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HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... support payment after two years on claim. This payment can go towards helping in either their re-education or refitting their home to cater for a permanent disability." Standard death cover will go from maximum benefit of $5 million to $3 million. As ...

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
... index in 2020 and onwards to a fresh record in the first trading day of 2021, boosted by increased demand for "working from home" technologies prompted by social and business restrictions wrought by the coronavirus. Wall Street's 2020 rally is perfectly ...

Super fund targets homegrown opportunities

KARREN VERGARA  |  FRIDAY, 1 JAN 2021
... super fund is getting a head start, looking to develop an ecosystem that will stimulate investments into South Australia, the home of the super fund with 145,000 members. But unlike Queensland, Tasmania and Victoria, South Australia does not have an ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... investment methods (for a one-year term it is likely to be high quality fixed income investments), rather than through relying on Home Loans like the major banks do." He noted the annuity market, where Challenger dominates, is less than 5% of the $1 ...

Super industry to branch out: Rice Warner

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
... capacity to provide access to investments (outside superannuation) for medium term savings such as providing for school fees or home deposits," Rice Warner said. "The funds will invest more outside Australia. Within Australia, there will be high levels ...

DomaCom partners for Sharia-compliant home loans

KANIKA SOOD  |  MONDAY, 21 DEC 2020
Fractional property investor DomaCom and Islamic wealth firm Crescent Group have entered a partnership to offer a new home finance product aimed at 700,000 Muslim Australians. DomaCom and Crescent Group have entered exclusive heads of agreement with ...

Missing Caddick's mansion on the line

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... assets and liabilities, Maliver's solvency and financial record and an opinion on whether the company broke the law. Caddick's home in Sydney's Dover Heights was reported to be worth $7 million. ASIC is also cracking down on unlicensed financial advice ...

Real estate investor chief retires

ELIZA BAVIN  |  FRIDAY, 18 DEC 2020
... through the pandemic and is continuing to operate successfully, particularly with the majority of its people working from home for most of the year. "It has been an honour and a privilege to have been chief executive of a business that has delivered ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... stories so far in 2020. It wasn't always easy either. Like most of you, we spent a decent chunk of the year working from home and faced quite a few curveballs along the way; few companies are eager to draw attention to themselves in the midst of ...

Real estate proves resilience: CoreLogic

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The residential real estate market has proved resilient in the face of the economic shutdown caused by COVID-19, according to CoreLogic's 2020 Best of the Best report. Australia's $7.2 trillion real estate market was upheld by the top end, with luxury ...