AMP launches new retirement advice offer for super members

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AMP has launched a new retirement health check advice offer for members of its superannuation funds, provided at no additional cost. The new intra-fund advice offer comes as AMP’s Financial Wellness research shows that half of Australian workers have no plans in place to achieve their retirement goals. Most workers feel in the dark about how much... Read more continue reading

Benefitting a non-dependant from your super

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A withdrawal and recontribution strategy could over time permit a member to transfer a material part of their superannuation to a non-dependant who would not ordinarily be entitled to receive the member’s super following the death of that member. Regulation 6.22(2) of the Superannuation Industry (Supervision) Regulations (“SIS Regulations”) provides that a member’s death benefits must not... Read more continue reading

Demand for LICs steady

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The Listed Investment Company (LIC) and Listed Investment Trust (LIT) sector closed out 2020 with a sector market capitalisation of $52.8 billion, a reduction of just 0.6% over the 12 months. This compares with the S&P/ASX200 benchmark which fell 1.5% over the same period. As the sector enters its 98th year of continuous operation in... Read more continue reading

CPD: What are carbon metrics?

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Discussions on carbon metrics are fast becoming a popular topic in investment circles. Carbon exposure is typically seen as a proxy for transition risk. Transition risk is a subset of climate risk associated with systematic shifts in regulation and consumption due to climate change.[1] Institutional investors, risk professionals and fund managers are increasingly looking to... Read more continue reading

Self-funded retirees 10% of PLS reverse mortgages

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Pension Boost is originating around 10 per cent of its government-run Pension Loans Scheme (PLS) reverse mortgages with self-funded retirees since the reforms were introduced in July 2019. The changes, which now allow self-funded retirees to access the PLS, have been fortunately timed as these retirees have been adversely impacted by the economic impacts of... Read more continue reading

Don’t delay the superannuation guarantee increase

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In July 2013, Australians’ superannuation savings started getting an extra boost when the superannuation guarantee contribution (the contribution that is mandated for employers to pay on top of workers’ salaries) increased above 9% for the first time in more than a decade. The plan to increase these contributions to 12% of a worker’s salary stalled... Read more continue reading

New bfinance ESG asset owner survey shows rapid growth in ESG investment activity across different asset classes, carbon reporting, impact focus

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With investors focusing more on ESG Kathryn Saklatvala investment matters than ever before, a new global study from bfinance, including 26 respondents from Australia, tracks key changes in implementation practices and identifies today’s key challenges. Three key themes have emerged from the findings: First, ESG is increasingly becoming a total-portfolio subject, with investors seeking to... Read more continue reading

Asian equities to outperform

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Leading value manager, Antipodes Partners, believes Asian stocks are primed for a long-term period of outperformance as Asia’s leading economies emerge with strength from COVID-19. “Asia, in particular China, has emerged from COVID stronger than many major western economies, with fiscal and government debt intact,” said Antipodes Asia Fund co-portfolio manager, Sunny Bangia. “Money creation... Read more continue reading

Pandemic caused US$220bn (AUD$285bn) of global dividends cuts in 2020, but the decline was less severe than feared

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During the worst crisis since World War II global dividends fell to US$1.26 trillion (AUD$1.63 trillion) in 2020, down 12.2% on a headline basis, according to the latest Global Dividend Index from Janus Henderson. This was better than Janus Henderson’s best-case forecast of US$1.21 trillion (AUD$1.56 trillion) thanks to a less severe fall in Q4... Read more continue reading

Professional fund selectors anticipate heightened risk in 2021 but are optimistic about market opportunities

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Natixis Investment Managers has published the results of its annual Global Survey of Fund Selectors, which found that, against the backdrop of continued market volatility and negative interest rates, professional buyers are positioning portfolios to capture the upside potential in 2021. The survey of 400 fund selectors at independent financial advisors, registered investment advisors, insurance... Read more continue reading