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MAX Award winners crowned

JAMIE WILLIAMSON  |  FRIDAY, 11 JUN 2021
... while the Executive of the Year - Marketing title was taken by Praemium's Adele Welsh. QSuper's Lifetime Pension took home the award for Product Launch of the Year. Zurich's Goals for Good was named Community Initiative of the Year, while ...

PRI chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
... assets. It also grew from a staff of 37 to 170 under Reynolds' leadership. Reynolds said that being in London, away from her home country of Australia, during her time leading the PRI has been challenging on a personal level. "The COVID-19 pandemic has ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... business restrictions, US economic momentum has shifted another gear. Companies would need to offer wages above what staying at home drinking Budweiser and watching Netflix offer. They're doing just that. The BLS reports that: "Average hourly earnings ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... can afford to borrow are borrowing... to the hilt before rising house prices priced them out of the market. CoreLogic's home value index shows that the "five city capital aggregate" index increased by another 2.3% in the month of May (from April's ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ...

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... Financial Adviser Register shows that there are currently 2144 active AFSLs. This is compared to 2175 this time last year, then home to 22,307 advisers. Consultum Financial Planning, which is part of IOOF, saw a net addition of 188 advisers to the group ...

Lessons from GPIF: Mizuno

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
The former chief investment officer of the world's largest pension fund is imploring asset owners to take climate policy matters into their own hands if their governments are unwilling to do so. Speaking at the Morningstar Investment Conference, United ...

How noise impacts trading performance

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 JUN 2021
Did trading desks perform better or worse when they were forced to work from home last year? That is the question UNSW Business school researchers sought to answer. A study by UNSW Business School associate professors Elise Payzan-LeNestour and James ...

Rest hires from QSuper

KANIKA SOOD  |  MONDAY, 31 MAY 2021
... development, and change management. Singh-Pangly will join Rest in June and will work in both the Sydney office and from his home in northern New South Wales, as a part of the fund's flexible working arrangements. "Kulwant has a wealth of experience ...

Last day to vote in MAX Awards

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... Waterworth who was named distribution executive of the year and Legg Mason head of marketing Felicity Nicholson who took home the Executive of the Year - Marketing award. After going virtual in 2020, an in-person celebration of the MAX Awards is planned ...