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Bloomberg expands equity indices

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 JUN 2021
... and media giant published its US benchmarks in September 2019. The new Bloomberg emerging market benchmarks are weighted by free-float market cap, includes 26 countries, and represents over $14 trillion in market value. Collectively, the global equity ...

Macquarie subsidiary to acquire REIT

KARREN VERGARA  |  MONDAY, 7 JUN 2021
After its ninth attempt, Macquarie Agricultural Funds Management is set to acquire a real estate investment trust for $354.6 million. Vitalharvest Freehold Trust (VTH) accepted an offer price of $1.295 per share from MAFM on June 2. In November 2020 ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... as practicable and no later than 31 December 2021. The Financial Stability Board supports the adoption of overnight risk-free rates where appropriate, and recognizes the role of forward looking risk-free rate term rates in some limited cases. It also ...

Platinum launches investment bond

KANIKA SOOD  |  TUESDAY, 1 JUN 2021
Platinum Asset Management has launched an investment bond with Australian Unity. It is offering two options: Platinum's International Fund or the Asia Fund, according to the March 19 product disclosure statement. Lifeplan Australian Friendly Society ...

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... cryptocurrency investors to report capital gains and losses in their tax returns after fears investors may think they are tax-free. The ATO estimates that 600,000 taxpayers have invested in crypto assets in recent years and will be writing to 100,000 ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
With consolidation in the superannuation industry not slowing down, those who've been through a merger have revealed the anxiety, job losses and workload involved. Speaking on a panel at the AIST Conference of Major Superannuation Funds, Spirit ...

Plenary expands property team

ANNABELLE DICKSON  |  MONDAY, 17 MAY 2021
Plenary Group has poached a four-person team from John Holland as it looks to bolster its integrated property capabilities. The team includes executive directors George Rolfe and Tom Roche, director Jon Kavali and senior origination manager Zac Freeburn. ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... so much opportunity ahead with technology and the first step is to go digital." Advice Revolution has recently released a free mini fact-find, which removes the need to use PDF-based fact-finds and do-it-yourself online survey tools. The impact of this ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... firm Piper Alderman representing consumers alleged that Count Financial advisers failed to ensure their remuneration was free from conflict, among other failures that breached fiduciary duties.

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...