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Superannuation

CareSuper, Spirit Super take final steps towards merger

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2024
CareSuper and Spirit Super will merge on November 1, with the new executive lineup and new name confirmed.

UniSuper's environmental option returns -16%

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2024
The fund's Global Environmental Opportunities (GEO) option returned a dismal -15.96% in FY24.

Cbus unleashes raft of fee changes

ELIZA BAVIN  |  TUESDAY, 30 JUL 2024
Cbus has announced changes to its administration fee and several fee changes for TPD, death and income protection cover.

Trend among young Aussies highlights need for affordable advice

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
New research has revealed a growing trend amongst young Australians which puts them at risk of falling victim to financial crime.

CalSTRS creates Total Fund Management division

ANDREW MCKEAN  |  FRIDAY, 26 JUL 2024
The California State Teachers Retirement System (CalSTRS) has established a Total Fund Management division, according to its latest Investments Branch business plan.

Australian Retirement Trust restructures leadership team

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
Australian Retirement Trust (ART) has undergone a major organisational shakeup that's resulted in an overhaul of its executive leadership team, including some key departures.

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
AustralianSuper and HESTA have taken a majority stake in a new housing company that seeks to provide institutional investors stable, long-term returns through large-scale housing investments across Australia.

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Encouraging more Australians to access equity in their homes, combined with changes to stamp duty and the Age Pension, could give asset-rich, income-poor retirees a valuable income boost and help free up more housing for young families, according to ...

Rest awards private equity mandate to TowerBrook Capital

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Rest has awarded a US$75 million ($112.15 million) mandate to transatlantic investment manager TowerBrook Capital Partners, for its Delta private equity impact fund.

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA.