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Lakehouse Capital hires head of distribution

ELIZABETH MCARTHUR  |  THURSDAY, 5 MAR 2020
... am delighted to have attracted two experienced distribution specialists, who together with the existing team can lead the next stage of our evolution and growth," Magyer said.

Baird exits NAB

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
... being considered will be strong foundations for NAB's future," Baird said. "I have an open mind about what I will do next and will use the time to determine where I believe I can make the best, most fulfilling contribution to business and the wider ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... sleep over contemplating the potency of future central bank policy actions, given their sharply reduced firepower, when the next threat to the global economy comes. The coronavirus outbreak has brought that day upon us. Central banks (and government ...

RBA expected to cut again; maybe even tomorrow

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... significantly to education and hard commodities and could drive a second negative quarter of growth in Australia," Oliver said. "The next move is likely to be a cut in either March or April. I don't have a strong view which one it is and it's not a big ...

Challenger recruits Generation Life co-chiefs

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... report to Angela Murphy, Challenger's chief executive of distribution, product and marketing, and are expected to start next month. Challenger declined to comment on the appointment. Challenger is the leading annuities provider in Australia, but ...

Why Phillip Morris gets ESG points

ELIZABETH MCARTHUR  |  FRIDAY, 28 FEB 2020
... millions of smokers have switched to the product. "A lot of competitors are getting into an arms race to invest in their next-gen product," she said. "If you take the view that you can't invest in tobacco, which is the paradigm. The thing is if these ...

ETF popularity soars 52%

ALLY SELBY  |  FRIDAY, 28 FEB 2020
... expects the sector to continue on this trajectory. "It's likely we will continue seeing the same growth in ETFs over the next 10 years," she said. There are now 213 ETFs in Australia, with products spanning a wide range of equities, fixed interest ...

Life commissions, referral fees still kosher: AFA

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... would not be able to approve a special grant for anyone in your electorate or any electorate you are aiming to target at the next election," Anderson said. "I don't think the term pork-barrelling started in the financial advice sector." He argued complete ...

Climate threat pushes Aussies to sustainability

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... time in its 15-year history, climate change topped the list of potential threats to the country's vital interests in the next 10 years," Cerulli said. "Among those polled, 64% viewed climate change as a critical threat, while 81% aged 18-29 years ...

New ETF for ASX All Tech Index

KANIKA SOOD  |  TUESDAY, 25 FEB 2020
Investors looking to ride the freshly-minted S&P/ASX All Tech Index will have access to a new ETF from BetaShares next week, but the fees are not cheap. The BetaShares S&P/ASX Australian Technology ETF (ATEC) is expected to list on March 5 investing ...