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Super concerns over legislation: Schroders

ANNABELLE DICKSON  |  FRIDAY, 22 JAN 2021
... their portfolios are less diversified, have more volatility and less exposure to private assets," he later told Financial Standard. "The conversations that I'm having with asset owners more broadly is that some have increased their passive exposure and ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... over $6.28 million in reported losses since the outbreak of the pandemic. A spokesperson from the ATO told Financial Standard that it was still working closely with the AFP to find those responsible. "The AFP as part of the Serious Financial Crime Taskforce ...

Ignition Advice expands team

ELIZABETH MCARTHUR  |  FRIDAY, 15 JAN 2021
... Ignition chief executive Manish Prasad left his position after a little over two years in the role recently. Financial Standard understands a new chief executive has been appointed but is yet to be announced.

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
... other funds' valuations of the same shares, than it did as of December 31, 2018." An IFM spokesperson told Financial Standard : "These allegations are false and as these matters are the subject of legal action it's not appropriate to comment furt ...

Former Christian Super deputy CIO in new role

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... the CINSF board who are all based in the Cook Islands," the fund's chief executive Damien Beddoes told Financial Standard. Beddoes said the appointment is expected to improve the fund's ability to meets its objectives, with a dedicated focus ...

Lack of diversity major business risk: SSGA

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 JAN 2021
... was around racial and ethnic diversity," Benjamin Colton, global co-head of asset stewardship at SSGA told Financial Standard sister title FS Sustainability. "The accompanying guidance piece is an expansion on a long-standing commitment to pushing for ...

Fund supports deidentified recruitment

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
... generally consciously bias, we're deidentifying the system, we're focusing on candidate versus CV," Hunter told Financial Standard. "Since adopting this, in under two years, we've transformed the way we hire. We are on the on-going journey of making ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... were terminating, so it's not a surprise," The Advisers Association chief executive Neil Macdonald told Financial Standard last month. He explained that the practices terminated by AMP were typically single-planner businesses with turnover of less ...

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... one main division - that just helps in terms of efficiencies," AMG Super chief executive Alan Hegerty told Financial Standard. Hegerty said AMG initially kept the funds' branding intact because they had their own member niches. Emplus was initially ...

Season's Greetings from Financial Standard

STAFF WRITER  |  MONDAY, 21 DEC 2020
The Financial Standard team would like to thank you for your support and loyal readership during what has been a challenging year. We will continue to bring you the most important stories and developments in wealth management, financial planning and ...