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Ian Silk to leave AustralianSuper

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
The chief executive of Australia's biggest superannuation fund AustralianSuper will step down before the end of the year. Having led the fund since its creation on 1 July 2006, Ian Silk is set to leave the super fund at the end of this year. Chief ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
... meaning negative and positive deviations of inflation from the target are equally undesirable. When the economy is operating close to the lower bound on nominal interest rates, it requires especially forceful or persistent monetary policy action to avoid ...

AMP Capital GEFI sold to Macquarie

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
AMP is selling AMP Capital's Global Equities and Fixed Income business to Macquarie, with the division valued at $185 million. Under the sale, the global equities and fixed income capabilities will be combined with Macquarie's public investments ...

Jameson Capital launches fund

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
The Melbourne based alternative asset management firm has secured funding from investors to launch a special situations real estate fund. Jameson received $25 million from two European cornerstone investors to launch the fund. The fund will invest into ...

Former AFA chief in new role

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
The former chief executive of the Association of Financial Advisers announced his next move, which involves leading another industry body. Phil Kewin will become the president of the National Insurance Brokers Association (NIBA) from August 16. Kewin ...

Carnegie launches second crypto fund

ELIZABETH MCARTHUR  |  MONDAY, 5 JUL 2021
... hesitations on crypto, they will come around in droves and take the same positions we have (but in much greater size) to close these price gaps," Carnegie said. "Until then, a combination of derivative strategies and liquidity provision affords us the ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
ASIC is consulting on how exchange-traded products investing in cryptoassets can meet existing regulatory expectations, with the regulator particularly interested in identifying suitable cryptoassets for such products and ensuring good practice in terms ...

EOFY tips for advisers

KARREN VERGARA  |  WEDNESDAY, 30 JUN 2021
... Financial advisers should keep in mind some valuable tax breaks for their businesses as the 2021 financial year comes to a close. H&R Block director of tax communications Mark Chapman told Financial Standard temporary full expensing (TLE) is one tax ...

ASIC disqualifies SMSF auditor

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
... ASIC found that Gordon Victor Shrubsole from Miranda, New South Wales lacked independence during the process of auditing a close family member's fund. Shrubsole was found to be deficient in planning audits and failed to obtain sufficient appropriate ...

Wilsons adds to board

ANNABELLE DICKSON  |  WEDNESDAY, 30 JUN 2021
The stockbroking and advisory firm appointed the former chief executive of Commonwealth Bank alongside Craigs Investment Partners head of private wealth and market to its board. Ralph Norris and Jeremy Williamson have been appointed as non-executive ...