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Deloitte hires from OneVue

ELIZA BAVIN  |  MONDAY, 9 DEC 2019
Deloitte has named a new director of superannuation operational risk advisory, nabbing a C-suite level executive from OneVue. Melissa Gomes was previously the chief operating officer of OneVue's Super Services business where she oversaw the firm's acquisition ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
"Oh the weather outside is frightful..." While a "phase one" deal between the US and China appears to be close (again), it's still prudent not to write-off the possibility of a re-escalation in the tariff wars given Trump's recent targeting ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
JPMorgan's former head of equity, capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
New research from the Responsible Investment Association Australasia (RIAA) has revealed Australian superannuation funds that engage in responsible investing are outperforming their peers. The report looked at one, three and five-year time frames and ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... rally that happened since then," Rainmaker executive director of research and compliance Alex Dunnin said. "These results show us yet again that superannuation has this uncanny knack of surprising on the upside." Why the stellar returns? MySuper index's ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... factoring in the persistent uncertainty surrounding Trump's trade war with the world. My back of the envelope calculations show that the Australian economy needs to grow by a bit over 0.8% over the next three quarters in order to meet the RBA's ...

FASEA under pressure on managed accounts

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
... He also suggested that some have concerns about conflicts that don't actually exist. "What we're trying to do is show what is an actual conflict. The standard relates to actual conflicts. I think a lot of what gets discussed is potential conflicts," ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
... an active manager but it's not particularly easy if you have an internal team running the money," he said. APRA statistics show that in the 12 months to September 2019 the number of APRA-regulated RSE licensees fell from 126 to 114. "Some of the funds ...

Boomers show healthy ESG appetite

ALLY SELBY  |  TUESDAY, 3 DEC 2019
Environmental, social and governance (ESG) investing is well and truly on the radar for savvy millennials, but new research has revealed it could also be the secret ingredient to tempting Baby Boomers into engaging with their super. The research, coming ...