Page 5 - Rest Super News Today

Rainmaker Informations assessment of superannuation products shows that 56 super funds boast at least one AAA-rated product, down from 66 last year.

The watchdogs say funds must proactively and transparently account for falls in unlisted asset prices spurred by the global banking crisis and interest rate rises.

David Murray says Cbus members are at risk from the funds’ high exposure to the same industry – building – that they work in, but the fund says property is responsible for its strong performance.

SYDNEY — An Australian pension fund client of GQG Partners has asked the U.S. boutique investment firm for more information about its nearly $1.9 billion…

The super fund has further strengthened its investment team with two major appointments.   Rest Super has welcomed Scott Tully and Paul Docherty to its investment team. Mr Tully has joined Rest on a

Industry superannuation giant Rest Super is set to call time on its investment in NSW’s second-biggest electricity distribution company, Endeavour Energy. 

Treasurer Jim Chalmers hosted about 20 of the nation’s most powerful finance executives for a closed-door meeting to rally support for the Housing Accord.

Family office investors in Australia, Hong Kong and Singapore are wading deeper into digital assets, but Australian pension funds remain focused on blockchain tech more broadly.

Australia’s $1 billion industry superannuation sector is working with the Albanese Government on the next steps for the Housing Accord announced during the Federal Budget but the challenge is to develop new investments that meet super fund’s primary obligation to invest for the best financial interest of members.

A woman in Melbourne, Australia pleaded guilty to her role in stealing millions of dollars and laundering it via Hong Kong through cryptocurrency and diamonds.