The co-founder of Forum Partners said Australia was “probably as far advanced as anyone” in addressing the problem.The Australian model of Super funds is largely DC and active in both the real estate and infrastructure market.Platt said there were ways of tackling the problems that stemmed from requirements to revalue property holdings on a daily basis, and also that the use of real estate securities could offer ways of allowing for limited liquidity required by some DC investors.“The Australians have come to a very common-sense view,” he added. “Even if we have to allow for daily liquidity and portfolio changes among our underlying superannuants, not everyone is going to move from one side of the ship to the other at the same time.”He said many investors would instead take on a limited amount of implied liquidity and either create an internal trading market or invest instead in real estate securities.“That kind of approach, certainly from the largest players in the industry, is what we will see adopted more broadly,” he said.“Australians view real estate securities not as an add-on or the icing on the cake, which is typical of perhaps Americans and Western Europeans, where REITs aren’t as entrenched. Rather they view it as the foundation of a real estate portfolio.“The world is probably going to move more in that direction, and in that sense, again, Europe is playing catch-up.“Finding ways to crack this, there is not going to be any single solution, but a series of product innovations. It’s probably the most exciting edge of the real estate industry, as far as I’m concerned, finding ways to deliver liquid alternatives.”Property holdings by DC fund are not unheard of outside of the UK, and the National Employment Savings Trust has considered the use of REITs as a way of providing it access to the real estate market – both domestically and globally. The property industry is only just beginning to consider how defined contribution (DC) funds could invest in real estate, but must find ways to deliver liquid alternatives, according to the chief executive of Forum Partners.Russell Platt said the innovation needed to allow for such investments would be exciting, but that Europe was “playing catch-up” compared with the more advanced Australian superannuation market.Speaking at a La Française Asset Management event – less than a year after Forum and the French manager agreed a strategic partnership that saw La Française acquire a 24.9% stake – Platt identified the shift from defined benefit pension funds to DC as one of the biggest challenges facing his industry.“People now are just beginning to turn their attention to it, and it’s not easy – particularly if you want to provide lower-volatility direct real estate and equity assets into a defined contribution plan,” he said.
Stuff co.nz 25 August 2015Workplace relations minister Michael Woodhouse voted against liberalising Easter Trading laws just three years ago.Woodhouse has just passed the baton to councils saying they will now decide whether shops can open on Easter Sunday.He said the yesterday this was because current rules are arbitrary and unfair to businesses.But in June 2012 he opposed a member’s bill from National colleague Jacqui Dean to relax rules in Otago.Other National MPs who voted against the proposed legislation were ministers Gerry Brownlee and Sam Lotu-liga, as well as Chester Borrows, Tim Macindoe, Alfred Ngaro, Simon O’Connor and Jonathan Young.Prime Minister John Key voted in favour.It was defeated 70 votes to 49.http://www.stuff.co.nz/business/71418183/Minister-voted-against-earlier-Easter-trading-bill?cid=app-iPhoneUnions wary of Easter trading law changes3News 25 August 2015Wanaka retailers appear to have finally won their decades-long battle for the right to open on Easter Sunday.But there are concerns the proposed protections for workers who want to take an Easter holiday won’t have any teeth.Conservative lobby groups are also opposed to the changes, saying stores are already open almost every day of the year.“Public holidays are traditions. They create rituals for families, not based on shopping but on celebrating together, reconnecting, and making memories,” says Family First director Bob McCoskrie.“Poll after poll has shown that both parents and children want to spend more time doing family things like picnics and holidays together. However, this is becoming increasingly difficult.”http://www.3news.co.nz/nznews/unions-wary-of-easter-trading-law-changes-2015082508#axzz3jsPmxaUkCatholic Church ‘appalled’ at changes to Easter tradingStuff co.nz 27 August 2015The Catholic social justice agency is “appalled” by the Government’s proposed changes to Easter Sunday trading restrictions.On Monday, the Government announced it is changing “arbitrary” national Easter Sunday trading restrictions.Currently, public holidays are observed on Good Friday and Easter Monday, and Sunday is a restricted trading day. Some tourist towns, such as Queenstown and Taupo, are exempt from the heavy restrictions on trading.Under new legislation, the decision to allow shops and garden centres to stay open will be handed to councils.Caritas Aotearoa New Zealand said the decision to liberalise Easter trading hours to local councils will have negative implications for families and communities.Director Julianne Hickey said the agency was “surprised and appalled” by the proposed legislation.http://www.stuff.co.nz/business/better-business/71521798/catholic-church-appalled-at-changes-to-easter-trading.html
Published on January 12, 2013 at 7:36 pm Contact Ryne: firstname.lastname@example.org A quick glance at the box score and DaJuan Coleman only scored six points in 15 minutes of action. But the freshman center’s contributions in the paint came at crucial points during Syracuse’s 72-61 win over Villanova on Saturday.His first bucket of the second half, a strong move finished on the left side of the glass, gave SU a six-point lead with 13:09 left. His second came after the Wildcats closed to within one point, an emphatic slam off an up-and-under move that led to an ovation from the Carrier Dome crowd when he checked out 21 seconds later.“I thought DaJuan made a couple good plays,” SU head coach Jim Boeheim said. “We got him the ball in position and he made a couple good plays out there for us which I think was good.”Coleman was decisive underneath on his two scoring chances, a contrast to his hesitant play early in the season. And he also brought a physical presence in SU’s zone, leading Boeheim to say he was more “engaged “ on the defensive end. Coleman grabbed two rebounds and added a steal in his limited minutes.Coleman said he’s focused on making strong moves to the basket, especially as SU continues conference play against tough opponents. And he accomplished that Saturday with his strong play offensively.AdvertisementThis is placeholder text“This is Big East play, you ain’t going to get the fouls so just go strong to the basket,” Coleman said. “That’s what I did.”And when he wasn’t on the court, Coleman remained intent on the game watching from the bench.He was emotional running down the court after his first basket gave SU some breathing room. And he released more excitement heading to the bench with Syracuse still holding onto its three-point lead.Minutes later, after Trevor Cooney’s 3-pointer put the Orange up by 14 to seal the win, he was the first to jump off the bench.“I just try to bring energy and anything I can do to get the team pumped up” Coleman said. “Because when you get the team pumped up, everybody’s scoring everybody’s involved, the crowd’s involved and it kind of shifted our way so that’s what I tried to do.“That’s the player I’m trying to be.” Comments Facebook Twitter Google+