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We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... bridge, off the ramp, and we're on the road," Lowe said. Member for Curtin, Celia Hammond, asked the governor to identify the top three policy reforms the government should be focusing on, to which Lowe reminded her was not his place. "I am reluctant ...

Macquarie acquires US wealth manager

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... million plus excess net assets and enter into a long-term partnership. The second transaction will see Macquarie as one of LPL's top-tier strategic asset management partners and is expected to increase Macquarie Asset Management's AUM to over A$650 billion. ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... $3 million. Hostplus, meanwhile, had a $62 million holding in Santos as at 31 March 2020. Santos currently appears in the top 20 holdings of Equipsuper and used to appear in the top holdings of for CareSuper, LGS and Statewide in 2019 but not anymore ...

New fund to invest in AI companies

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
... pitching it to sophisticated and family office market, with minimum investment size set at $100,000 with $50,000 for subsequent top ups. "With innovative technologies, including AI, forecast to be worth AU$315 billion to the Australian economy by 2028 ...

HSBC wealth lead lands chief executive role

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
HSBC's global chief executive of wealth and personal banking has scored the top job at a major financial services group. Charlie Nunn will become the group chief executive and executive director of Lloyds Banking Group, overseeing brands such as ...

Aussies won't top-up ERS losses

ELIZABETH MCARTHUR  |  MONDAY, 30 NOV 2020
... at a sample of 2000 Australians, found that 16% had withdrawn their super early. However, only 6% expressed intentions to top up their super with the tax savings they will be benefiting from as part of the government's COVID-19 stimulus package. Super ...

LGBTI+ leaders list 2020 revealed

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... recognised. Director and co-founder of independent financial services firm Chimaera Capital, Rochelle Pattison made the list. On top of her career at Chimaera, Pattison is treasurer of Transgender Victoria and Carlton Pride. "I used to call ahead to ...

Aware Super cuts carbon emissions by 40%

ELIZABETH MCARTHUR  |  THURSDAY, 26 NOV 2020
... members not just today, but for decades to come," Aware chief investment officer Damian Graham said. "We know that globally the top 60 emitters are responsible for more than 50% of the greenhouse gas emissions of share market-listed companies. Removing ...

Serious financial crime drops significantly

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... government, law enforcement and industry partners, as well as the broader financial industry. Child exploitation remained the top priority for Fintel, however dropped from 29% last year to 22% this year. Tax and excise related fraud jumped from 6% to ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee ...