Australia’s Senate passed law to define the purpose of the nation’s booming A$4.1 trillion ($2.7 trillion) pension system, amid debate about whether first home buyers should be allowed early access to savings.
The Australian government proposed a raft of changes for the nation’s A$3.9 trillion ($2.5 trillion) pension industry, to prepare for the retirement of an estimated 2.5 million people over the next decade.
A group representing Australia’s A$3.9 trillion ($2.5 trillion) pension industry has recommended its members vote against the remuneration plan of scandal-hit Mineral Resources Ltd. at the company’s annual general meeting on Thursday.
Good morning and happy Friday, it’s Amy in Melbourne with today’s Newsletter. Today’s must-reads:• Resolute shares halted• Michele Bullock on Trump• Our latest podcast
Colonial First State, one of Australia’s largest pension and wealth managers, plans to accelerate its push into private credit investments to hedge against potential inflationary policies of Donald Trump.
Good morning, it’s Amy in Melbourne with your Wednesday news download. Today’s must-reads:• Green shoots of consumer, business optimism• Domestic airfares surge• New Zealand’s whiskey distilleries take on the world
Good morning, it’s Amy in Melbourne with your Friday newsletter. Today’s must-reads:• The latest Bloomberg Australia podcast episode• Social media ban for children under 16• Blackstone refinances debt
Good morning, it’s Amy here in Melbourne with your Friday newsletter. Today’s must-reads:• Our latest podcast • Macquarie falls short• Private credit looks to property
Aware Super and Delancey Real Estate have teamed up to invest 1 billion pounds ($1.3 billion) into UK property, targeting high-end offices in central London.
Australia’s two largest pension funds plan to add billions of dollars worth of unlisted assets as warnings mount about the financial risks posed by the industry’s already huge private portfolios.
Good morning, it’s Amy in Melbourne with your Friday newsletter. Today’s must-reads:• RBA rate-cut bets pared on jobs data• Crypto-mad Aussies should listen to this• Star Casino boss’s turnaround plan
The Netherlands retained its title as the world’s top pension system in an annual international index, which warned that too many people globally are retiring without enough guidance on how to make their savings last.
Good morning, it’s Amy in Melbourne with your Tuesday newsletter. Today’s must-reads:• Lithium miners surge • Scams in Southeast Asia • Crypto firms sponsor the EPL
Australia’s sovereign wealth fund’s giant mandate with hedge fund firm Man Group Plc fell by about A$1.5 billion ($1 billion) in the first half of this year, according to latest disclosures of its external managers.
Australian pension HESTA is pivoting back toward the property market as the A$87 billion ($60 billion) fund hunts out distressed opportunities among assets that have struggled under high interest rates.
Good morning, it’s Amy in Melbourne with your Monday newsletter. Today’s must-reads:• Another budget surplus• REA’s fourth bid for Rightmove • Fonterra’s new strategy
Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing.
Australian pension funds are tightening scrutiny of their private assets as regulators raise more questions about disclosure and valuations, according to asset manager Stafford Capital Partners.
Good morning, it’s Amy in Melbourne with your Tuesday newsletter. Today’s must-reads:• The rare earths challenge• China’s demand for Aussie wheat • The caseagainst social media age limits
Good morning, it’s Amy in Melbourne with your Tuesday newsletter. Today’s must-reads:• Chalmers on the proposed RBA changes• Smiggle managing director fired • NZ’s sovereign wealth fund returns 15%