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Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... by 74%, the fund says it is preparing for future challenges among a growing asset pool likely to reach $50 billion in the next three to five years. Cbus' board recently approved the new investment strategy, something which executive Kristian Fok and ...

MYEFO: Surplus of promises

BENJAMIN ONG  |  TUESDAY, 20 DEC 2016
... Mid-Year Economic and Fiscal Outlook (MYEFO) report showed the budget deficit beamed up by a cumulative A$10.3 billion over the next four years to FY2019/20. (The May 2016/17 Budget Papers had the deficit at A$84.6 bil over the next four years). The ...

NZ SMEs to receive $260m VC boost

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
The NZ Super Fund will invest $260 million into SMEs across New Zealand over the next five to ten years via a range of venture capital funds. The fund will invest up to NZ$90 million in Direct Capital's V Fund, up to NZ$120 million into Pioneer Capital's ...

The year that was and the year that will be

BENJAMIN ONG  |  MONDAY, 19 DEC 2016
... reflationary policy, it's looking likely that the Fed would be able to push through its forecast three 25 bps rate hikes next year. However, expectations of higher US interest rates would further boost US dollar appreciation - slow the economy - and ...

Industry fund seeks volatility overlay mandate

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
... said one of the largest issuers in the US in filing for an ETF on that index, hopefully launched in the first quarter of next year.

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 16 DEC 2016
... employment. Twelve month ahead economic expectations dropped by 5.2% in December from November while expectations over the next five years declined by 2.5%. US CPI inflation Higher energy prices are flowing through into US consumer prices. Headline CPI ...

The good and the bad in the Fed rate hike

BENJAMIN ONG  |  THURSDAY, 15 DEC 2016
... became one (maybe), that became one (for sure)? Expect three for 2017 is the Fed's latest guidance. Three interest rate hikes next year indicates a Fed that is confident about the continued growth momentum in the US economy - good for equities not so ...

Turnbull putting industry fund governance back on the table

ALEX BURKE  |  WEDNESDAY, 14 DEC 2016
... not applied equally across "all sectors of the superannuation industry - whether retail, corporate or industry," and that next year his government would introduce legislation to address this. While he didn't refer to it directly, his comments appeared ...

Forager to launch Australian shares LIT

ALEX BURKE  |  WEDNESDAY, 14 DEC 2016
... the fund's style of investing, which is long-term and capital gain-focused, where returns can be lumpy from one year to the next," according to Forager chief investment officer Steve Johnson. He explained further: "Moving to a closed end, listed vehicle ...

Advice practices pass health check

DARREN SNYDER  |  WEDNESDAY, 14 DEC 2016
... health and optimism within the advice sector," Tucker said. Exploring what will drive the financial advice innovation agenda next year, the joint report says advice practices will seek to innovate in areas where they consider themselves most vulnerable. ...