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Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... markets Andrew Hinchliff said. "As our chief economist, Luke will be able to leverage cutting-edge AI technology and one of the most comprehensive financial data sets in the country, that provides our economics' team with unparalleled insights into Australia's ...

2025 economic outlook 'threatening': AMP

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... cuts and this should see profit growth return," Oliver said. "Fourthly, if recession does occur it's likely to be mild as most countries including Australia have not seen a spending boom that needs to be unwound and traditionally makes recessions deep." ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... licensees were generally slow to report to ASIC because they were slow to identify breaches and commence investigations. "Most licensees in the review identified and recorded very few incidents - over a three-month period, half of the licensees recorded ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... the superannuation industry." Deloitte also noted there is no formal review of the self-assessments, finding that with the most recent round of assessments, an explanation as to why was not provided in 51% of instances in which a director rated themselves ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... resolution (IDR) data reporting framework, flagging concerns firms are not reporting data accurately. Under the IDR framework, most licensed financial firms are required to report IDR data to ASIC on a six-monthly basis. ASIC said the inaugural industry-wide ...

Spatium partners to launch wholesale agricultural fund

MATTHEW WAI  |  WEDNESDAY, 4 DEC 2024
... said the asset class is volatile but there are measures in place to contain risk. "IIF has pioneered access to one of the most crucial industries in the world. One that everyone depends on every single day, but due to material barriers to entry, the ...

Sally Auld to take on chief economist role at NAB

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... executive, private wealth north has been filled by Ivano Simonutti. Simonutti has been with the bank for more than 18 years, most recently as national general manager, private bank.

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... demand," he said. "China's rate of economic growth continues to decelerate in 2024 to below 5% due to several headwinds, most notably a weak property market, declining consumer confidence and high levels of local government indebtedness."

Resources for the win in 2025: Datt Capital

MATTHEW WAI  |  TUESDAY, 3 DEC 2024
... giving them the flexibility to navigate volatility and seize opportunities." He said the resources sector remains one of the most inefficiently priced markets, presenting significant opportunities for investors who understand its nuances. "By applying ...

MSC Trustees names general manager

ELIZABETH FRY  |  MONDAY, 2 DEC 2024
... Morpeth joins MSC following previous roles with Guardian Trust, BNP Paribas, Moody's Investor Service, HUB24, OIG and most recently MUFG. MSC Group managing director, Matthew Fletcher, welcomed the appointment: "We are wrapped to appoint Chris Morpeth ...