Labor has promised to ban direct borrowing by SMSFs as part of a new housing affordability package released on Friday.
Solid performance in the Australian equity market over the March quarter has supported superannuation fund returns, according to Chant West.
First State Super is part of a consortium that has purchased the NSW government’s land title registry service for $2.6 billion.
The boards of Sunsuper and Kinetic Super have signed a heads of agreement giving in principle support for a merger between the two industry funds.
First Super will not make any new investments in private equity, and has placed its existing $100 million dollar private equity program into review over concerns over “poor labour practices”.
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