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ASFA adds board members

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
... the passing of a special resolution. They will serve on the board for an interim period until ASFA's annual general meeting next year. Four directors were recently re-elected to the board: Debby Blakey (HESTA chief executive) and Leeanne Turner (MTAA ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... 14% in the month of October while imports of capital goods rose by 8% and "intermediate and other goods" went up by 6.0%. Next stop services exports. Reports that an effective vaccine is nigh - perhaps even before we start the 12 days of Christmas countdown ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... informed by those groups, he added. "The intention is to establish that permanently, constituted with a board by the middle of next year to deliver the work of that roadmap, to start deliver a working group around taxonomy, guidance on [Task Force on ...

Dealer group chief executive departs

ELIZABETH MCARTHUR  |  TUESDAY, 24 NOV 2020
... worthwhile and I've been fortunate to make some amazing friends both within IOOF and across the industry." Revealing the next phase of its Advice 2.0 strategy in September, IOOF has restructured its advice licensees into two core businesses, appointing ...

T. Rowe Price launches entity, restructures

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... it said. In building out the research platforms, T. Rowe Price has flagged its intention to make additional hires over the next year. It also promoted a number of employees who will work alongside Jackson under TRPIM. Jackson has been with T. Rowe Price ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... new members join as a result of poor performance. Howes said she is confident that BT's products will be "white" in the next iteration of the heatmaps, which will be released in mid-December. Rainmaker executive director of research Alex Dunnin commented ...

AFCA pivots to member experience

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... members receiving a complaint against them. AFCA acting chief ombudsman and chief executive Justin Untersteiner said over the next two years it will make a "conscious and deliberate effort" to improve member experience. "We are also seeing an increasing ...

Aussie dividends lag on global stage

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... and the severity and duration of any further lockdowns. As a rough guide, we estimate a worst case for dividends to be flat next year on an underlying basis, but we believe they could rebound by 12% in our best-case scenario." Excluding Australia, dividends ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... "The Retirement Income Review was supposed to provide certainty, instead the Australian people are left wondering whether next year's superannuation increase to 12%, promised to them and enshrined in law will be stripped away by this government," ACTU ...

Cbus appoints new technology chief

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... all these key areas and I welcome her to the Executive leadership team of Cbus." Robinson will join the fund in mid-January next year. "I am excited to join Cbus, one of Australia's leading superfunds and well known for its passion to deliver the best ...