Annabelle Dickson
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Infrastructure’s defensive qualities tested

Infrastructure’s standing as a defensive asset class is in question after it was hammered last month, falling more than the overall sharemarket and most other assets. The S&P Global Infrastructure Index (AUD) fell 23.1 per cent in March and has…

Banking industry confirms credit reporting approach

The banking industry has implemented new changes to consumer credit reporting to give more relief to customers affected by the COVID-19 pandemic. The Australian Banking Association (ABA) has announced its member banks will not file a missed payment or hardship…

IAG chief executive steps down

IAG chief executive Peter Harmer has notified his intention to step down from his role at the end of 2020. He has been with the company since 2010 and in the role of chief executive for over five years. IAG’s…

Hybrid risks keep mounting up

Wealth manager Challenger has cancelled plans to launch new a hybrid security issue, which it was to have used to redeem its current issue of Challenger Capital Notes. It has pushed out repurchase of the outstanding hybrids by up to…

Beware the traps in the Government’s bankruptcy release

Businesses will get relief with changes to the bankruptcy laws but directors need to be aware that their duties remain in place and a business that is failing may not be saved by these changes. Directors who continue to trade…

Cashwerkz gains former UBS exec

Cashwerkz has appointed former UBS executive Jon Lechte to the position of chief executive officer. Lechte was previously a director and head of markets at FIIG Securities. Prior to that, he was head of fixed income for Asia and Japan…

Industry battles over early super release

The superannuation industry is deeply divided over whether the government’s decision to change the super early release rules is really in the interest of the super fund members. The measure allows Australians to apply via myGov for access of up…

NAB loses chief customer officer

NAB’s chief customer officer Anthony Healy has announced his departure after more than 10 years with the bank in Australia and New Zealand. Prior to his most recent role, Healy was chief executive of Bank of New Zealand for over…

Get property development right, ATO tells SMSFs

The tax office has stepped up its monitoring of property development arrangements involving self-managed super funds, saying it is concerned that such arrangements may be inappropriate. The ATO is paying particularly close attention to arrangements that involve limited recourse borrowing…

The fixed income strategies weathering the storm

Equities have not been the only markets to experience extreme volatility in recent weeks. There has been a flight to safety in fixed income markets, spreads on corporate debt have widened and liquidity has dried up in corporate and structured…