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We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... finance, I am not an expert on government policy," Lowe said. "I have a strong interest in the question you ask, so I have read a lot of the reports this government, and others, have commissioned. I can read out the findings of those reports and say ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... were performed by the trustee, the US investment manager's subsidiary Fidelity Management Trust Company, the document read, and that Fidelity Management & Research Company held the second largest amount of assets in the plan. The plaintiffs claimed ...

Pension funds unite for ESG

JAMIE WILLIAMSON  |  FRIDAY, 27 NOV 2020
In an unprecedented move, eight of Canada's largest pension funds have come together to push for a standardised approach to ESG reporting to strengthen investment decision-making. Issuing a joint statement for the first time, the chief executives of ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
... proportion identifying in favour of retiring existing debt. Car purchases and extra income remain relatively stable," the report read. Many of the loans had a median term of 7.4 years, while the mean is about five years for early retirees or those under ...

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffett History is again bearing witness to the "Sage of Omaha's" widely-known investing principle for who would have dreamed that the US equity market would rally ...

Vanguard, Fidelity, BetaShares rank low on ESG: Report

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
New research from Morningstar has attempted to wade through the greenwashing in funds management based on managers' overall commitment - with some surprising results. The research looked at more than 100 strategies and 40 asset managers to provide ...

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
It's quite a delicate balance - akin to the "will it, won't it" speculations on Fed policy decisions BC (before COVID) - but it appears that the dying days of 2020 swing between optimism and pessimism depending on which side of the bed financial ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... the purpose of the system is understood, and provide a framework for assessing the performance of the system," the report read. It does suggest that the objective for the retirement income system delivers adequate standards of living in retirement in ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
The report modelled average annual retirement income from three types of longevity products for retirement income. Here's what came out on top. It found allocating 100% of retirement assets to a group self-annuity starting at 67 would yield the best ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
Consumers engaging directly with their super fund on insurance matters are often left confused and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised ...