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Ken Marshman departs JANA

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2019
... stable and successful operating structure under management ownership, JANA said Marshman now believes it is time for the next generation of decision makers to make their mark on the business. "Ken Marshman has left an enormous legacy at JANA, being with ...

Industry super fund appoints new chair

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Catholic Superannuation, a fund with a proud 38-year track record of delivering strong returns to our members." He added the next few years will be challenging, not just for the fund but for the superannuation sector generally, given the changes taking ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... This is more or less the mandate targeted by every other major central bank around the world, including New Zealand's next door neighbour, Australia. But while the Reserve Bank of Australia (RBA) sees, rightly or erroneously, the economic glass half-full ...

SMSF wind-ups spike: ATO

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... further to fall, with Shorte predicting a Labor Government to impact the sector. "I expect the level of wind-ups to spike next year if Labor bring in their proposed changes to franking credits and contribution rules but then it will settle back to the ...

UBS co-head of equities departs

KANIKA SOOD  |  WEDNESDAY, 8 MAY 2019
... Zealand before starting as co-head of the capability in 2015. He will spend time with his family before embarking on his next adventure, according to a memo sent to staff by UBS country head Matthew Grounds and APAC head of equities Taichi Takahashi. ...

Should super funds segregate pension assets?

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
With 2.8 million super accounts slated to enter pension phase over the next decade, is it time superannuation funds follow QSuper's lead and start segregating their pension assets? That's a question a new research paper by Parametric managing ...

Life insurers prioritise customer service over tech

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... 50 leaders canvassed said they will measure their success via customer satisfaction and customer-retention metrics. Their next key priorities are improving technology and differentiating products. Insurers are now listening to customers and aim to meet ...

Social infra to become core investment

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... but de Vos is of the belief it is rapidly becoming mainstream. He said this is because of the investment required over the next two decades because of population demographic shifts. In fact, de Vos said social infrastructure may soon be considered a ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... through 2019 and into 2020. We expect system housing credit growth to slow t 2% in the current bank year and fall further next year to 2.5%. That would imply a total credit growth slowing to 3% this year and 2.8% next year," Hartzer said.

ESG enthusiasm booms post-Royal Commission

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... their personal values." The Perennial survey identified key areas of focus to improve sustainability and ESG practices in the next 12-18 months are diversity, with 81% of respondents concerned about this, and safety, with 59% of respondents concerned. ...