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How women get ahead in financial services: Executive

EMMA RAPAPORT  |  FRIDAY, 10 MAR 2017
Profile: Siobhan Blewitt, Executive director, financial adviser, Morgan Stanley Wealth Management Even before Siobhan hit the trading floor, she was training herself for a career with the boys. Collecting glasses in the back of a Melbourne public bar ...

Fight for workplace equality and diversity far from over

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2017
... Stella Network. "People at the top have got to be able to provide opportunities and support people in growing into them. It's not about just waiting for people to step up, it's about helping to pull them up into that spot as well," Fox said. Fox said ...

Russell Investments and Netwealth strike platform deal

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2017
... business with us," Sivakumaran said. "It was clear that Netwealth is very focused on providing innovative technology and is not only keeping pace with the industry, but leading it." The 1500 individual investors being transitioned over have been made ...

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... cover when it does occur, and support to reduce the financial impact to members through payment of premiums for cover they may not be able to claim against," the discussion paper said. ISWG chairman Jim Minto said too many people have multiple superannuation ...

ASIC compensation skyrockets

KARREN VERGARA  |  THURSDAY, 9 MAR 2017
The amount of compensation for consumers and investors collected by ASIC in the second half of 2016 surged to $159.4 million, up from $13.4 million in the first half. The latest ASIC Enforcement Report shows 63 infringement notices were issued - $2.9 ...

ANZ shuts down broking business

ALEX BURKE  |  THURSDAY, 9 MAR 2017
... Share Investing platform following customer migration. ANZ said the financial impact of shutting down the existing business is not material to the group, adding that it will work with CMC Markets to "identify opportunities" for current ANZ Share Investing ...

Year of the Rooster deficit

BENJAMIN ONG  |  THURSDAY, 9 MAR 2017
China's trade balance went into a US$9.2 billion deficit in February from a surplus of US$51.4 billion in the previous month and a surplus of US$28.2 billion in the same month in 2016. This was the first monthly trade deficit recorded since February ...

Hunter Hall LIC board prepares for April fight

ALEX BURKE  |  WEDNESDAY, 8 MAR 2017
... our recommendation to reject WAM's proposal." Reiterating that WAM's proposal for an equal access buyback of HHV shares is "not in the interests of all shareholders," he once again questioned whether Wilson was actually preparing to participate in the ...

Women key to finance sector culture issues

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2017
... Women's Development Agency chair Kirsten Mander, added women seem to consistently miss out on development opportunities and it's not just about pay gaps and promotions. Mander added organisations should quantify measures on how it develops staff and ...

SSGA wields power on gender equality

ALEX BURKE  |  WEDNESDAY, 8 MAR 2017
... further $28 trillion would be added to annual global GDP by 2025. At this stage though, a quarter of Russell 3000 companies do not have any women on their boards, and almost 60% have below 15% female board representation. State Street itself has three ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI  |   12:01PM
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI  |   11:30AM
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI  |   12:13PM
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI  |   11:50AM
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
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