Finland’s Keva and Veritas see worries ahead from world conflicts, low interest rates

first_imgAmong individual asset classes, listed shares and equity funds returned 6.2% in the first half, fixed income returned 3.6%, real estate investments produced 2.6% and smaller asset classes including private equity investments yielded 9.5%, Keva said.Hedge funds generated 4.8% and commodity investments produced 9.6%, it said. Keva’s asset allocation was weighted towards fixed income, with this class making up 43.3% of all investments, while quoted equities accounted for 39% of the total.Real estate made up 5.5%, hedge funds 4.8% and commodity investments 0.5%.Chief investment officer Ari Huotari, warned that concerns which dogged the markets in the first half were here to stay for the rest of the year.“News of economic growth in Europe and especially in the euro area was very modest,” he said.While news from the US appeared more positive generally, there were disappointments even there, he said.“And early in the year, the market proved surprisingly resilient to problems in Russia and Ukraine, the Middle East and the Ebola news from Africa,” Huotari said.Keva’s total assets under management grew to €39.9bn at the end of June from €35.3bn at the same point the year before.Contributions rose to €2.6bn in the first half, up from €2.5bn.Meanwhile at Veritas, equity investments returned 6.7% — more than any other asset class — up from 3.9% in the first six months of 2013, according to the pension insurance company’s half-year figures.Bonds generated a 4.2% return — up sharply from the 0.8% loss suffered in the same period last year — while direct property investments produced 3.1%, little changed from the 3.2% year-earlier return.Veritas’ investment director Niina Bergring said the pensions insurer was pleased with the first-half result and said it proved the low-risk investment strategy had been right.“Interest rates have fallen and by more than expected, which has led to a particularly good return of 4.2% on our bond investments,” she said.However, the lower rates were eating up the potential returns on bond investments in the future, and were a problem for all long-term investments, Bergring said.The solvency ratio stood at 30.2% at the end of June, Veritas said, up from 27.5% 12 months earlier. Keva, the Finnish local government pensions institution, increased its investment return in the first half of the year to nearly 5%, but said the period had been marked by market concerns about economic growth and geo-political disturbances.By comparison, private sector earnings-related pension provider Veritas reported a 4.6% return on investments in the six-month period, with equities the best-performing asset class, but warned that low interest rates could eat into future investment returns.Keva’s January-to-June investment return of 4.8% was up from the 2.3% reaped in the same period last year. The fund saw investment income of €1.8bn, more than double the €802m from the six months to June 2013.Jukka Männistö, Keva’s chief executive, described the first half results as good, even though he said the capital markets had been weighed down with worries about economic growth and the many troubles in different parts of the world.last_img read more

Pension fund for Royal Mail grows assets by £2.1bn as yields plummet

first_imgThe Royal Mail Pension Plan (RMPP) saw its assets grow by nearly 70% as falling UK Gilt yields added nearly £2.1bn (€2.8bn) in assets.The pension fund for staff of the newly privatised UK postal service saw assets increase to £6.5bn from £3.9bn over the year to April.It received more than £550m in contributions but only paid out £27m after shifting pre-2012 liabilities to the taxpayer to enable privatisation.The RMPP comprises two pension funds for the Royal Mail Group (RMG) and the Post Office Ltd (POL). Asset increases were primarily a consequence of a drop in Gilt yields over the year, which pushed up the value of the scheme’s liability-driven investment (LDI) portfolio, managed by BlackRock.Over the year, the RMPP increased its LDI portfolio, with the pre-hedge of liabilities expected to commence in 2016-17 for the different segments of the scheme.“During the year,” the RMPP said, “the pre-hedge resulted in a significant rise in value of liability-matching assets, and, consequently, the surplus is expected to have increased – although this is expected to unwind over the period of the pre-hedge as the benefits accrued increase.”In the year to April, the RMG section achieved an investment return of 6.5% on its return-seeking assets and 89.8% on the LDI portfolio, generating a 2.5% overall investment return.The POL section achieved a 0.3% return.The RMG section increased its exposure to alternatives from 3% to 4.3%.It also increased LDI allocations to 66.4% from 54.1% and reduced equity by 1.4 percentage points to 10.2%.The majority of its allocation changes came from reducing the cash holdings in the scheme by 6 percentage points – now at 2.4% – as well as property, high yield and investment-grade credit.The scheme added: “During the year, [RMPP] further diversified its return-seeking assets, adding new private equity portfolios with Quantum Energy Partners and Vivo Capital, as well as a new alternatives portfolio with Och Ziff Capital.”last_img read more

US election: European pension funds, markets await clarity

first_imgThe reaction to Trump’s election from several European pension funds has been to state that it is too early to give a definitive assessment of its meaning, not least as it is unclear how his rhetoric will translate into policies.Kasper Ahrndt Lorenzen, CIO of ATP, expressed confidence about the resilience of the DKK805bn (€108bn) Danish pension fund’s investments.“We have a contingency plan prepared to mitigate the market reactions,” he said. “Political risk is an ongoing part of the markets, and I’m confident the robustness of the portfolio can withstand this event as well.”Henrik Henriksen, chief strategist at Denmark’s PFA Pension, said the election result would prompt a risk-off reaction from investors. “Markets and investors will remain anxious in the near future because Trump’s rhetoric and proposal to introduce tariffs on foreign goods has sparked fears of a slowing in global trade and, thereby, lower global economic growth,” he said.“The increased uncertainty will make investors head for safe havens such as bonds, gold, yen and Swiss francs.”He noted that the Republican Party’s winning control in both houses in Congress increased Trump’s chances of delivering his promised expansive economic policy, which could be positive for growth and reduce his focus on changing trade pacts, which the markets fear.Timo Viherkenttä, chief executive of Finland’s State Pension Fund, VER, compared the US presidential election with the EU referendum in the UK at the end of June.“It is still early to know the ultimate market reaction,” he told IPE. “If the bounce-back after the immediate drop is sustained, one can compare this with the market’s Brexit referendum reaction, which turned out to be a temporary one except for the pound.”However, Viherkenttä noted that the Brexit reaction lasted somewhat longer than the initial US election effect, which was largely retraced within hours.“Of course, there is still a lot of uncertainty concerning the economic policy of the incoming US administration and Congress,” he said.In the Netherlands, the CIOs of major pension investors APG and PGGM declined to comment.Marcel Andringa, CIO of the €45bn metal scheme PME, said he expected the markets would calm down soon.Harmen Geers, spokesman for APG, said it was too early to draw conclusions from APG’s perspective as a long-term investor.He said APG was assessing whether all its scenarios covered the full impact of Trump’s election.According to Geers, APG hedged against a drop of the US dollar and prepared itself for the expected volatility by keeping sufficient liquidity as collateral.According to Dennis van Ek, actuary at Mercer, many pension fund clients made inquiries about the possible scenarios ahead of the US elections.None, however, had taken concrete steps, as the outcome would be too close to call, he said.Based on market reactions as at early afternoon today, van Ek said the outcome of the election had only slightly affected Dutch pension funds’ funding.He said limited losses on European equity markets and the Dow Jones’s futures, combined with the 30-year swap rate – pension funds’ main criterion for discounting liabilities – steady at 1.05%, had led to a funding loss of 1 percentage point on average.At October-end, the average coverage ratio was 99%.In Germany, Rainer Jakubowski, CFO at BVV, the €26bn pension provider for the country’s financial industry, said: “A qualified statement or even a prognosis on the effects of the – ultimately surprising – results of the US elections on the capital markets or our investments is, of course, not possible at this point in time.“We know nothing about actual plans of Trump, specifically not regarding economic politics. In this case, it is probably best to stick to the stock market wisdom that political stock markets have ‘short legs’.”last_img read more

Irish auto-enrolment on track for 2022, says minister

first_imgRegina Doherty, minister for employment affairs and social protectionDoherty has previously described auto-enrolment as “perhaps the most fundamental policy reform in a generation” for Ireland’s pensions sector.Under the proposals, first presented in August 2018, employees would initially contribute 1% of salary to the scheme, matched by employers. This would escalate by 1% a year for both parties for the first six years, while the state would contribute a further 2%. By 2028, the total contribution for each member would be 12% of salary a year.New members joining after the system opened in 2022 would pay the same percentage as everyone else.Diverse range of feedbackWhile Ireland’s pensions industry broadly supported the proposals as a way of increasing private pension savings, several groups voiced concerns.The Society of Actuaries in Ireland said the default investment fund should be diversified, since the government’s recommendation of a low-risk fund was unlikely to provide an adequate income at retirement.Roma Burke, partner and actuary at LCP in Ireland, said she had reservations about the effective abolition of the 40% rate of tax relief for higher-rate taxpayers.  There was also criticism of the exclusion of certain groups of workers, including those under 23 or over 60, those earning below €20,000 a year, and the self-employed. These would not be automatically enrolled but would be able to opt in to the system.An estimated 65% of Ireland’s private sector workforce has no private pensions savings, and Ireland is one of only two OECD countries without a mandatory earnings-related element to retirement saving. Ireland’s government will push ahead with plans to introduce an auto-enrolment programme in 2022, the country’s minister for employment affairs and social protection has said.Regina Doherty told an industry conference yesterday that the Department of Employment Affairs and Social Protection had recieved more than 100 written responses to its consultation employer and employee representatives, pension industry bodies, academics and advocacy groups.Doherty said: “While, as a general principle, we have identified a unanimous consensus on the need for increased retirement savings, there is also a diverse range of views on the preferred manner and means of delivering the auto-enrolment solution.“The feedback received during the consultation process will be used to inform the preferred operational structure for automatic enrolment.” The department published its plans for introducing auto-enrolment last year as a set of “straw man” proposals, designed to generate discussion and ideas rather than as firm policy. The consultation closed in November.Given the fundamental issues to be ironed out, industry opinion has been that 2022 was an ambitious deadline for bringing auto-enrolment into operation, but the minister said she expected the system to be operational by this deadline.last_img read more

€16bn Danish pension fund created as JØP/DIP full merger confirmed

first_imgThe new merged company will take the name given to the funds’ joint administrative body initiated back in 2015, P+. The two funds have been gradually merging various operations over recent years.The deal will place the new pension fund among the top 10 largest funds in Denmark, according to IPE’s Top 1000 Pension Funds survey.Between them the two funds have assets of DKK120bn (€16bn), a size that senior staff have said would allow the new entity to take advantage of economies of scale and reduce costs associated with investment, administration and other business operations.JØP/DIP merger in numbersDKK120bn Combined assets under management95,000 Approximate combined membership3,509 Votes cast in the two members’ meetings this month3,388 Votes in favour of the merger, marking 96.6% of those cast Members of Danish engineering pension fund DIP have voted in favour of a proposed merger with fellow professional pension fund JØP at its annual general meeting (AGM).DIP reported that 93% of its members voted in favour. It follows a similarly positive vote from JØP’s members last Wednesday.DIP said that the last step remaining before the deal was finalised was the approval of the merger by relevant authorities.The fund said that, if the fusion with the JØP, the fund for lawyers and economists, went through, its chairman Peter Falkenham would become deputy chair and JØP’s chairman Anders Eldrup would head up a new transitional supervisory board.last_img read more

Rental market steady in Townsville

first_imgFile photoTOWNSVILLE’S rental market is expected to remain steady with vacancy rates sitting at 4 per cent according to the REIQ’s Queensland Market Monitor report.The report details that vacancies remained weak in the June quarter with a rental property sitting vacant on average for 15 days during the year.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020However property managers are reporting a recovery is imminent and the number of rental inquiries are increasing.June 2018 rental bonds data shows the market absorbed 775 new rental properties in the past year as bonds held increased for 23,921 in June 2017 to 24,696 in June 2018.Census data shows that about 39 per cent of Townsville dwellings are rentals, above the Queensland-wide average of 34 per cent.Median rent rate shave increased slightly by about $5 to %10 per week over the past year.House yields have remained steady at 4.8 per cent while unit yields have dropped slightly from 5.2 per cent to 5 per cent which could be attributed to the rise in unit prices.last_img read more

A beautifully renovated 1930s Brisbane ‘farmhouse’

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenA modern farmhouse renovation01:46Fusing a modern farmhouse design with contemporary style, this gorgeous family home in Coorparoo is a sight for sore eyes.The painstakingly renovated home from the 1930s features five bedrooms, three bathrooms, soaring ceilings, flowing open-plan living areas and sophisticated interiors blended with its original period features.7 Brae Street, Coorparoo, 4151, Queensland is pretty as a picture, inside and out. Picture: realestate.com.au/buyBrae Homestead, as the property is known, is the work of 2018 Master Builder award winner Front Porch Properties, and showcases exceptional craftsmanship throughout.There are some lovely unique touches, too, such as the original sliding pantry door and bespoke shelves.Unique features like this original sliding pantry door adds character. Picture: realestate.com.au/buyThis picturesque property sits on an elevated 539sqm block and is split over two levels.Perfectly set up for relaxed family living and entertaining, the home is spacious and welcoming, with almost every aspect enjoying either leafy views or city skyline vistas, not to mention plenty of sunshine.Pitch perfect when it comes to relaxed yet luxe styling. Picture: realestate.com.au/buyCustom shaker cabinetry, timber wall panelling and French doors leading outside give the property an elegant look and feel, while smart wiring throughout ensures it’s a truly modern abode.An eye-catching blend of natural stone, timber flooring and a rustic stone fireplace all combine to create a laid-back luxe style, which perfectly complements the warm, relaxed ambience of this home.Blending function and style, the kitchen is perfect for family living and entertaining. Picture: realestate.com.au/buyThe main living areas flow effortlessly from one to the other, as well as outside, meaning indoor-outdoor living is a breeze. The living and dining areas are flooded with light, as well as the gourmet island kitchen, which includes a butler’s pantry and high-spec integrated appliances.Sleek and elegant, the bathroom features a superb freestanding bath. Picture: realestate.com.au/buyMore from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoUpstairs, four sizeable bedrooms each offer lovely views and built-in robes. The master suite has its own private balcony, custom walk-in robe and a luxurious ensuite with a striking standalone bath.The property also features dedicated guest accommodation, a study and gym.Everything you’d ever want from an outside space. Picture: realestate.com.au/buyOutside is equally as inviting as inside, with an immaculate rear garden, resort-style swimming pool, outdoor barbecue and a summer gazebo.If there was ever a home to show off to family and friends, this is it.For sale by negotiation.last_img read more

Wanted: Prize property hunter

first_imgThe RSL Art Union’s Draw 365 prize is a trifecta of luxury apartments including one in Noosa. Picture: Supplied“You will be helping to not only change our prize winners’ lives by making them multi-millionaires, but the best part is, you will be helping to support, assist, and give back to our Australian Armed Forces veterans and their families.”The current holder of the title, Lisa Roy, was so run off her feet that RSL QLD agreed to duplicate the position “looking for another one of me”, she said.“It’s an awesome job. I love my job, every day is just amazing … I’m in property development but helping hundreds of people. It’s a happy feel-good job.” MORE REAL ESTATE NEWS The richest prize so far was the $5m RSL Art Union Gold Coast apartment block of six fully furnished units whcih was drawn four days before Christmas 2018.“Once we purchase them, we make sure they are up to prize home standard through renovations and then we release them to the public to buy tickets.”The most memorable experience for her was handing over keys to the winner of the largest block RSL Art Union had given away, 5000sq m, with six bedroom, 900 sqm house to a then 27-year-old, his wife and two kids. Why punish the regions to save Sydney? Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Lisa Roy is the property and prize manager at RSL Art Union, whose job involves travelling the country looking for the next prize homes. She’s so busy they’ve decided to duplicate her job and hire a second person to do her role too.Picture: AAP image, John Gass.Prize home hunter is a real job where you’re paid to travel and hunt down properties for multimillion-dollar competitions — and they’re hiring in Queensland now. If the glamour of crisscrossing three states, uncovering the best houses and apartments on offer is not enough to float your boat, the gratitude of sometimes down-on-their-luck winners and thousands of military veterans might.The Returned & Services League of Australia (Queensland Branch) posted the property and prize specialist job this week, stating “it’s hard to believe that you are going to get paid to do this job”.“This rare position has to be one of the best dream jobs going. You will be travelling the country — mostly the East Coast — finding, purchasing and renovating amazing properties for our RSL Art Union prizes.” More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoThe Noosa apartment that was found for Draw 365. Picture: SuppliedThe properties range from beach houses in places like Palm Beach to waterfront units in some of the most expensive suburbs in the country overlooking Sydney Harbour.RSL Art union has 12 lotteries a year, 10 of which were property prizes, she said. “We decide on which location, what sort of prizes, whether a beachfront home or trifecta of apartments like what’s open at the moment.”The glamour part of the job involves researching and recommending lottery properties, during due diligence on them, keeping an eye on renovation trends, but it can also extend into project managing property subdivisions. Budget commits to ‘most ambitious to date’ megacity RSL Art Union Draw 358 was a waterfront home on the Gold Coast fully kitted out.“We changed their lives. He was down to his last $2,000 in his bank account and was going to move to the Sunshine Coast to cut costs, and that’s where the house was located.”She said the job would suit someone who was passionate about property, loved dealing with people on a daily basis and who was on the ball when it came to paperwork and project management.The next RSL Art Union prize is a $3.3m multistate trifecta of units in blue ribbon suburbs of Noosa Heads in Queensland, Woolloomooloo (NSW) and Docklands (Victoria) — all styled, fully furnished and with the first year’s costs paid for. FOLLOW SOPHIE FOSTER ON FACEBOOK TV celebrity Shaynna Blaze’s quirkiest makeover It’s time to lock your rent in nowlast_img read more

New development popular with buyers seeking spectacular views

first_imgOnly four penthouses in the $500 million landmark Brisbane 1 development at South Brisbane are still available.The upper levels of Brisbane’s tallest development in the city south of the river are almost sold out.Only four of the eight penthouses in the $500 million landmark Brisbane 1 development in South Brisbane are still available. Noosa auction market on fire The view from Brisbane.R&F Property Australia vice president Thomas Chiu said he was thrilled with the outstanding buyer interest in Brisbane 1.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“While the views afforded by all apartments in Brisbane 1 are spectacular, they are truly breathtaking from the upper levels,’’ he said.“This has really struck a chord with buyers, along with Brisbane 1’s exclusive amenities and location in the heart of the exciting South Brisbane precinct.’’Around 85 per cent of Brisbane 1 apartments have already sold. Designed by leading Brisbane-based architects Bureau Proberts, each tower has access to an expansive recreation deck on level six, featuring a 25m lagoon pool and barbecues and alfresco dining areas.Brisbane 1 provides a wide range of one to three-bedroom apartments, starting from $370,000, with luxury sky residences priced from $925,000, three-bedroom sub-penthouses from $1.254 million and penthouses starting at $1.725 million. Aussie “A-listers” eye of coast padcenter_img MORE QLD REAL ESTATE NEWS: Brisbane 1, comprising three separate towers of up to 33 storeys, occupies an entire block bordered by Cordelia, Peel and Boundary streets and offers some of the most stunning panoramas to hit the market in Brisbane.The project by R&F Property Australia is one of the largest in a series of residential developments transforming the city’s fast-growing inner south into a thriving lifestyle destination. last_img read more

Brisbane Roar foundation member sells up

first_img Brisbane median house price hits record MORE: Buyers flock to church conversions Matt McKay of the Roar during one of his final games with the Brisbane Roar last year.Socceroo star and Roar legend Matt McKay has struck a deal on his Coorparoo home, landing $875,000 for the Brisbane property. Hot new rebate targets greener suburbs McKay bought the home in 2010 for $793,500 and the home has been rented out fetching $700 a week three years ago.McKay’s career included a stint with the K-League in Korea, the Chinese Super League and the Scottish Premier League, as well as 59 appearances with the Socceroos over a decade. FOLLOW SOPHIE FOSTER ON TWITTERcenter_img Not a bad view of the Brisbane skyline to gaze out on a balmy evening. The home followed an open plan for the living zones.It was put to auction in November but a sale was not finalised until February this year.The house was built in 1955 and sits on a 405sq m block with views off the deck of the city skyline.More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoIt was listed as being “perfectly placed to enjoy all of the area’s attractions with Coorparoo Square, parklands, cafes and schools all easily accessible on foot”. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 The prolific goal scorer retired from professional soccer last year after a career that included being a foundation member of the Roar in the mid-2000s.His four-bedroom home in Coorparoo was put on the market just months after his last game at Suncorp Stadium in April last year.last_img read more