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Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... Earlier this month, the government announced that the PPL scheme will include superannuation guarantee contributions from next year, but only if it wins the next federal election in 2025. According to Larissa Waters, the leader of the Greens in the senate ...

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... solutions to leading farmers and agribusiness across Australia and grow our Australian loan book to over $1 billion over the next five years," Rachelle Schlesinger, head of agriculture finance, PGIM Real Estate, said. "We chose to expand into the Australian ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... sector through the involvement of the four vendor principals. This not only provides us with the manpower and capacity for the next steps but also a wealth of knowledge and opportunities within the business for the right people to lead us forward." CAG ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... weeks from 1 July 2024 for all WA public sector employees. The initiative is expected to cost up to $46 million over the next four years with the aim to help close the gender superannuation gap and improve women's economic security in retirement. ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... access," she said. The research also explored the intentions of the 1.3 million Australians planning to seek an adviser in the next two years, finding their profile closely mirrored the 9.1 million who don't plan to seek professional advice. On average ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... commitment to pay superannuation on the Commonwealth Paid Parental Leave scheme. The Albanese government has said, if it wins the next election, it will add superannuation contributions of 12% to parental leave payments from July 2025. The measure is ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
If it wins the next election, the Albanese government has announced the Commonwealth Paid Parental Leave (PPL) scheme will include Superannuation Guarantee contributions from next year. In a major win for the super industry and Australian women, 12% ...

UniSuper, ISPT acquire commercial property at Western Sydney Airport

ANDREW MCKEAN  |  WEDNESDAY, 6 MAR 2024
... aiming to create a leading manufacturing, warehouse, and logistics hub exceeding 400,000 square meters of floor area over the next seven years, with an anticipated final valuation exceeding $3.9 billion. Ultimately, the estate could extend to over 800,000 ...

EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... distribution. Prior to that, he spent seven years at Macquarie Group. "At the moment, we are building our product strategy for the next few years in private wealth," Weingarth said. Weingarth explained that the business was initially built off high-net-worths ...