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Ausfood Super appoints chief executive
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.
mFunds sparked ASX outage, $1m credit issued
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.
Aussie shares cost 8% more on rebalance days: Dimensional
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.
Rest appoints first-ever chief of staff
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.
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![Kellie Wood Kellie Wood](https://media.financialstandard.com.au/prod/media/library/Contacts/wltmozcb-0002_featured_profile.png)
Kellie Wood
HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.
Everything that successive governments have introduced to "assist" obtaining ownership of homes has been demand side driven. Nothing has ever been done to improve the supply side, in particular developers need to build roads and install utility reticulation which raises the price of producing ready to build lots in new suburbs. Stop supporting buyers and start supporting suppliers is the the answer, but this does not win elections. Politicised policy is always short term, benefit before next election, no sensible long term planning.
Spot on PATRICK MCMENAMIN