Growing consumer demand for ethical investing: 4 in 5 Australians prepared to switch funds

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9 in 10 Australians expect their superannuation or other investments to be invested responsibly and ethically, new research commissioned by the Responsible Investment Association Australasia (RIAA) has revealed. In an important signal to Australian’s superannuation, banking and wealth management sectors, 4 in 5 Australians would consider switching their super or other investments to another provider […]

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Australian super funds bring derivatives into the mainstream

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Australian super funds are embracing derivatives to perform a wide range of investment functions, according to a new survey by risk management and retirement specialist firm, Milliman. The survey revealed that roughly four in five funds (79%) using derivatives ‘always’ or ‘often’ used derivatives for risk management and hedging while other popular uses included portfolio […]

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Downsizing eligibility: Former homes now eligible under proposed bill

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The Downsizer Contributions measure, currently before the Federal Senate, will allow individuals 65 years or over to use the proceeds in relation to a sale of their main residence to make ‘downsizer contributions’ of up to $300,000 (or $600,000 for a couple) into super.  If passed, the provisions are expected to take effect from July […]

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Equity Trustees and Aon in $5.2 billion super alliance

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EQT Holdings Ltd (ASX: EQT), the holding company for Equity Trustees, and Aon has announced they had entered into an alliance that will create a $5.2 billion superannuation partnership  to service Australia’s rapidly growing superannuation market. Equity Trustees and Aon will merge the Aon Master Trust and The Executive Superannuation Fund, subject to the approval […]

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Local Government Super wins Infinity Award for the sixth time

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Local Government Super (LGS) has won the SuperRatings Infinity award for the sixth time, cementing its position as the industry leader in responsible and sustainable investment. LGS Chair, Bruce Miller, said “We are proud of the team at LGS for this significant achievement. To be the only super fund that has won the Infinity Award […]

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Super does not lose you money

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“I don’t want to invest into super. My friends lost money investing in super during the GFC.” This was a conversation I was having with a new client this week. I regularly hear the fear from investors of not wanting to invest in superannuation. This is due to a very common misunderstanding about what superannuation […]

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Super funds: Learn more about members or risk regulatory intervention

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The prudential regulator has warned super fund trustees to provide concrete evidence that they understand what their members want before making decisions on their behalf. The call was made by Australian Prudential Regulation Authority (APRA) deputy chair Helen Rowell at a Financial Services Council Leaders Summit panel. While Rowell acknowledged that super fund directors believed […]

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The retiree and the 100-year storm – The impact of tail events on financial outcomes

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Introduction Two years ago, the Chinese stockmarket was nearing the end of a mini-meltdown during which the Shanghai Composite shed more than 40% of its value in two months. This event, plus the US Federal Reserve’s decision to commence tightening later in 2015, contributed to a near 20% fall in the MSCI World Index over […]

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Super funds: learn more about members or risk regulatory intervention

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The prudential regulator has warned super fund trustees to provide concrete evidence that they understand what their members want before making decisions on their behalf. The call was made by Australian Prudential Regulation Authority (APRA) deputy chair Helen Rowell at a Financial Services Council Leaders Summit panel. While Rowell acknowledged that super fund directors believed their decisions […]

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Downsizing retirees can boost superannuation with home sale

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People over 65 will be able to make an additional contribution to super provided they sell their house to do it. This measure was part of the May 2017 budget changes. The basic details are that individuals who are home owners can, from the proceeds of sale of their principal place of residence, each make […]

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