Two-thirds of Australians underwhelmed by super balances: ART
Research from Australian Retirement Trust has found 67 per cent of Australians don’t feel their superannuation balance is in a good position for their age.
Australians switch financial habits due to rising cost of living: Findex
The majority of Australians (81 per cent) had to change their investment and saving goals in the last 12 months with the primary reason (44 per cent) being the rising cost of living, according to a Findex research.
Australians boost super to fend off economic uncertainties: Research
Australians want to contribute more to their retirement savings during times of economic uncertainties, research by Equip Super found.
Asset management pain will be an ‘ongoing reality’, says ART CIO
Ian Patrick, chief investment officer of the $280 billion Australian Retirement Trust, says the headwinds facing asset management businesses will become an “ongoing reality” as competition for super fund capital heats up. However, it won’t be a cause for more investment internationalisation at ART, as the fund opened a “modest” London office this week to better work with its partners on the ground.
‘Reservations’ about bringing YFYS to retirement products
Consultation on the Your Future Your Super performance test has provoked industry pushback against expanding the test into the retirement product and self-managed super fund sectors. The peak financial advice representative association has added its voice to others in expressing reservations about the impact on consumers of a retirement product failing a government-mandated test.
Future Fund adds $17.2 billion in financial year to date
Australian sovereign wealth fund Future Fund has returned 8.3 per cent in the financial year to date, adding $17.2 billion during the period and taking the overall assets under management to a record $223.4 billion.
QIC protects liquidity in expectation of ‘target-rich’ market outlook
Andrew Whittaker, portfolio protection strategist in QIC’s $65 billion investment team, thinks the market outlook is rich with opportunities despite the high-volatility environment becoming somewhat of a norm. As the fund shifts gears to lean towards a total portfolio approach, it is looking for more flexibility and better outcomes beyond just optimised sub-portfolios.
Calls grow for a top-to-bottom review of insurance in super
As more statistics emerge about the drop in insurance in superannuation as a result of recent legislative changes, shortcomings in the regime are becoming clearer. Critics say it’s overdue for an overhaul, focusing on claims processing; cover which encourages people to recover from illness or injury, where they can, and get back to work; and more standard terms of coverage which meet broader community expectations.
Asset owners affected as First Sentier dumps $14 billion in funds
Sydney-headquartered First Sentier Investors will hand back around $14 billion to a dozen local institutional clients after shedding four investment capabilities in its Australian asset management team.
Average retirement age in Australia increases by 4 years
Australia’s retirement age has increased four years between 2000 and 2020, which was the 12th biggest increase in all OECD countries, according to study from Age Calculator.
Super funds deliver fifth straight month of gains: Chant West
The median growth super fund has returned 8.8 per cent in the 2024 financial year so far with one more quarter ahead, according to research house Chant West.
Aware Real Estate begins two Melbourne housing developments
Aware Real Estate has launched large-scale housing development at Queens Road, in Melbourne’s inner south, and Preston in the city’s north, with the aim to add more than 700 homes to the city’s housing market.
