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FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

J.P. Morgan names new APAC equity strategy head

ELIZABETH MCARTHUR  |  MONDAY, 7 DEC 2020
J.P. Morgan has confirmed the appointment of a new chief Asia Pacific equity strategist. Jason Steed will step into the role, based in Sydney. Steed has been with J.P. Morgan for more than a decade. Prior to this latest promotion, he led the Australian ...

Pinnacle executive director steps back

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
Pinnacle Investment Management's Adrian Whittingham is transitioning to a part-time role, with the view of becoming a non-executive director late next year. He requested the change to part-time, the firm said in ASX filings. He will continue to be a ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... that some funds use different models, whether they're fixed fees or capped fees or whatever the arrangements may be. Our view is that a variable fee is the best one to [use]," Bryant said. Commenting on the new changes, head of the Mercer Super Trust ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... and NSFR1. While Westpac's LCR and NSFR are comfortably above regulatory minimums, APRA's actions reflect how seriously we view breaches of our prudential requirements," APRA deputy chair John Lonsdale said. The objective is to obtain assurance that ...

CFA Societies adds board members, president

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
CFA Societies Australia has refreshed its boards in Sydney and Melbourne and has appointed a State Super executive as president. Charles Wu has been voted in as president of CFA Society Sydney after holding the position of vice president for over three ...

Aussies won't top-up ERS losses

ELIZABETH MCARTHUR  |  MONDAY, 30 NOV 2020
New research reveals that less than half of the Australians that withdrew their super this year plan to direct tax savings towards replacing it. Research from Colonial First State, which looked at a sample of 2000 Australians, found that 16% had withdrawn ...

AMP Capital drops fees on listed property fund

KANIKA SOOD  |  FRIDAY, 27 NOV 2020
... Murray and Emily Woodland announced their resignations in August. It said has since started to rebuild the ESG team with a view of extending its focus beyond equities and to other asset classes. It also pulled its four active ETFs from the ASX, after ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... sustainable finance markets. "Our goal and our vision can't be achieved without achieving each of those four pillars in our view," ASFI co-chair Simon O'Connor said. "These are complex, system-wide challenges we're trying to address, which can only be ...

US analysts fail to add value

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
... that analyst recommendations are less profitable in individualistic countries and in high sentiment periods supports the view that even market professionals are subject to behavioural biases that affect market outcomes," they said.