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first_img2017 HIA Australian Kitchen of the Year – Enigma Interiors, Queensland. Credit: Enigma InteriorsAN INTRICATE mosaic of a peacock on a flowering branch and an acrylic-encased island bench propelled two Queensland kitchens to win top national accolades, but they may not be everyone’s cup of tea.The 2017 HIA-CSR Australian Housing Awards saw Enigma Interiors walk away with the coveted Kitchen of the Year prize, with its “standout feature” being “a detailed splashback of mosaic tiles, displaying vibrant creativity, skilled and patient workmanship”. 2017 HIA Australian Kitchen Design winner – Sublime Architectural Interiors, Queensland. Credit: Sublime GroupThe 2017 Kitchen Design winner was Sublime Architectural Interiors whose “linear design seamlessly integrates the inside of the home with the outdoor component of the kitchen”.According to HIA, “judges noted this kitchen provides all the modern conveniences synonymous with innovative design.” 2017 HIA Australian Kitchen Design winner – Sublime Architectural Interiors, Queensland. Credit: Sublime Group 2017 HIA Australian Kitchen of the Year – Enigma Interiors, Queensland. Credit: Enigma Interiors 2017 HIA Australian Kitchen of the Year – Enigma Interiors, Queensland. Credit: Enigma InteriorsThe detailed mosaic which took up all the available space of a dividing wall was of a peacock on a flowering branch.Enigma described the project as “a new home designed closely from plan stage to make sure nothing was left out. For a growing family this kitchen had to be both appealing and functional. The separate butlers pantry with plenty of room to cook and create was the perfection solution. Lastly the splashback was the visual anchor providing a splash of colour.”According to HIA, “the judges said this unforgettable element works as a piece of art for the open plan living room”.center_img 2017 HIA Australian Kitchen Design winner – Sublime Architectural Interiors, Queensland. Credit: Sublime Group“From the origami pendant lights to the silver acrylic-encased island benchtop, there is plenty to admire in this beautiful kitchen”.“The mixtures of grey tones contrast with the timber detailing, showing the thoughtful use of multiple materials and the superior attention to the technical details needed to execute this design.”Both kitchens were delivered in partnership with Miele Australia. 2017 HIA Australian Kitchen of the Year – Enigma Interiors, Queensland. Credit: Enigma InteriorsMore from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours ago 2017 HIA Australian Kitchen Design winner – Sublime Architectural Interiors, Queensland. Credit: Sublime Grouplast_img read more

first_imgActively-managed investment funds recommended by investment consultants do not meaningfully outperform their benchmarks, according to the competition watchdog investing the UK consultancy sector.The Competition and Markets Authority (CMA) said it found no evidence that, net of asset management fees, products rated as ‘Buy’ by consultants outperformed either their respective benchmarks or unrated products to a statistically significant extent on average.This was based on an empirical analysis of actively-managed asset management products in a database maintained by eVestment, the CMA said.On average, recommended products outperformed their benchmarks only on a gross-of-fees basis. Passively-managed products were excluded from the analysis. “This analysis fits into our assessment of outcomes in terms of whether investment consultants are providing value for money in relation to the quality of their services,” said the CMA in a new working paper.It said it decided to assess the performance of consultants’ recommended asset management products because they were “an area which potentially adds value and can reasonably be measured, and where claims are commonly made”.It acknowledged that manager recommendations were only one part of the service consultants provided.The CMA has invited comments on its analysis and said it would present a final version of the work in its provisional decision about whether or not there is effective competition in the investment consultancy and fiduciary management sectors. The deadline for the final report is March 2019.The anti-trust authority said its work tested and expanded on analysis carried out by the Financial Conduct Authority (FCA). The FCA analysis – carried out in connection with its study on the asset management sector – found that “investment consultants in our sample were historically not able to pick out products that significantly outperformed (against benchmark) other products”.The consultants included in the CMA’s sample were: Aon, Capita, Hymans Robertson, Redington, Russell Investments, Willis Towers Watson, KPMG and LCP.Mercer was not included in this analysis because it did not subscribe to eVestment and therefore could not provide ratings data that could be matched with the database.The CMA said it attempted to include Cambridge in its analysis, but was unable to match any of their ratings into its dataset.last_img read more