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Silk leaves challenges for AusSuper s new CEO

Silk leaves challenges for AusSuperâs new CEO Ian Silk leaves an impressive legacy after 15 years running AustralianSuper. But his successor Paul Schroder will have his work cut out dealing with tectonic changes in retirement incomes. Jul 13, 2021 â 12.17pm Save Share AustralianSuper chief executive Ian Silk is a hard act to follow given his achievements over the past 15 years as boss of the countryâs largest superannuation fund. His successor as CEO, former Finance Sector Union official Paul Schroder, who has been with AustralianSuper since 2007, faces a very different set of challenges to those that faced Silk. Ian Silk is a hard act to follow at AustralianSuper.Â

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Pandemic has created a new normal for Australia s economy, says former RBA board member

Advertisement Australia will likely find COVID-19 has a lingering effect on the economy and the sheer scale of stimulus means it will probably be a couple of years before itâs clear how much has changed, former Reserve Bank board member Heather Ridout said. âPeople are operating differently, companies are having to operate differently and itâs going to take a long time before supply chains get back to what they were before,â Ridout said in an interview with Bloomberg. âThere will be a new normal and I think worrying about pandemics and all of this will become part of the new normal.â

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Pandemic has created a new normal for Australia s economy, says former RBA board member

Pandemic has created a new normal for Australia s economy, says former RBA board member
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Tech and innovation must be at the heart of the COVID-19 recovery

Tech and innovation must be at the heart of the COVID-19 recovery We must shrug off our historical ambivalence towards emerging technology and embrace it as a primary job creation mechanism for the post-pandemic economy. Share Australia has weathered the COVID-19 storm well. Now we must adjust our sails to catch the best wind in the recovery. Some days, when reading a newspaper, you might think that COVID-19 is an economic event. Fundamentally it is not – it is a public health crisis like none in living memory. Certainly there are profound economic impacts, but the first thought of policymakers at all levels was the preservation of life and health.

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ASX outage to trigger market shake-up

ASX outage to trigger market shake-up Save Share The stockmarketâs snap trading shutdown last year has forced financial regulators to develop plans to inject more competition against the Australian Securities Exchange and move to compel stockbrokers to connect to its competitor Chi-X. The Council of Financial Regulators had been investigating how to make competition with the ASX more effective, government officials said, after a software glitch caused the exchange to lock up thousands of buy and sell orders in November. The ASX enjoys a near monopoly on stock exchange trading and clearing and is one of the worldâs most profitable bourses.

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