With cancer estimated to claim the lives of more than 47,753 Australians this year and costing the nation more than $4.8 billion per year in direct health system costs, TAL has decided to equip its financial advisers with the knowledge to better understand cancer and its effects through a new education course. Industry Moves speaks with TAL's GM for Health Services, Dr. Sally Phillips, and GM for Retail Distribution, Niall McConville, who tell us more about the desired outcomes of the course, how it came about and share some of the feedback from participants so far.
Queenland’s Palaszczuk Government has recently announced its second social impact investment initiative, the #YouthChoices Social Benefit Bond (SBB), which aims to reduce the current 80% recidivism rate for young offenders in the QLD region. The Bond, arranged by NAB, will fund a therapy program to be delivered by one of Australia’s largest social purpose organisations, Life Without Barriers. With investments due to close in just under two weeks, Industry Moves caught up with James Waddell, Director for NAB’s Capital Financing Product Group and Brad Swan, Executive Director, Strategy and Engagement at Life Without Barriers, to find out a little more.
Flexible working is at the top of priority lists for many job seekers these days, with 38% of respondents in a recent survey rating it more important than pay. But flexible working is often viewed by others as signalling a lack of commitment to the job or with an expectation that pay rates should be lower. Gemma Lloyd, co-founder of DCC Jobs, Australia's first, and only, job site that screens organisations around the policies they have in place for supporting women in the workplace, is doing her very best to change negative perceptions around flexibility and to ensure women have access to the workplaces of the future. We asked her some questions to find out more.
Digital disruption is a hot topic with many commentators suggesting that new technologies will soon over-shadow traditional methods. New research from Deloitte however finds fintech actually hasn't established itself as a significant player in the industry. Not yet, anyway.
Australian super funds could soon be required to hold Annual General Meetings (AGMs) if the government’s flagged changes to governance go through. AGMs are a thorny issue for the companies that hold them. Australian law currently requires that physical meetings are held, and that shareholders are individually notified. Research by Computershare found that one company spent nearly $1 million on its AGM, which would have been $5/per investor, but only 100 investors physically attended, driving the cost to nearly $10,000 per investor.
There’s a whole industry that has developed around providing advice for good “leadership”. It’s actually worth billions, this new industry. Someone who doesn’t care too much about the theory but who delivers, to the delight of thousands of Richmond football club supporters each week, is Brendon Gale.
This week Industry Moves attended an event hosted by the 30% Club and Xplore for Success, in partnership with venue sponsor PwC. An excellent panel of speakers, including world-leading researcher and author on men and masculinities, Dr Michael Kimmel, provided the audience (18% of which were male) with some thought-provoking insights into the issue of gender equality in the workplace.
Say the word 'networking' to a room full of people and it will evoke one of two emotions: excitement for a new opportunity or complete and utter terror. Doing the rounds at an industry event is no easy feat, especially if you're going it alone, so we asked some top industry networkers to share their tips to help turn those nervous mumblers amongst us into confident, networking gurus with a strong handshake and a pocket full of business cards.
Simran Gambhir, director of tech firm Ganemo Group, recently transferred his super into one of the new millennial-focused funds, and found it a remarkably easy and enlightening process. Disgruntled with the processes of his incumbent, long-established fund he reflects on the changing face of super and outlines some ideas for how the old guard could and should be preparing for the 'super-invaders'; before it's too late.
Conversation around the disruption of the super industry is not new, but over the last few months the subject has been hotting up as various new players in the boutique super fund space have been entering the market. Are they just a flash in the pan, or have they got what it takes to lure members away from the well-established super funds? Industry Moves asks David Atkin, CEO of $38 billion industry super fund, Cbus, and Joshua Wilson, CEO of newly-established millennial focused fund, GROW Super, to weigh in on the hot topic and share their thoughts on the benefits of both boutique and traditional funds.
In our second quarterly roundup for 2017, we bring you a comparison report of appointment data from the past four years, including the percentage of those appointments awarded to women.
Our snapshot drills down a little further and we find that while the number of female executive appointments is still under 30%, there appears to be a healthy increase in the number of female board appointments for the quarter.
This week Dan Farmer and Stanley Yeo took over the reins at IOOF, as chief investment officer and deputy chief investment officer, following the retirement of Steve Merlicek. They speak with Industry Moves about the greatest lessons learnt from their former boss – a good dose of humour never goes astray – and their plans for the next 12 months. We also discovered Dan's favourite lunch spot and how Stanley found out the hard way that “failure is the mother of success”.
Following "a life changing experience" at Oxford University, Giles Gunesekera was inspired to put his learnings to good use and create Global Impact Initiative (GII) , a program that brings much needed capital from the corporate sector into the non-profit space - a "beautiful intersection" of his worlds. Giles tells Industry Moves about some of his passion projects at GII, including an impact fund set up to support the empowerment of girls and women, and names the amazing people, in and out of the industry, that have influenced his life and career.
Last year, 14.9 million Australians donated to charities and non-profit organisations, totalling an impressive $12.5 billion in much-needed funds. With tax time just around the corner, and with 60% of Australian donors giving in the spur of the moment, we thought we’d lend a helping hand for our readers looking to make a last minute donation, and highlight some of the wonderful charities that our interviewees have shared with us so far this year.
This week ASIC provided a spotlight on shortcomings of the Australian funds management industry’s compliance framework, highlighting results that showed less than one third of 28 responsible entities, managing over $49 billion in managed investment schemes, had an adequate whistleblowing framework in place. Industry Moves caught up with an expert in the field, Robert Somerville, director of risk advisory at Deloitte , who spoke of Australia's maturing process around whistleblowing, the best way to protect a whistleblower's anonymity, and the importance of training to benefit both employees and organisations.
Last month, we spoke with Alisdair Barr about Grad Mentor, a mentoring program that matches 'top graduates' with financial planning firms, to support graduates' first steps in the industry. This week, we speak with a Macquarie University graduate and a senior adviser at the planning firm that 'took him on', to find out their views on engaging young professionals, the role of mentorship in the industry and what they each gained from being a part of the program.
Industry Moves is featuring a series of articles from Stone & Chalk chief technology officer, Simran Gambhir, on the topic of super fund disruption, with particular focus on the need to engage with millennials, the increase in ideology-based investments, and the impact of crowd-funding. In this week's piece, Simran suggests the industry is "ripe for Uberisation".
Some say I might be a little crazy, but I LOVE walking into a room full of people that I don’t know. Do you know why? Because I get to meet new people and I get such a buzz out of it. But what I love more is I get to find out and understand what makes other people tick. I bounce out of bed in the morning because I love connecting with and understanding the drivers of others.
Networking can be seen as a dirty word, but really it’s just about giving a little bit of yourself to another person and you, too, understanding a little bit more of another person - all in the search of a common connection. I think it can provide such a positive outcome to all involved.
Last night the Australian chapter of the 30% Club - a group of chairs, directors and business leaders taking action to increase gender diversity on Australian ASX listed boards - celebrated its second anniversary, hosted by Bloomberg, in the firm's sustainable office space at No.1 Bligh Street, Sydney.
Tony Golsby-Smith is passionate about encouraging people from all walks of life to think creatively, flexibly and collaboratively. He started his career as a school teacher and now leads strategic innovation firm, Second Road, working with some of Australia’s biggest companies. This week, he speaks to Industry Moves about the importance of engaging both sides of the brain, why we shouldn’t fear the automation of the human workforce and how the ‘Experience Economy’ is a game-changer.