Super fund members need to temper their great expectations

The excellent recent investment returns of super funds have raised expectations among members that they can be sustained, but a reality check is warranted, given economic growth remains weak and interest rates are likely to stay lower for longer. The average annual return of super funds for the 10-year period ended October 31 was 7.9 per cent. Over the past year, […]

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Super idea! A super fund designed for women

Sangeeta Venkatesan’s initial reaction to the idea of a super fund designed specifically for women was scepticism. “At first I thought ‘That’s ridiculous. Why do women need something special? Men and women should be treated the same,’” Venkatesan admits. FairVine super executive chair Sangeeta Venkatesan says traditional super retirement products do not cater effectively for women. Digging into some research […]

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Wells Fargo tests cryptocurrency for internal transactions

(Reuters) – Wells Fargo & Co (WFC.N) said on Tuesday it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time. The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments within […]

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Future Fund on the hunt for private equity growth

Australia's $200 billion sovereign wealth fund is considering lifting its exposure to private markets such as venture capital to benefit from the growth of innovative companies, but warns finding value in current market conditions is challenging. The Future Fund's  deputy chief investment officer Wendy Norris told the Australian Investment Conference on Wednesday that private equity investments were an increasingly important […]

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Southern U.S. states have closed 1,200 polling places in recent years: rights group

WASHINGTON (Reuters) – States across the American South have closed nearly 1,200 polling places since the Supreme Court weakened a landmark voting-discrimination law in 2013, according to a report released by a civil-rights group on Tuesday. The Leadership Conference on Civil Rights found http://www.democracydiverted.org that states with a history of racial discrimination have shuttered hundreds of voting locations since the […]

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Breakingviews – Vision Fund may be Hotel California for investors

LONDON (Reuters Breakingviews) – Saudi Arabia and Abu Dhabi are involved in a high-stakes game of double or quits. The kingdom and its Gulf ally’s wealth funds jointly put up $60 billion of the near-$100 billion pledged to SoftBank Group’s giant Vision Fund. Now they have to decide whether to participate in the sequel planned by Masayoshi Son, the Japanese […]

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NAB targets tech with $2b funding boost

National Australia Bank has pledged an extra $2 billion in funding for emerging technology-based businesses that often find it hard to obtain finance, as it eyes a bigger slice of a key growth market. The country's biggest business bank will on Thursday commit to arranging or lending the money over the next five years. The majority of the funding will […]

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Without an Emergency Fund, How Can You Cover Unexpected Costs?

Around one-quarter of Americans have no emergency fund at all, which makes it tough to respond to unexpected expenses when they inevitably arise. Whether it's a doctor's visit or a car repair bill or a home repair, things come up in everyone's lives. If you don't have the cash to pay for these unexpected costs, you could find yourself in […]

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Italian bank fund won't plug entire Carige capital hole: sources

ROME (Reuters) – Italian banks will not step in to plug a capital shortfall at regional lender Banca Carige after U.S. fund manager BlackRock pulled out of a planned rescue bid, sources said, making a state bailout for the bank more likely. The two sources, who are close to a fund comprising Italian banks, spoke after officials met in Rome […]

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