Annabelle Dickson
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APRA names and shames underperforming super funds

The Australian Prudential Regulation Authority (APRA) will be looking for significant change from poorly performing superannuation funds, following the release of its MySuper heatmap. APRA’s heatmap of over a hundred MySuper products has outlined the worst performing funds but not…

People: UBS global trading head moves to BTIG

Investment bank BTIG Australia has appointed Andrew Dalgleish as chief executive officer. He joins from UBS where he has been for the last 13 years in a variety of senior roles. Dalgleish was most recently global head of portfolio trading…

ETF investors getting active

Investor preference is changing towards active exchange traded funds (ETFs) according to a new study. The latest Betashares/Investment Trends ETF Report found that 32 per cent of investors intend on investing in active ETFs in the next 12 months, up…

Register to avert elder financial abuse

Federal and state governments have established power of attorney reforms as a further step to prevent financial elder abuse. The Council of Attorneys General has agreed to implement a mandatory national online register of enduring power of attorney documents and…

People: HUB24 puts a lawyer on the board

HUB24 has appointed Ruth Stringer as a non-executive director and a member of its audit, risk and compliance committee. Stringer is currently a consultant at Herbert Smith Freehills and prior to that was a senior analyst and specialist in superannuation…

People: King puts retirement on hold to lead Westpac out of crisis

Westpac chief financial officer (CFO) Peter King will step in as chief executive after the ignominious exit of Brian Hartzer. King has been with Westpac for over 15 years and has been CFO since 2014. Earlier this year he announced…

Gaps appear in the Retirement Income Review

The Retirement Income Review panel appears unlikely to address whether the value of the family home should be included in the means test for the Age Pension. Nor is it clear that it will address the hotly debated issue of…

MySuper heatmap to be extended to Choice products

The prudential regulator’s announcement of a superannuation performance heatmap is causing a stir, especially the issue of its extension to Choice products. The Australian Prudential Regulation Authority (APRA) has confirmed its plans to publish a heatmap of over a hundred…

People: Nuveen appoints new MD

Global asset manager Nuveen has confirmed that Nick Evans will stay on as managing director of Nuveen Real Estate Asia Pacific. Evans was the interim managing director following the resignation of Chris Reilly in August. Evans joined in 2005 and…

Investors swear off margin loans

The global financial crisis continues to haunt investors and their advisers, resulting in the lowest level of margin loans in over a decade. The latest Reserve Bank of Australia data reveals that margin lending is at its lowest level since…