The office of Bill Shorten says the Government will not offer tax relief or subsidies for funds that will have to implement proposed superannuation changes.
Mathias Cormann says Shorten reforms fail transparency, conflict tests
Bill Shorten’s changes to superannuation do not go far enough in delivering to Australians a transparent, conflict-free retirement system, says the Opposition’s Spokesman for Superannuation Senator Mathias Cormann.
Energy Super, Intrust seed emerging markets equity fund
Energy Super and Intrust Super have invested a combined $100 million in an emerging markets equity strategy run by global funds manager Neuberger Berman.
CareSuper’s Greg Nolan: super funds must brace for lower returns
CareSuper general manager for investments Greg Nolan says returns of up to 15 per cent that superannuation funds enjoyed over the past decade may be over.
Peter Fowler says Chi-X Australia on course for October 31 launch
Chi-X Australia Ltd., the market that will challenge the 150-year-old monopoly of the ASX Group, says it remains on course to begin business on October 31.
Ankura Capital’s Greg Vaughan says Australian market in strong position
Australia’s fiscal and monetary positions are better than in many other countries, underpinning a stock market that may fall less than the U.S. market, says Greg Vaughan, managing director of Ankura Capital.
Katherine Woodthorpe says private equity mood improving
Australian venture capital and buyout funds are more optimistic than they have been for a while, says Katherine Woodthorpe, chief executive of the Australian Private Equity & Venture Capital Association Ltd.
Obituary: Erik Mather: Correction
Zealous, indefatigable and relentless; and with unlimited patience to challenge, engage and lead; we all lost our governance hero with the death yesterday of Erik Mather.
Learning the ABC of social investing
The nearly ruined ABC Learning childcare empire was saved by a philanthropic consortium, The Good Start. But it wasn’t charity. MIRANDA WARD reports. A consortium of charities, bankers, commercial lawyers, tax experts came together with Social Ventures Australia (SVA) to raise a total $170 million to acquire the bankrupt ABC Learning childcare centres from competing … Read more
Where there’s fire, there’s smoke and mirrors
The loud cries from for-profit funds to open up awards are self-serving and neglect members’ interests, writes FIONA REYNOLDS, CEO of AIST. As the rollout of the first of the Stronger Super reforms begins, it appears that the next battleground in superannuation is emerging. There has been much clamour in recent weeks about default funds, … Read more
Fallout over FoFA, Stronger Super
The uncertainties about the Future of Financial Advice (FoFA) and Stronger Super reforms are hurting consumer and industry confidence, says JAMES BOND, chief economist of the Financial Services Council. The past three years have seen unprecedented uncertainty in the financial services industry and this was apparent in many of the discussions and presentations at the … Read more
