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Showing 41 - 50 of 100+ results for Kanika Sood

AustralianSuper posts best year yet

KANIKA SOOD  |  MONDAY, 5 JUL 2021
The $225 billion super fund's balanced option returned 20.43% in the year ending June 30, making it its best financial year returns since its start in 2006. AustralianSuper chief investment officer Mark Delaney said the FY21 returns of 20.43% were ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
The new superannuation guarantee rate of 10% will benefit 6.7 million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to ...

Aware Super joins APG in Spanish property firm

KANIKA SOOD  |  THURSDAY, 1 JUL 2021
The industry fund has committed â, 600 million to a firm in the Spanish residential rental market, joining Dutch pension fund APG as an equal shareholder. Vivenio Residencial Socimi S.A. develops, acquires and manages residential rental properties ...

Cbus expecting 19% returns for year

KANIKA SOOD  |  THURSDAY, 1 JUL 2021
The industry fund is expecting to cap off the financial year with 19% returns, on the back of strong markets and a 1.5% to 2% alpha contribution. Cbus chief investment officer Kristian Fok yesterday said the 19% expected return was a "remarkable turnaround" ...

AIA appoints head of strategic partnerships

KANIKA SOOD  |  WEDNESDAY, 30 JUN 2021
The life insurer has hired a head of strategic partnerships, who will be responsible for its master trust clients. Harumi Hancox has worked in group insurance for 25 years, most recently as the head of group life consulting services at IFS Insurance ...

Sydney boutique swaps RE

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
Harvest Lane Asset Management has swapped out Fundhost for Equity Trustees as its responsible entity after a unitholder vote. The changes apply to two funds: the $9.5 million Harvest Lane Asset Management Absolute Return Fund and the $8.2 million Harvest ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
360 Capital has sold its entire stake in E&P Financial Group, after its unsuccessful takeover attempt earlier this year. TGP sold its 19.9% stake in EP1 at 62 cents a share ($29.9 million total including dividends). It says it netted a $9.1 million ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
The corporate regulator has cancelled the Australian financial services licence held by stockbroker BBY Limited, after suspending it in May 2015 for three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to ...

WAM Global to acquire LIC

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
WAM Global Limited has entered a scheme of implementation arrangement with the discounted LIC Templeton Global Growth Fund to acquire 100% of TGG shares. WGB is already a shareholder in TGG and wants to acquire the shares it does not hold. TGG investors ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
By 2040, the government will be spending more on superannuation tax concessions than on the Age Pension, according to the fifth Intergenerational Report released today. The government currently spends about 2% of the GDP on superannuation tax concessions. ...