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