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Chief economist update: A tale of two quarters
BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... worst of times ... it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way..." -- 'A Tale of Two Cities' A little tinkering with the first ...
AFCA sees 14% rise in complaints
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... lodged more than 80,000 complaints in the last 12 months, with AFCA securing $258.6 million in compensation and refunds direct to consumers. People made 80,546 complaints to AFCA between 1 July 2019 and 30 June 2020, marking a 13.7% increase in monthly ...
Cbus brings digital assets in-house
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... bring everything together and the next phase of that is to bring our assisted channels, like our contact center, into direct control as well."
Bank hires new wealth chief
ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
... the competitiveness of the bank through faster decision making, greater digital capability and ability to address the direct expense base. "The changes do not signal any shifts of intent regarding the role of the bank which remains core to the group," ...
Industry super pours $19.5bn into Australian recovery
ALLY SELBY  |  TUESDAY, 30 JUN 2020
... also found that industry super funds were investing across multiple sectors, including aged care, affordable housing, and direct lending to business and agriculture. The survey has also revealed the funds are venturing into new investment opportunities ...
Trust in advisers wanes
JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... as to where and how they will seek advice. Further, 40% of investors believe professional standards will improve as a direct result of the Royal Commission. "With interest rates at low or negative levels in many places in the world, finding new opportunities ...
Chief economist update: Extraordinarily uncertain outlook
BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... policy action across the government, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This direct support is making a critical difference not just in helping families and businesses in a time of need, but also in limiting ...
Rest names chief investment officer
JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... him on the enormous contribution has has made to the fund. "He established SIM and has managed a proportion of Rest's direct investments into property, infrastructure and project finance debt as well as multiple other asset classes. These assets have ...
Super fund names head of portfolio design
ELIZA BAVIN  |  THURSDAY, 25 JUN 2020
... Sonya Sawtell-Rickson said the appointment was a crucial step in the fund's push to build new teams and capabilities for direct management of a growing, significant pool of assets. "Our new investment leadership team structure is part of our ambitious ...
Crypto investment opportunities outright scams: ASIC
ALLY SELBY  |  THURSDAY, 25 JUN 2020
... schemes displaying fake celebrity or government endorsements, as well as any offers on romance or dating sites that may direct someone to send them money or invest in cryptocurrencies or forex trading. It comes as the ACCC releases its Targeting Scams ...
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