A significant Chinese slowdown may already be unfolding

A significant Chinese slowdown may already be unfolding

Unfortunately, the option of avoiding the transition to consumer-led growth and continuing to promote exports and real-estate investment is not very attractive, either. China is already a dominant global exporter, and there is neither market space nor political tolerance to allow it to maintain its previous pace of export expansion. Bolstering growth through investment, particularly…
‘We could have fun’: IFM Investors defends sexual harassment allegations

‘We could have fun’: IFM Investors defends sexual harassment allegations

IFM was started in 1990 by Australian industry superannuation funds to invest in companies and infrastructure. It has grown to manage $113 billion for 329 institutional investors globally,with more than $50 billion of its funds under management invested in infrastructure. The Sunday Times reported that while the 50-year-old Mr Michel-Verdier had his bonus cut and…
Weak retail spending an ‘unintended consequence’ of the banking royal commission

Weak retail spending an ‘unintended consequence’ of the banking royal commission

Mr Stewart, lead retail partner at Ferrier Hodgson, says an unprecedented 23 per cent fall in retail foot traffic in the last week of December highlights the uncertainty among consumers and believes there may be worse to come as retailers are forced to clear higher levels of excess stock and landlords come under more pressure…
Why it’s better to rent property than buy – for now

Why it’s better to rent property than buy – for now

Brycki says the time to buy is when there is "zero optimism". "Wait until the markets are bombed out," he says. Major banks and financial conglomerates such as AMP and ANZ predict property prices will fall by up to 20 per cent from peak to trough, which means the market is about halfway to the…
‘How pathetic’: Paul Keating slams PC, Clive Palmer for ‘dudding’ workers

‘How pathetic’: Paul Keating slams PC, Clive Palmer for ‘dudding’ workers

"How pathetic is this as a policy recommendation?" Mr Keating said. "It is no news to anyone that the Treasury never supported the advent of compulsory superannuation. "It was delivered by political and industrial entrepreneurship. And only by political and industrial entrepreneurship." Periodic increases In Superannuation: Assessing Efficiency and Competitiveness, the government's independent economic adviser…
Paul Keating statement: Treasury never supported compulsory superannuation

Paul Keating statement: Treasury never supported compulsory superannuation

But the debate over their infamous handiwork goes on. Karen Chester in her Productivity Commission report recommends that before the Superannuation Guarantee finally rises to 12 per cent, another formal inquiry into superannuation be undertaken. Chester has already spent three years in investigation to produce the current report. And now, after three years, she says…
There are big economic risks in Labor’s imputation plan

There are big economic risks in Labor’s imputation plan

Undermines legitimacy This "dipping-in" undermines the public legitimacy of contributions schemes. Politicians have no idea of the future world retirees may face: low returns, climate change, the reconfiguration of world trade, or military conflict. But I want to focus on the serious macro issues raised by this proposal. Company investment is funded from shareholders' equity…
Future Fund returns are good but not necessarily best

Future Fund returns are good but not necessarily best

Big advantage Chant West used returns for the past seven years because a quirk of timing meant the Future Fund had much of its assets in cash when the financial crisis hit a decade ago, giving it a big advantage over super funds, which suffered large equity losses. The Future Fund is a sovereign wealth…
Will the Morrison government nationalise the $2.7trn super industry?

Will the Morrison government nationalise the $2.7trn super industry?

As revealed by The Australian Financial Review, it is now weighing up a scheme that would channel the almost half a million new workforce entrants each year - with their $1 billion in initial super contributions - into a government-run fund. This new fund would rely on the expertise of the government-owned $149 billion Future…
Kelly O’Dwyer lashes superannuation ‘ticket clippers’

Kelly O’Dwyer lashes superannuation ‘ticket clippers’

Among the options being mulled by the government is the idea of a competitive tender process to decide which fund or funds are eligible to manage default superannuation contributions for workers. The Future Fund could act as a sole default fund – an option rejected by the Productivity Commission – or one of the 10…

Must Read