NEWS BITES

Money Magazine Australia - - THIS MONTH -

BUSSQ is the lat­est of the su­per­an­nu­a­tion funds to give fund mem­bers an in­cen­tive for join­ing up for its re­tire­ment pen­sion. It pays a re­tire­ment re­ward of up to $11,520 to new re­tire­ment pen­sion mem­bers who have set up an ac­count-based pen­sion. It can be taken as a cash pay­ment or left in the ac­count to top up the mem­ber’s bal­ance. The Fat Prophets Global Prop­erty Fund run by Si­mon Wheat­ley, ex Gold­man Sachs and JB Were, is be­ing listed on the ASX in Septem­ber. It will in­vest in listed real-es­tate eq­ui­ties in de­vel­oped mar­kets around the world and make reg­u­lar pay­outs to in­vestors. It holds 30% in Aus­tralian REITs and 70% in in­ter­na­tional REITs. Air­tasker work­ers can now take out in­come pro­tec­tion insurance as the com­pany has teamed up with in­surer Roobyx Pty Ltd to of­fer the cover. Avail­able through the Air­tasker plat­form the pre­mium is cal­cu­lated weekly based on how much the worker earned in the pre­vi­ous week on the plat­form, so the cost in­creases and de­creases based on their earn­ings each week.

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