Super funds that invest responsibly outperform peers – new RIAA study

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Australian super funds that comprehensively engage in responsible investment are outperforming their peers over one, three and five-year time frames, a new report from the Responsible Investment Association Australasia (RIAA) has found. The report also shows that in the face of rising public concern and increasing financial materiality of climate change, the consideration of climate risk […]

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AMP to unite ‘lost’ shareholders with A$13 million in unclaimed dividends: is your client one of them?

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AMP Limited has launched a campaign to find 43,000 ‘lost’ shareholders and connect them with their holdings and A$13 million worth of unclaimed dividends. Lost shareholders own AMP shares but the company has exhausted all means to contact them or pay their dividends. In many cases, investors – most of whom are likely to now […]

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Hands off our Super: Education industry fund members support SG increase to 12 per cent

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New research by specialist education industry superannuation fund, VISSF, shows strong support for increasing the employer superannuation contribution to 12 per cent – even if that is delivered instead of a pay rise. Created over 60 years ago for teachers by teachers, VISSF today has over 8,000 members working in the education sector and over […]

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Superannuation Summit: ‘Rebooting the system that is failing many Australians’

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Australia’s newest independent think tank is celebrating its launch by arranging a star-studded discussion on the future viability of Australia’s superannuation system, just weeks before a government review body is to issue a public consultation paper on the topic. The not-for-profit Crescent Think Tank, formed by a group of Australian and overseas academics, has confirmed former ACTU Secretary Bill […]

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Investing for retirement just got harder: thankfully dividends are still coping with negative interest rates

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Investors, and particularly Australia’s 3.8 million retirees, should review their income generating investment strategy in light of the RBA’s third  rate cut decision, according to Australian funds manager Plato Investment Management (Plato). While beneficial to homeowners and people trying to buy a home, rate cuts also see Australian retirees receive less income from their floating […]

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Alliance welcomes Retirement Income Review

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The independent Review of the Retirement Income System will provide an important opportunity to ensure that Australia’s world-class superannuation and retirement income system continues to evolve in a positive direction for all Australians. John Maroney, the newly appointed spokesperson for the Alliance for a Fairer Retirement System, says  Alliance members have identified five key questions […]

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Australia ranked 9th in the world for retirement outcomes in 2019 Natixis Investment Managers Global Retirement Index

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Australia ranked in the top ten for retiree wellbeing in 2019, despite sliding three places from 6th last year to 9th this year, according to the 2019 Natixis Investment Managers Global Retirement Index (GRI). Released yesterday, the index assesses 44 countries on the factors that drive retirement security, providing an overall ranking and percentage score […]

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Local Government Super identified as global leader in ESG investment

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Local Government Super (LGS) has announced that it has been identified by the world’s leading independent proponent of responsible investment, the United Nations Principles for Responsible Investment (UNPRI), as being in the top 10% of responsible asset owners worldwide. As a result, LGS has been included in the UNPRI Leaders’ Group which was recently announced […]

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Superannuation funds plan to boost offshore allocations

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Australian superannuation funds plan to ramp up their allocations to international assets as they seek to diversify investments and boost returns, according to a NAB survey published last week. The NAB Superannuation FX Survey found that 72 per cent of Australian funds plan to increase their share of offshore investments over the next two years and are […]

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Retiring super fund members can’t wait for Government’s timetable

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Superannuation funds need to get on the front foot and respond to the strategic challenge of developing good retirement solutions now, says global implementation specialist manager Parametric CIO Paul Bouchey. “Although superannuation funds can follow the Government’s legislative timetable to develop a Comprehensive Income Product for Retirement (CIPR) by 1 July 2022, that’s hardly an […]

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