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MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
... OnePath/IOOF. "I'm delighted to welcome Angela, Jason, Kirsten and Arthur to our team. We are keen to hit the ground running next year as we build on our partnership credentials," Downey said. "They are all highly experienced insurance industry professionals ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... down adopting the remuneration report, marking the first strike. Should 25% or more shareholders protest the pay package next year, Westpac will face a board spill. The remuneration report included chief executive Peter King's package of $2.4 million ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... continues to be central to engagement between the agencies. APRA and ASIC stated that they will continue to collaborate over the next 12 months, working together to deliver coordinated and efficient regulatory outcomes and to support the ongoing safety ...

Knight Frank releases 2022 outlook

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... released its Outlook 2022 Report, which looks at its predictions and major themes driving the Australian property market next year. The report covers everything from the industrial, commercial, office and residential markets, as well as capital markets ...

Kelly Partners acquires Canberra firm

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... acquire an accounting and financial planning business located in Northern Beaches, NSW. Following completion on February 1 next year, the accounting team of the acquired business will relocate to the company's existing Northern Beaches office. Meanwhile ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... increments each year until it reaches 12% by 2025. Hume said the government would not unpick the legislated increase if re-elected next year or allow a portion to be taken as wages instead. Hume and Jones both acknowledged the need to end the "tinkering" ...

Super fund appoints new insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Having had separate insurance arrangements to date, next year will see Equip and Catholic Super adopt the same insurer - putting an end to some longstanding arrangements. Effective 1 July 2022, members of Equip and Catholic Super will be covered by ...

Foreign investment in Australian commercial property hits record high

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... Coster said. "International capital is expected to play a continued strong role in the commercial property investment market next year, with Australia being viewed as an attractive proposition given the available returns and the relative strength of ...

CFS extends SimCorp partnership

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... out of the market," Morgan said. CFS chief distribution officer Bryce Quirk recently told Financial Standard that over the next four years the money will be used to transform the business to remain competitive. A large portion of it will be dedicated ...

Challenger taps Hamilton for top job

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... extensive global recruitment process which ultimately concluded Hamilton has the expertise to drive Challenger through its next growth phase. "In Nick, we have an outstanding candidate, with a proven track record of leading and growing high performing ...