Australia Archives - Page 3 of 22 - Pension Policy International

27SepSeptember 27, 2023

Comparing ESG regulation globally remains elusive – report

Comparing global regulatory demands on ESG funds will continue to be elusive, according to a regulatory update from ISS ESG published Sept. 21. Experts at the Institutional Shareholder Services' sustainable investment arm reviewed current and proposed regulations in the European Union, U.K., U.S., Canada, Australia, Hong Kong, Singapore and Japan, and surmised "that navigating the emerging regimes will remain a challenge for the foreseeable future," the 2023 Global Regulatory Update said. It noted that two major sustainability reporting standards were finalized in 2023:...

September 27, 2023

NewsAustralia, ESG, EU, Japan, Regulation, UK, US

22SepSeptember 22, 2023

The Future of Global Retirement

By Andrew Evans & Will Wynne Smart is a world-leading retirement technology provider. Our mission is to transform retirement, savings and financial wellbeing, across all generations, around the world. Launched in 2015, our technology platform – Keystone – serves the needs of retirement savers globally, and we are now active on four continents. Keystone is specifically designed to help governments and financial services organisations to serve their citizens' and customers' retirement saving and spending needs. Smart’s team of engineers, researchers and user...

September 22, 2023

Books, Books, Reports, Savings2023, Australia, Investment, Pension Management, savings, South Africa, UK, US

05SepSeptember 5, 2023

Australian regulator warns pension funds

Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva, an Australian technology start-up whose lofty valuation tumbled in 2022. Sydney-headquartered software firm Canva hit a peak valuation of $40bn in late 2021, only to be revised sharply lower to $25.5bn last August amid a downturn in technology stocks. Major funds including Aware Super and Hostplus were investors. The Australian Prudential Regulation Authority (APRA) on...

September 5, 2023

NewsAustralia, Investment, Regulation

21AugAugust 21, 2023

Australia’s $1.5 trln pension sector invests in debt again

Australia's A$2.4 trillion ($1.54 trillion) pension sector grew its investments in local and foreign debt by more than A$20 billion over the past year as higher yields burnished an asset class overlooked in a country where equities traditionally rule. The two largest pension funds grew fixed income investments in their primary vehicles, holding bulk of the pensions, in the last financial year. For the A$300 billion AustralianSuper, the country's largest fund, its fixed income allocation hit the highest level since...

August 21, 2023

NewsAustralia, Investment

17AugAugust 17, 2023

Australian $100 bln pension fund targets private assets with London launch

Australia's third-largest pension fund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. Aware Super, with A$160 billion ($102 billion) in assets, will set up in the district of St. James, popular with hedge funds and private equity firms, and plans to have a team of 14 by year end, according to Deputy Chief Investment Officer and Head of...

August 17, 2023

NewsAustralia

26JulJuly 26, 2023

Australia’s $2.5 trln pension stash is one to envy

Ask Hong Kong-based financial bigwigs where they have been jetting off to since the Asian hub lifted its coronavirus restrictions and a surprising number say Melbourne. Sure, mining giant BHP (BHP.AX) has its headquarters in Australia’s second-most populous city, it’s a self-anointed coffee capital and boasts top-notch restaurants. It is also home to some of the country’s largest pension funds. They have plenty of capital to deploy, are too big for their home market and they’re getting larger fast. Superannuation,...

July 26, 2023

NewsAustralia

25JulJuly 25, 2023

Wall Street’s hottest ticket is these Australian funds

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital. The bank’s Melbourne-born boss is one of a string of executives from Wall Street and beyond doing more business with the largest players in Australia’s $3.5 trillion superannuation sector. The big attraction: inflows of more than $1 billion a week that need to find an investment destination. As the guardians of the country’s retirement savings outgrow their own backyard, they’re partnering...

July 25, 2023

NewsAustralia, US

12JulJuly 12, 2023

Aboriginal Man Loses Pension Fight With Australian Government

Proud Wakka Wakka man Uncle Dennis* brought the case in which the Federal Government faced court for the first time in connection with its failure to close the gap in life expectancy between Aboriginal and Torres Strait Islander people and non-Indigenous people. Despite recognising the ongoing gap in life expectancy, the Court did not accept that Australia's racial discrimination laws should give Aboriginal and Torres Strait Islander people earlier access to the age pension. It comes on the same day as...

July 12, 2023

NewsAustralia, Equality, Retirement Age

28JunJune 28, 2023

Australia. The positive super and tax changes from July 1

All Aussie employees will receive 0.5% more as their superannuation guarantee lifts to 11% of their salary from July 1, up from 10.5%. The biggest winners will be employees on award wages or enterprise agreements negotiated by a union because the superannuation will be paid on top of their wage. For example, an employee on a wage who is paid $100,000 plus superannuation is currently receiving $10,500 into their superannuation but from July 1, they will be paid $11,000 into...

June 28, 2023

NewsAustralia, Pension Payment, Saving

26MayMay 26, 2023

Australia. Rising retirement costs outpace inflation

According to the Association of Superannuation Funds of Australia (ASFA), the annual budget for a comfortable retirement is a record $70,482 for a couple aged 65 and $50,004 for a single. It says a “modest” retirement costs $45,808 for a couple and $31,785 for singles – which can be largely covered by the age pension. Retirees continue to face significant upward pressure on their household budgets with the cost increase reporting higher than Australia’s CPI inflation, which rose 7% for the...

May 26, 2023

NewsAdequacy, Australia, Inflation

September 2023

Comparing ESG regulation globally remains elusive – report

The Future of Global Retirement

Australian regulator warns pension funds

August 2023

Australia’s $1.5 trln pension sector invests in debt again

Australian $100 bln pension fund targets private assets with London launch

July 2023

Australia’s $2.5 trln pension stash is one to envy

Wall Street’s hottest ticket is these Australian funds

Aboriginal Man Loses Pension Fight With Australian Government

June 2023

Australia. The positive super and tax changes from July 1

May 2023

Australia. Rising retirement costs outpace inflation