Search ResultsShowing 1 - 10 of 100+ results for "Rainmaker"
The week that was
JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... government's plan to assist those facing financial hardship as a result of COVID-19. Early release to bite retirement hard Rainmaker modelled after-fee, after-tax superannuation outcomes for a 30-year-old member who starts working at 25-years-old ...
COVID-19 shaves $290bn off super
KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... $290 billion from Australia's superannuation system since the ASX's February 20 peak, according to new analysis from Rainmaker Research. Many superannuation funds lost between 10% and 14% as the equity markets plunged, as at March 12. "Of Australia's ...
Industry funds face reality of COVID-19 shutdown
ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... super this year under the government's plan to assist those facing financial hardship as a result of COVID-19. Rainmaker analysis of APRA data shows 58% of Rest's membership are millennials. About 58% of Hostplus' membership also sit in the ...
Early release to bite retirement hard
KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... due to the COVID-19 economic slowdown will sacrifice nearly $79,000 from their retirement nest eggs, according to new Rainmaker modelling. Rainmaker modelled after-fee, after-tax superannuation outcomes for a 30-year old member who starts working at ...
Industry fund boss exits
HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... of scale. At December end, the unlisted infrastructure option had $3 million in funds under management, according to Rainmaker data. It will officially close on March 31.
Early release better than SG freeze
KANIKA SOOD  |  MONDAY, 23 MAR 2020
... holders took out an average of $8000, totaling $2.9 billion in total early release of super due to hardship, according to Rainmaker analysis of APRA data. "The $10,000 per year the government is now allowing due COVID-19 is about 25% higher than the ...
SMSFs expected to outperform: Research
ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... in the current climate, due to higher than average exposures to cash and other low volatility assets, according to Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares, compared to other super funds ...
Perpetual exits MySuper
JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... a successor fund transfer. On or around May 1 members of Perpetual MySuper will transfer to CareSuper. According to Rainmaker data, the transfer will include more than 7500 member accounts and will see $220 million added to CareSuper's existing funds ...
UBS says goodbye to ETFs
KANIKA SOOD  |  THURSDAY, 19 MAR 2020
... issuers. In January, BlackRock shut a Taiwan stocks ETF which had only $5.65 million in assets. A 2019 report from Rainmaker titled 'Zombie ETFs' identified nine funds -- including three of the ones that UBS is shutting -- which had failed to ...
Volatility hits super funds
HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... volatility of global financial markets is taking its toll on some of Australia's largest superannuation funds. Latest Rainmaker analysis of superannuation returns and unit pricing shows Australia's large superannuation funds aren't immune ...
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