Weekly economic roundupMONDAY, 15 AUG 2005 9:01AMThe Reserve Bank of Australia finally put interest rate speculation to rest last week. In his half-yearly parliamentary testimony, RBA Governor Ian Macfarlane reinforced the message from the Quarterly Statement on Monetary Policy released by the Australian central bank earlier this week that the official cash rate will remain at 5.5 per cent for the foreseeable future. |
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ASIC stalls Sequoia bid to ditch cross guarantee deed
ASIC is again putting up roadblocks to Sequoia Financial Group's attempt to revoke the deed of cross guarantee with InterPrac Financial Planning, asking more questions and requesting more information before the group rids itself of all liabilities arising from the Shield and First Guardian disaster.
MLC Super creates two new general manager roles
MLC Super has created two new roles of general manager of portfolio delivery and general manager of employer superannuation.
Robeco pitches Enhanced Indexing strategy to instos
Robeco has launched a new systematic strategy for institutional investors, designed to manage the Australian index's overconcentration in banks and miners.
Mercer reshapes fund manager lineup for fixed income strategy
Mercer Australia has halved the number of fixed income fund managers in its sovereign bond fund strategy, retaining just Challenger Life and Macquarie Investment Management.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.






