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Russell Investments chief executive announces departure

CASSANDRA BALDINI  |  FRIDAY, 5 AUG 2022
... investors. On behalf of the entire board, we thank Michelle for her numerous contributions and wish her continued success in her next chapter," he said.." Russell Investments also announced that it has appointed global chief investment officer Kate El-Hillow ...

Initial review of RIC strategies underway

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... of advice and product suitability." Cole also commented on the upcoming Your Future, Your Super performance test and the next iteration of the heatmaps. On the funds that stand to fail the test for a second time this year, Cole said APRA has been in ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... reviewing submissions to a consultation that closed in April on responding to stressors that threaten a fund's viability. Next steps will be communicated later this year while a new consultation on contingency planning will soon be announced. The regulator ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... the Your Future, Your Super laws, the FSC expects findings to form a significant component of super policy agenda over the next six months. Further, the FSC said: "It's expected that the review will allow for consultation of an initial issues paper ...

TIP Group appoints chief strategy officer

CASSANDRA BALDINI  |  MONDAY, 1 AUG 2022
... make a difference." "As an Australian, I am excited that Rachel has decided to stay in this country to contribute to the next generation of business leaders while as the chief executive of TIP Group I am ecstatic to have secured a woman of her calibre ...

AUSIEX chief executive retires

CHLOE WALKER  |  FRIDAY, 29 JUL 2022
... achievements in growing fintech businesses. "His commercial insight, vision and a strong track record positions AUSIEX well for its next phase of growth. "Patrick has been part of the NRI acquisition of AUSIEX from the beginning and lead the implementation ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... stating that policy would be set on a meeting-by-meeting basis rather than offer any explicit guidance on the size of the next rate move," Miller said. "Powell said that he did not believe the economy was in recession, citing a 'very strong labour market' ...

Treasurer responds to dour inflation, growth

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... tougher before it starts to ease. Government forecasts expect inflation to peak towards the end of the year, before moderating next year. While attributing the inflation in the economy to primarily global factors, he announced the government is very ...

Equities challenged but opportunities are there

CHLOE WALKER  |  THURSDAY, 28 JUL 2022
... said. "Secondly, we are looking for earnings estimates to come down. It is clear this will happen this quarter, and also next quarter. We believe it will be hard for the market to look through the challenging earnings estimates without having some comfort ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... this year," the IMF said. Moreover, it forecast that growth will slow from last year's 6.1% to 3.2% this year and 2.9% next year. This is indicative of 0.4% and 0.7% respective downgrades from April. "The resulting synchronised monetary tightening ...