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Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... efficient, streamlined business with reduced operational risk. "Ironically, it is because of these improvements that we are now able to transition to a leaner leadership structure. We greatly appreciate Brett's impact." Jollie added: "I am grateful ...

Productivity Commission identifies priority reform areas

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... quality care more efficiently; and investing in cheaper, cleaner energy and the net zero transformation. The PC said it is now seeking input on the reform areas to inform the draft recommendations in its interim reports. "Boosting productivity is the ...

RBA cut expected, but then what?

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... macroeconomic picture will continue to dominate, and the events of the past month have reminded us that the environment that we are in now, geopolitical risk and policy risk is a key feature," Hennessy said. "Coming into this, it looked as if the US ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
A former financial adviser now residing in New Zealand lost a bid to stop her from being extradited to Australia to face 136 charges related to the alleged theft of clients' retirement savings. Marion Joan Pearson, formerly based in Perth, is accused ...

Inside Colonial First State's fund manager selection overhaul

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... previously had managers who invested in narrow parts of the market and didn't use the full opportunity set available, he said. Now, it has more managers who assess the market in its totality, at least from a risk management perspective, and are more ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... strategies to manage the new tax effectively." Meanwhile, Heffron managing director Meg Heffron said while for some a "don't act now" approach would be the best course of action - there is one group of SMSF members facing a difficult choice. "Division ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... company said that the reporting issues identified in ASIC's proceedings have since been remediated, with additional controls now in place. "Macquarie Securities is reviewing ASIC's claim. As the matter is before the court, it would be inappropriate ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
... million. "We've made that clear that we haven't changed our policy. We announced that policy more than two years ago now. We consulted on it. It is a policy that affects half a percent of people with balances above $3 million," Chalmers said. ...

Bain Capital backs out of Insignia takeover race

MATTHEW WAI  |  WEDNESDAY, 14 MAY 2025
With the exit of Bain Capital, it leaves one potential buyer left in the takeover talks that have now spanned more than six months. In an ASX announcement this morning, Insignia Financial confirmed that Bain Capital is "unable to proceed" with a binding ...

Future Fund makes leadership appointments

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... she was a senior associate. "These changes reflect the growth and maturity of our organisation. I am confident that we are now strongly placed to execute our strategy, achieve our mandates and deliver on our all-important purpose, which is to invest ...