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Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... by the FSU. The ACTU argues that mandated paid vaccination leave would incentivise Australians to get the jab. Away from home, the city of Los Angeles has approved paid vaccination leave for all employees, with business owners now required to provide ...

Cbus invests in NHFIC issues

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
Cbus Super has invested $51 million in two recent funding rounds from the National Housing Finance and Investment Corporation (NHFIC), taking the fund's total allocation to social and affordable housing to about $140 million. Cbus invested $10 million ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Announced this morning, the sale agreement includes a 15-year strategic alliance that provides Hollard with the distribution of home and motor insurance products to CBA's retail customers. CBA will continue to earn income on these products. The deal ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... officially merge at the end of the month, chair Andrew Fairley will hand over the reins - but he has "no interest in going home to mow the lawns". After more than 12 years at the helm of Equip, two of which included its joint venture with Catholic Super ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... increase in the SG and concluded that Australian employers can afford to pay workers the SG rise in full and increase their take-home pay," Fahy said. The superannuation guarantee is legislated to increase up to 12% by 2025. The government previously ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... form of residential mortgages, one of the highest globally and greatly exposing the banking system to potential disruption. Home ownership rates, meanwhile, have halved for under-35s since 1995. Along with the Royal Commission, which the researchers ...

Index fund tops risk-adjusted rankings

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... Many of the products were recognised in the recent annual Investment Leadership Awards. Macquarie Investment Management took home six awards, including the Investment Manager of the Year.

Chief economist update: How do you solve a problem like Australia's housing?

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2021
... someday, they, too, will have the "Great Australian Dream" turn into reality. And that, Virginia, is a place we can call home. It's a dollar short (several thousands -millions? -- in fact) and a day late but the Australian Bureau of Statistics' ...

CFS, UniSuper win customer satisfaction nods

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
Colonial First State and UniSuper are the superannuation of choice for consumers, taking home the highest satisfaction ratings in Roy Morgan's annual awards. CFS received the Retail Super Fund of the Year nod in the 2020 Customer Satisfaction Awards ...

Macquarie sweeps Investment Leadership Awards

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
Macquarie Investment Management took home six awards at Financial Standard 's Investment Leadership Awards held at Sydney's Luna Park last night. Macquarie IM won the highly coveted Investment Manager of the Year award, making this the third ...