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Showing 51 - 60 of 117 results for "CIP"

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
The newly elected Federal Government has vowed to review the retirement income system and the numerous changes to superannuation that have been muted in the lead up to the election. Federal Treasurer Josh Frydenberg confirmed to the Australia Financial ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
When its monetary policy committee met on 21 March and voted unanimously to keep the Bank Rate unchanged at 0.75 and maintain bond purchases at £435 billion, the Bank of England (BOE) declared its future actions would largely depend on Brexit. "The ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
A bill amending retirement income legislation is now law, with several changes made to the legislative framework surrounding retirement income and social security receiving Royal Assent late last week. The Social Services and Other Legislation Amendment ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The government should abandon the Retirement Income Covenant proposed last year, if it can't sufficiently remediate its flaws by the deadline, the Productivity Commission says in the final report. Treasury has already extended the deadline on Comprehensive ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
UniSuper chief investment officer John Pearce spoke to Financial Standard earlier this month about market opportunities, building the fund's in-house investment team and CIPRs. Pearce said the fund doesn't particularly see a need to pull back ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Treasury is seeking consultation on disclosure documents and calculation methods for its proposed retirement income covenant. Phase two of the Retirement Income Framework is aiming to develop standardised and simplified metrics in product disclosure ...

New mortality study adds to retirement conversation

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
Actuaries have calculated mortality rates among Australians who use annuities. It is research they hope will help develop retirement income products including CIPRs. The Actuaries Institute and Rice Warner used UK mortality data on annuitants to calculate ...

Property fund hires manager

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... which is says is an 8.7% premium to its latest book value. The property was sold to sister REIT Centuria Industrial REIT (CIP) who issued trust units to raise money for the acquisition. "The sale is in line with our continued focus on identifying initiatives ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
Assistant Treasurer Stuart Robert announced two major updates to the proposed Comprehensive Income Products for Retirement (CIPRs) initiative, one of which is giving superannuation trustees more time to get retirement income strategies in order. Robert ...

Centuria REIT sees $755m off-market takeover

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
... offer from another REIT. PropertyLink Group (PlG) wants to acquire the all outstanding units in the Centuria Industrial REIT (CIP) for a combination of cash and PLG securities. PLG submitted a non-binding and indicative proposal yesterday. For each CIP ...