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What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

Sue Brake joins NZ Super, Lisa Gray departs VFMC

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Two of Australia's former top executives at the forefront of change have become highly influential figures on sovereign wealth fund boards. Sue Brake, former Future Fund investment chief and adviser to Singapore's central bank has chosen a second ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... "We are considering the matters raised and will continue to co-operate and work constructively with ASIC," the statement read. "Protecting our customers from scammers remains our top priority. We continue to make significant investments in our fraud ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Australian Financial Complaints Authority (AFCA) has announced the completion of a three-year program responding to the 2021 Independent Review of its operations. AFCA said the work had redefined its approach to external dispute resolution. The ...

ANZ chief to retire, external successor named

MATTHEW WAI  |  MONDAY, 9 DEC 2024
Following an extensive search, ANZ has appointed a new leader as chief executive Shayne Elliot prepares to retire. ANZ said it assessed a range of external and internal candidates, with the board "spoilt for choice" in the process, ANZ chair Paul O'Sullivan ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... "Something is very wrong when the perpetrators of economic abuse receive their victim's superannuation earnings," the report read, noting that in essence, perpetrators in no way should financially benefit from the death of victim-survivors. It went ...

HESTA names general manager of retirement

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
HESTA has named a general manager of retirement as 14% of its members get ready to retire in the next five years. Shannon O'Shea has been appointed to the role. She was previously general manager, new business and growth enablement, a position she ...

New investment fund to drive gender equality

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
Future Generation has launched a first-of-its-kind investment fund, dubbed Future Generation Women, investing in companies with prominent gender-diverse leadership, equitable pay, and policies that support the advancement of women. Minderoo has committed ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... restrictive till 'mid-2025' will not let the economy escape this deep downturn." IG market analyst Tony Sycamore said the soft GDP read reflects the RBA's restrictive policy settings. "The RBA's latest forecasts from the November Statement of Monetary ...

Self-regulation on the cards: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
The financial advice industry has finally earned "profession" status and has the potential to self-regulate in the near future, according to Financial Advice Association Australia (FAAA) chair David Sharpe. In six years' time, Sharp believes the advice ...