Page 39 - Knowledge Centre News Today

Aware Super has announced a new head of government relations and policy from inside the super fund’s ranks.

Your Future, Your Super regulations ‘highly problematic’ By Neil Griffiths 26 May 2021 The Australian Institute of Superannuation Trustees (AIST) has criticised draft regulations of the government’s Your Future, Your Super legislation as its passage through Parliament hangs in the balance, saying that the package will “cause more harm than good”. In a submission to Treasury, the AIST said the legislation – which is ...

Industry fund appoints new chief  — 1 minute read 26 May 2021 An education industry super fund has appointed a former senior executive of Colonial First State as its new chief executive. In a statement, UniSuper said it had appointed Peter Chun to the role of CEO effective 6 September, following the announcement earlier this year that Kevin OSullivan would be stepping down from the role. Mr Chun had most recently been group head of member growth at Aware S...

High-net-worth investors ‘optimistic’ about economy in 2021 By Neil Griffiths 26 May 2021 New research from Citi Australia has found that high-net-worth investors are 2.5 times more optimistic about the economic outlook for 2021 than they were last year. The research showed that 49 per cent of high-net-worth investors are positive about the economy this year, with real estate, health care and information technology predic...

A new Hydrogen Industry Mission launched today by CSIRO, Australia’s national science agency, will help support the world’s transition to clean energy, create new jobs and boost the economy.

Report reveals ‘widespread appeal’ for ESG principles By Neil Griffiths 25 May 2021 Local research firm Investment Trends has revealed that 78 per cent of Australian investors currently adopt, or are considering adopting, ESG investing principles. In its inaugural ESG Investor Report released this week, the Sydney-based company revealed that the consideration of ESG factors is gaining “widespread appeal”, with subject...

Inflationary landscape leaves much to consider  By Jonathan Armitage 25 May 2021 I first mentioned the topic of inflation in 2020 and I am aware that raising the subject of inflation, in the middle of a pandemic that crunched economic activity, may have seemed a touch unusual. However, there’s now growing investment industry recognition that inflationary pressures are on the upswing and the world’s long holiday from destru...

Link secures new industry fund contract By Reporter The fund administration group has announced a new five-year contract with a building industry fund. In a statement, Link Group said it had secured a five-year extension to its existing contract with building and construction industry fund BUSSQ. The administration giant said it had won the extended contract due to its “continued commitment to market leading technology that improves BUSSQ members’...

‘There need to be some changes’: Super gains whittled away by fees By Sarah Kendell 24 May 2021 It’s a centrepiece of the Coalition’s plans to address gender equity, but scrapping the minimum super earnings threshold will be essentially meaningless for low-income workers unless funds agree to lower their fees, one of Australia’s biggest accounting bodies has said. The policy, announced in this month’s budget, would ...

Value’s death was premature and UK should prove to be ‘trade of the decade’ By Mike Aked 25 May 2021 Last year, the world economy crashed into the most coordinated global recession of the post-war era. Since then, Australia’s remoteness and robust housing market have helped lift it out of recession. Globally, the recovery is being felt differentially across many countries and regions. As a result, a once-in-a-decade opp...