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Funds diverge on caution and conviction
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
AUTHOR
Jessica Penny
Brighter Super sells advice book
Advice licensee Centrepoint Alliance has entered an agreement to acquire the comprehensive financial advice book of the super fund’s subsidiary firm.
AUTHOR
Keith Ford
Industry coalition slams ‘absurd’ tax on unrealised gains
A coalition of industry groups including the SMSF Association is demanding the government and the opposition “immediately and unequivocally rule out any move to tax unrealised investment gains in any part of the tax system”.
New AMP chair urges super policy overhaul to tackle retirement drawdown challenge
AMP’s new chair has used his inaugural AGM address to call for policy reform on the “decumulation” phase of superannuation and position AMP as a key player in addressing the challenge.
AUTHOR
Maja Garaca Djurdjevic
Funds capitalise on volatility, tactically position for market weakness
Rather than retreating in the face of rising volatility and geopolitical uncertainty, superannuation funds are tactically positioning themselves to capitalise on equity market weakness, prioritising liquidity and flexibility to make strategic buys.
AUTHOR
Maja Garaca Djurdjevic
NGS Super to offer new retirement income product in latest partnership
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
AUTHOR
Jessica Penny
RBA governor douses hopes for early rate cut
Reserve Bank governor Michele Bullock has quashed hopes of an out-of-schedule rate cut, telling an event in Sydney that it remains too early to determine the trajectory of interest rates as the RBA grapples with growing global economic volatility.
AUTHOR
Maja Garaca Djurdjevic
Delahunty calls for policy stability to safeguard retirement savings
The CEO of superannuation advocacy body ASFA has laid out the sector’s expectations for Australia’s next government, underscoring the need for policy stability to safeguard members’ retirement savings.
AUTHOR
Jessica Penny
IFM acting COO accepts permanent position
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
AUTHOR
Jessica Penny
North Melbourne site secured by Aware in $1.6bn deal
Aware Super has made a $1.6 billion investment in a 99-hectare industrial precinct in Melbourne’s North which, the fund clarified, also houses the nation’s first privately funded open-access intermodal freight terminal.
AUTHOR
Jessica Penny
