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| | | A new law is empowering employees to choose their own superannuation fund, lifting restrictions that forced some members into a super fund dictated by their employer. The Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 passed overnight ... |
| | | | "One, two, Freddy's coming for you Three, four, better lock your door Five, six, grab a crucifix Seven, eight, ya better stay awake Nine, ten, he's back again." Just replace "Freddy" with "COVID" and this Nightmare on Elm Street remake of the ... |
| | | | The $45 billion industry fund for hospitality, sport and tourism has increased optional insurance premiums for some members by up to 73.7%. Non-default salary continuance insurance premiums for Hostplus members will increase from 1 October 2020. Salary ... |
| | | | Westpac has sold its vendor finance business to a New York-headquartered private equity firm, in the first sale from the bank's strategic review stable. Cerberus Capital Management has acquired Westpac's Strategic Alliances, with the equipment ... |
| | | | Australia's private sector activity is back, back in contraction that is. The Commonwealth Bank flash Australia composite PMI fell to a reading of 48.8 in August - indicating "Contraction, change of direction" - from 57.8 in July - indicating "Expansion ... |
| | | | The superannuation industry and its investments in unlisted assets will be significant in supporting the growth of the Australian economy, according to the Association of Superannuation Funds of Australia (ASFA). ASFA's new report, The role of the superannuation ... |
| | | | Yarra Capital has announced a number of in-house promotions within its Australian equities investment team. Michael Steele, previously deputy portfolio manager for the firm's Australian smaller companies equity capability, has been promoted to co-portfolio ... |
| | | | Platinum has appointed a new chair as Michael Cole gets ready to retire after 13 years in the position. The firm also announced the departure of Kerr Neilson from the investment team. Cole will retire both as a non-executive director and the chair on ... |
| | | | ... items such as Chronic Lung Disease and Cardiomyopathy." Prior to 1 October 2020, the TPD definition included a clause that read: "Unable to do basic activities associated with work ever again." Sunsuper said this applied to members who were not employed ... |
| | | | K2 Asset management posted $709,857 in after tax loss for FY20, saying returning the firm to profitability is the priority and recent tie ups will be fundamental drivers for growth. All five of K2's funds had negative absolute returns for FY20, ranging ... |
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