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Dealer group chief departs

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 NOV 2020
... whom I have been humbled by their dedication, loyalty and drive in creating a high-performance culture. "I bid everyone close to me an enormous & heart-felt thank you. I am proud to have achieved a stable and admired brand, a sought after and reputable ...

Chief economist update: Letter V going viral in Australia

BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
"Said the night wind to the little lamb, Do you see what I see?" The letter V is going viral in Australia (pardon the pun). It was most recently seen in the NAB Business Survey for October, underscored by the sharp rebound in business confidence and ...

Chief economist update: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
It's beginning to look a lot like Christmas. Encouraging test results for a COVID-19 vaccine developed by Pfizer and BioNTech sent world equity markets from New York to Rio and ol' London town on the up and up and up. Pfizer and BioNTech are ...

Pension funds told to practice what they preach

JAMIE WILLIAMSON  |  TUESDAY, 10 NOV 2020
Close to half of all Dutch pension funds are failing to align their portfolios with their sustainable investment policies, according to the latest annual benchmarking report from the Association of Investors for Sustainable Development. The Association ...

State Super scholarship opens

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... superannuation? Is the proposed framework innovative and original? Will the research produce significant new knowledge? Applications close 31 December 2020 and will be awarded 31 January 2021.

MIRA set to acquire REIT

KARREN VERGARA  |  MONDAY, 9 NOV 2020
Macquarie Infrastructure and Real Assets (MIRA) is proposing to acquire a real estate investment trust valued at $300 million. MIRA is offering to take over Vitalharvest Freehold Trust (VTH) for a cash consideration of $1 per share by way of a trust ...

Off-platform assets consume advisers' time

KARREN VERGARA  |  MONDAY, 9 NOV 2020
Off-platform assets are increasingly taking up more of financial advisers' time as many express frustration with the lack of solutions available that can house all of their clients' assets. According to joint research by Praemium and Investment Trends ...

New chief for global fund manager

KARREN VERGARA  |  FRIDAY, 6 NOV 2020
A US$354 billion global investment manager has named its new chief executive and chair, who assumed the post this month. Mike Freno took over from Tom Finke at Barings, who has served in this role since 2016 and led the institution through its integration. ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... 3.3 million Australians have taken over $34 billion out of their retirement savings through the ERS scheme which is set to close at the end of the year. The ATO said that while offices will be closed from midday 24 December 2020, to start of business ...

Bendigo closes SmartOptions Super

KARREN VERGARA  |  THURSDAY, 5 NOV 2020
Bendigo and Adelaide Bank has closed its SmartOptions product due to a lack of demand. Bendigo SmartOptions Super (formerly Bendigo Super Plan), which closed on September 26, was established more than 20 years ago. It closed to new members from July ...