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Mercer launches climate-transition tool

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... when constructing portfolios. Mercer global business leader for responsible investment Helga Birgden said many investors are not yet equipped to invest in a decarbonising economy, and some don't know where to start. "Our analytics and advice will help ...

ESG push not going anywhere

ELIZA BAVIN  |  FRIDAY, 13 NOV 2020
... dedicated individuals responsible for ESG. EY Asia Pacific wealth and asset management leader Elliott Shadforth said: "If not for the global pandemic, it's possible that 2020 would have been remembered as the year that ESG dominated headlines within ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... begin to lose confidence that it's safe to go out," Powell said. "We've said from the beginning that the economy will not fully recover until people are confident that it's safe to resume activities involving crowds of people." ECB president ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... the Banking Royal Commission, which eventually made three recommendations on the subject. What qualifies as "material" is not defined in the report, said Swinburne Law School senior lecturer Helen Bird. "It was a big step to go down the prescribed cap ...

FPA announces new specialist designation

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
... care advice is a specialist area of financial planning and requires specific skills and a commitment to ongoing training. "Not all financial planners will become aged care advice specialists, but all financial planners must be aware what aged care is ...

Evans Dixon thwarts Tony Pitt...for now

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... October 27 offer to acquire Evans Dixon for about 61 cents per share came with many conditions. One of them was Evans Dixon not go ahead with its options/rights plan, to be put to shareholders for approval at the November 11 meeting. The resolution passed ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... funds. Outlining its view of the reforms, AIST pointed out the need for all members to be protected from underperformance, not just new members. Under the reforms, underperforming funds would be barred from accepting new members until their performance ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... been provided, the committee found. University of Melbourne professor Allan Fels commented that conflicts of interest should not exist by prohibiting the big firms - Deloitte, EY, KPMG and PwC - from providing consulting work for firms they audit. "If ...

Millions of workers facing financial stress: AMP

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
... personal tolls on mental and physical wellbeing. "This is spilling into work with stressed employees worried and distracted, and not performing at the levels they're capable of, or they don't turn up at all," Anderson said. "The combined effect ...

Chief economist update: Oil could slip on fresh lockdowns

BENJAMIN ONG  |  THURSDAY, 12 NOV 2020
... against COVID-19 (thought to be around March). In the meantime, crude oil prices will continue to languish at current levels, if not lower. The second wave of coronavirus infections currently doing the rounds in Europe - and the subsequent re-imposition ...