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GQG reports US$10.5bn increase in FUM

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... emphasised the firm's strong commitment to investor relations in Australia. He highlighted GQG's leading position as the "top asset raiser" for global equity funds in Australia over a three-year span. "Given our on-the-ground investments, our ...

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

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... tax and super settings. "Firstly, that they increase the maximum income eligibility for LISTO from $37,000 per annum to the top of the second income tax threshold, currently $45,000 per annum," Blakey said. "And secondly, aligning the amount of the offset ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... to cost about $250 million a year, based on previous estimates by Treasury when the SG rate was still 9.5%. Paying super on top of PPL has long been advocated for by the superannuation industry and unions and was a key recommendation from the Women's ...

AustralianSuper to deploy £8 billion in the UK

ANDREW MCKEAN  |  TUESDAY, 5 MAR 2024
... AustralianSuper's ongoing commitment shows the strong relationship built as they create a global centre of excellence in London. "We are a top choice for major investments like this, and the government is committed to promoting opportunities available ...

More than 40% of women unprepared for retirement: CFS

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
About 44% of women are not financially prepared for retirement, according to Colonial First State. That's the key finding from the institution's consumer research, which showed a 13-percentage point gap compared to the 31% of men who feel the same. ...

HNWI collecting activity stoops: Knight Frank

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... scarce, and right now at least, so undervalued." Elsewhere, HAGI founder Dietrich Hatlapa said that while the value of the HAGI Top Index was up 22% in 2022, a retreat of 6% in 2023 wasn't all that bad. "It's a very small market, so it only takes a minor ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... October 2022 launch. It also comes on the back of the fund's first full calendar year result which saw it take out the top spot among default Lifecycle options, returning 14.7% for the 12 months to December end. In doing so, it beat out the likes ...

Rest awards impact mandate

RACHEL ALEMBAKIS  |  TUESDAY, 27 FEB 2024
Rest is $150 million closer to reaching its impact investment target after allocating to a listed equity fund. Rest has invested in an international listed equities strategy run by Ninety-One, which "aims to achieve long-term total returns by investing ...

Pay gaps at super funds, fund managers revealed

JAMIE WILLIAMSON  |  TUESDAY, 27 FEB 2024
... the average or median pay of women and men across organisations, industries, and the workforce as a whole." Looking at the top five superannuation funds in Australia by membership, AustralianSuper has the lowest median gender pay gaps: 7.1% for base ...

Super funds captivated by equities: Research

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
... markets and found Australia's high dependency on the equity markets, allocating 51% to stocks, which is above the average of the top seven countries of 42%. The US pension market has some 46% invested in equities, while Canada and Switzerland have 31% ...