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Ian Macoun sells $83m of Pinnacle shares

KANIKA SOOD  |  TUESDAY, 9 FEB 2021
Pinnacle's Ian Macoun sold $83 million worth of PNI shares yesterday, as the stock headed towards an all-time high after a strong first half result. Macoun's sale of PNI shares constituted 4.8% of the total stock on issue. The nine-million share ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...

Sydney firm launches new venture capital fund

KANIKA SOOD  |  MONDAY, 8 FEB 2021
... seek to partner and co invest with many more generalised VC funds both in Australia and overseas." The new fund will pay close attention to healthcare innovations in fields such as artificial intelligence, augmented reality/virtual reality, large scale ...

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
APRA has revealed the final figures representing the impact of the government's early release of super scheme which saw 3.5 million Australians dip into their retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation ...

Centrepoint to roll out advice tech

ANNABELLE DICKSON  |  MONDAY, 8 FEB 2021
Centrepoint Alliance has formed an agreement with UK-based financial advice technology provider Intelliflo to distribute the service across the Australian market. The ASX-listed advice group's adviser network will be some of the first in Australia to ...

Industry fund promotes for GM role

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
... government insurer after leaving ANZ Wealth where he was head of service and operations, global pensions and investments for close to six years. In confirming Madden's promotion, Daly also acknowledged Varcoe's work with the super fund. "Kieran made ...

Aware expands affordable housing portfolio

KARREN VERGARA  |  FRIDAY, 5 FEB 2021
... billion superannuation fund will construct 300 affordable housing units and 8750 square metres of office and retail space close to Liverpool Hospital. The development, which has an estimated value of $300 million, will cater to housing essential workers ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... Policy Report suggests it will. "The MPC's projections are conditioned on the market path for interest rates, which is close to zero over the forecast period (Table 1.A)." Table 1.A shows the BOE's growth, inflation and unemployment rate projections ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
The Australian Securities Exchange is experiencing more technical problems following a glitch that resulted in halted trading on ASX Trade in November. The ASX has notified investors and market participants of delays in market announcements, with the ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
Online searches for 'financial advice' by Australians increased by 18% last year to 14,800 in average monthly searches compared to 2019, according to Allan Gray research on search and engagement trends. Average monthly searches for 'financial advice' ...