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Defined benefit deficit at $182bn

ALEX DUNNIN  |  WEDNESDAY, 6 JUL 2016
Total defined benefit (DB) super liabilities across Australia stood at $340 billion, according to APRA figures. But this amount is backed by only $158 billion in net assets - amounting to a deficit of $182 billion. The announcement by the Queensland ...

ICG sells stadium to NSW govt

DARREN SNYDER  |  MONDAY, 4 JUL 2016
The New South Wales government confirmed it has purchased ANZ Stadium from boutique fund manager Infrastructure Capital Group, clearing the government's path to redevelop the site. The deal closed on Friday and the stadium will continue to be operated ...

AMP Capital urges voters to keep China fund open ahead of EGM

ALEX BURKE  |  FRIDAY, 1 JUL 2016
... which made the original wind-up proposal, issued an open letter to unitholders explaining why the firm would be voting to close the fund at the EGM. LIM, which is currently the third largest unitholder in the AGF, cited "significant problems, including ...

PROFILE: Industry Super Australia chief economist Stephen Anthony

DARREN SNYDER  |  FRIDAY, 1 JUL 2016
... "Currently the industry fund sector has more than $100 billion in physical assets in its portfolio. Potentially, it's not even close to exhausting the gains from that asset class. So it may be in the future, through further specialisation, that it adds ...

Report finds fresh barriers to funds management exports

MARK SMITH  |  WEDNESDAY, 29 JUN 2016
... for Responsible Entities/product issuers. In releasing this latest report FSC chief executive Sally Loane said: "We are close to being able to unlock the enormous potential of exporting Australia's financial services, but we are not there yet. The government ...

Altius to be acquired by Canadian firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
... account management firm servicing clients across Europe, North America, Australia and Asia. The transaction is expected to close in the third quarter of 2016 subject to regulatory approval and will combine the operations of Altius Associates with LP ...

Industry super fund becomes public offer

DARREN SNYDER  |  TUESDAY, 28 JUN 2016
An industry superannuation fund previously working with real estate employees is opening its membership to the general public from 1 July 2016. The $1.3 billion REI Super will be the latest super fund to become a public offer fund. It is a move that ...

NAS selects StatPro Revolution

KERRIE SYDEE  |  MONDAY, 27 JUN 2016
NAB Asset Servicing (NAS) has appointed StatPro Revolution as its new performance and risk analytics reporting platform. StatPro is a global cloud-based platform, providing analysis of portfolio performance, attribution, risk and compliance. The multi-asset ...

IAPF, ADPF celebrate property acquisitions

KERRIE SYDEE  |  MONDAY, 27 JUN 2016

Britons vote 'Adieu EU'

BENJAMIN ONG  |  MONDAY, 27 JUN 2016