Commercial real estate to take 20pc hit from virus
The $1.2 trillion asset manager DWS group said rental declines from the outbreak of Covid-19 will hit valuations as more companies file for bankruptcy.
The $1.2 trillion asset manager DWS group said rental declines from the outbreak of Covid-19 will hit valuations as more companies file for bankruptcy.
Price competition in superannuation is still weak due to the lack of transparency on fees and total costs, the narrow shortlists often used in manager selection and the tendency to leave fee negotiation until too late.
Despite the insinuated negativity around the superannuation industry’s lack of innovation, there is an ambition to innovate. And it is through this lens that I feel we need to challenge the status quo on mergers.
Arndt will take over the helm of the $205 billion sovereign wealth fund in July after a three-month global search for a candidate.
Con Michalakis, the head of investments for the $9.4 billion Statewide Super, said a focus on tax and fiscal policies should be central to Canberra’s response to the coronavirus crisis.
Assistant superannuation minister Jane Hume said the government had no plans to raise tax on super to help pay for its giant stimulus package. Retirement experts don’t believe her.
In times of crisis, leaders who preoccupy themselves solely with financial survival can unconsciously neglect the wellbeing of their teams and impact their ability to thrive.
In a post-Covid world, organic growth will be much tougher and mergers of even very small funds may become a more cost-effective option.
More than 1 million Australians will access up to $10,000 from their superannuation funds in the coming weeks. But is it really in their best interests?
Several new potential mergers have emerged since the outbreak of the coronavirus after market turmoil placed further pressure on super funds.
Living with persistent pain can be hugely debilitating, both physically and mentally. Painaustralia, the nation’s pain management peak body, estimates that up to one in five Australians live with chronic pain, and 44 per cent of those will experience depression or anxiety as a result. Tragically, chronic pain has also been found to be a common contributing factor in many suicides.
Australia’s rich pool of retirement savings will likely be slugged with higher tax charges as Canberra struggles to repay the debt on its giant stimulus package.