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Nicholas Moore to retire from Macquarie Group

HARRISON WORLEY  |  THURSDAY, 26 JUL 2018
... Commission, and confirmed the bank would continue to respond to the inquiry, which launches into its fifth round of public hearings next month. Wikramanayake also confirmed a final decision on who replaces her as the head of Macquarie's asset management ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... leader Craig Cummins as he opened the Financial Services Council Summit in Melbourne this morning. Setting the tone for the next two days, Cummins said while financial adviser groups and distributors are important, the superannuation industry must put ...

Industry fund grows advice access

HARRISON WORLEY  |  WEDNESDAY, 25 JUL 2018
... added it would like to "meaningfully increase" the number of members accessing its telephone and face-to-face advice in the next 12 months. Media Super said new site is fully compatible with mobile devices and complements advice some members already ...

Super under microscope at Royal Commission

DARREN SNYDER  |  MONDAY, 23 JUL 2018
... more than $330 billion or about 48% of the sector; while a single government fund accounts for about $80 billion or 30%. The next round of the Royal Commission, beginning August 6, will focus on superannuation fund governance; the relationship between ...

Sunsuper appoints former AustralianSuper executive

KANIKA SOOD  |  MONDAY, 23 JUL 2018
... board," Fraser said. The appointment comes at a time when Sunsuper is set to merge with the $2.5 billion AustSafe Super early next year, creating a $58 billion super fund with 1.4 million members. Also in March, Sunsuper finalised its merger with Melbourne-based ...

Former PIMCO chief boosts Aussie fintech

JAMIE WILLIAMSON  |  MONDAY, 23 JUL 2018
... also a venture partner at Sway Ventures and a limited partner advisor at Nyca Partners. He will assist the start-up with its next phase of growth, with Jacobi founder and chief executive Tony Mackenzie saying the appointment of Hodge brings an unparalleled ...

Chief economist update: No sweat says BOC on Trump tariffs

BENJAMIN ONG  |  MONDAY, 23 JUL 2018
... of Canada (BOC) can thank its lucky stars there's no Trump to "guide" its policy decisions and more importantly, its next-door neighbour's trade protectionism has had only limited impact on the domestic economy (so far). The Canadian central ...

Macrovue appoints ANZ Wealth executive

KANIKA SOOD  |  FRIDAY, 20 JUL 2018
... appointed a chief marketing officer from ANZ Wealth, and is expected to make more hires in its sales and marketing teams over the next sixth months. Macrovue's new chief marketing officer is Scott Spencer. He has worked in senior marketing roles ...

Industry fund replaces asset consultant

JAMIE WILLIAMSON  |  FRIDAY, 20 JUL 2018
... board." Cantor added the super fund appreciates the work of Willis Towers Watson over the last five years. "As we move into the next stage of the market cycle, we now look forward to working with Frontier to lift the fund's risk-adjusted performance ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... measure of employment provides a confusing picture of the true state of the labour market. It could be one month, down the next or up over the past two or three months and down the next, or vice-versa. A more accurate picture of the state of the Australian ...