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Tasmania remains best performing state: CommSec

ANNABELLE DICKSON  |  MONDAY, 25 OCT 2021
Tasmania has retained its status for the seventh consecutive quarter of having the best-performing economy in Australia, CommSec research shows. In the stockbroker's latest State of the States report, the ACT has retained is second place position ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
... on Planet Earth have lifted consumer demand and got factories humming to satisfy these demands. This would have been the start of a virtuous cycle where increased household spending are met and catered for by stronger factory production and by extension ...

IOOF to adopt new name, brand

JAMIE WILLIAMSON  |  THURSDAY, 21 OCT 2021
The 175-year-old wealth giant is set to rebrand in what chief executive Renato Mota calls an evolution, not a revolution. As part of its ongoing transformation and following a strategic review, IOOF will rebrand to Insignia Financial before the end ...

AMP reports mixed quarter

JAMIE WILLIAMSON  |  THURSDAY, 21 OCT 2021
... "We've progressed our transformation of wealth management enabling us to deliver superannuation fee reductions at the start of Q4 as we committed. We've also continued to invest in our North platform, which has again grown assets under management," ...

Ex-Pengana staff launch boutique

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... strategy invests in global publicly listed companies ranging small to large caps and is open to all investors. Management fees start at about 0.35% per annum while performance fees sit at 20% p.a. "We have long-term aims of beating the benchmark, doing ...

New mining head at Goldman Sachs

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
Goldman Sachs has a new head of metals and mining for Australia and New Zealand. Gavi Friedland steps into the role, an internal promotion from the firm's Melbourne office. He has been with Goldman Sachs since 2009, when he joined its Johannesburg office ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
The quality of Australia's superannuation system made marginal improvements and scored highly for its integrity and sustainability, according to a global study. The Mercer CFA Institute Global Pension Index this year graded Australia a B+, slightly ...

Greater diversity needed outside ASX 200: Analysis

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... and not positions of influence. "Research suggests that training in unconscious bias does not work, however awareness is a start," she said said. "The solution should involve companies embarking on internal development programmes to have women 'line ...

UBS names country head from BlackRock

ANNABELLE DICKSON  |  MONDAY, 18 OCT 2021
UBS Asset Management appointed BlackRock's chief operating officer as country head for Australia and New Zealand. Alison Telfer has been appointed to the role, effective January 2022. Along with being BlackRock's chief operating officer, Telfer was ...

Frontier wins NZ client

ANNABELLE DICKSON  |  MONDAY, 18 OCT 2021
... overseas clients to diversify its clientele as more superannuation funds merge, build in-house investing capabilities and start to work with multiple consultants on project basis instead of keeping just one on a fixed-term retainer.