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Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
... conference as he declared the battle with the second wave of infections "mission accomplished". It may not be as tough as the next waves our American (third wave) and European (second wave) brethren currently face, but it was still a threatening challenge. ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November ...

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
... better, both the manufacturing and services sectors are optimistic over the outlook for business activity in 2021, giving the next occupant of the White House a better starting point. The letter W. The IHS/Markit flash Eurozone PMI for October confirmed ...

Daniel Crennan resigns

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... review will take some time." In light of this, Crennan said he had decided to resign, claiming that he had intended to retire next year anyway. "I had been intending to retire from my position in July 2021. However, in the current circumstances, I have ...

Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... asset-rich clients who can afford upfront fees," Peker said. More than $3 trillion of wealth is expected to be transferred to the next generation in the next 10 to 20 years and advisers are not guaranteed to retain the client. The challenge for advisers ...

Worst investment ideas revealed: ARK

ELIZABETH MCARTHUR  |  THURSDAY, 22 OCT 2020
... is at risk in the public equity markets across the retail categories with heavy real estate footprints, as shown below." Next on the list of bad ideas was linear TV, which refers to real-time traditional programming. This industry has been disrupted ...

Future Fund posts modest growth

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... end of 2019 and the impact of market disruption in March and April. "This will continue to affect one year returns in the next quarter. Looking forward sustaining asset prices at current levels will be dependent on ongoing monetary and fiscal support," ...

Global firm hires local distribution head

JAMIE WILLIAMSON  |  TUESDAY, 20 OCT 2020
... stewardship services. Their collective skillsets and knowledge of the client landscape across Asia Pacific will be key to this next stage of growth for the company." Federated Hermes was formed in 2018 through the merger of Hermes Investment Management ...

Super fund chief to retire

JAMIE WILLIAMSON  |  MONDAY, 19 OCT 2020
... retire. Bill McRobert will depart as chief executive of the Meat Industry Employees' Superannuation Fund (MIESF) in March of next year. The decision brings to an end 13 years of leadership for McRobert, who took over in November 2007. MIESF chair Chris ...

ASX200 advance climate targets

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... common scenario being a 1.5 degree pathway. A further 28 are completing the scenario analysis or have it planned for the next financial year. The research benchmarks all corporate disclosures filed up to 31 March 2020 and has been released as companies ...