Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 784 results for super kanika sood

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... 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. ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... 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 ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... 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 ...

VicSuper investments chief joins Hostplus

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... 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 ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
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 ...

Superannuation fund delays custodian swap

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
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 ...

Industry fund awards infrastructure mandate

KANIKA SOOD  |  TUESDAY, 17 MAR 2020
... 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 ...

MLC Asset Management appoints fixed income head

KANIKA SOOD  |  THURSDAY, 12 MAR 2020
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 ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... 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 ...

BNP Paribas hires from Vanguard

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... 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 ...