Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

ASIC 'P plates' are another embarrassment for Macquarie and the wealth sector

Adele Ferguson The corporate regulator has effectively put Macquarie Equities into regulatory purgatory.

Adele Ferguson

The life insurance industry needs separation for success

Adele Ferguson Asking the industry to fix itself was always going to be difficult.

Adele Ferguson

Gina Rinehart's House of Hancock soap opera rolls on with Fairfax sale

A contractor working at Gina Rinehart's mine site noticed an “unusual discoloration” inside the kiwi fruit from the dining hall.

Adele Ferguson A surprise sell-down, serious safety woes at her Roy Hill mine, continued legal wranglings with her family and a TV mini-series about her life: it's all in a week for Gina Rinehart.

Rinehart's exit from Fairfax merely a matter of waning interest

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Adele Ferguson When the country's richest woman, Gina Rinehart, sold her shareholding in Fairfax Media citing "bad decisions", no "workable plan" and the quality of the leadership team, social media was abuzz with...

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NAB chief Andrew Thorburn's star shining bright

Andrew Thorburn has done more at NAB in the past five months than the former chief executive Cameron Clyne did in five years, says Adele Ferguson.

Adele Ferguson Five months into the top job NAB boss Andrew Thorburn is showing all the signs of pulling off what his predecessors failed to do.

The brutal politics of privatisation stark after Queensland election shock

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Adele Ferguson The shock election loss in Queensland has turned infrastructure into a political minefield.

Adele Ferguson

Government mulls giving ASIC power to change financial planning products

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Adele Ferguson New Assistant Treasurer Josh Frydenberg wants to restore confidence in the scandal-ridden financial advice industry, considering a controversial proposal to give product intervention powers to ASIC.

Investment

Retirement savings at risk from focus on domestic equities: Goldman Sachs

Adele Ferguson The country’s growing army of retail investors and SMSFs are putting their retirement savings at risk by chasing dividend yields, according to Goldman Sachs Asset Management (GSAM).

Markets

Australian sharemarket one of the worst global performers in 2014

The Australian sharemarket managed a return of less than 2 per cent, compared with a 15.1 per cent return in 2013.

Adele Ferguson The Australian sharemarket ranks as one of the worst performers relative to its global equity market peers in 2014, amid a softening economy and dramatic falls in oil and iron ore prices.

ADELE FERGUSON

Financial Services Minister Josh Frydenberg to have busy barbecue season

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Adele Ferguson You can almost hear the sultans of spin doctoring reworking their diaries over the holiday break to meet the new Minister for Financial Services Josh Frydenberg, who will be "immersing" himself in...

ADELE FERGUSON

Tony Abbott should have demoted himself

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Adele Ferguson When the Abbott Government shuffled the ministry at the weekend he should have blackballed himself as minister for women.

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Adele Ferguson

Big overhaul for financial adviser standards

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Adele Ferguson The financial planning industry is set for a massive overhaul of its education standards, level of professionalism and ethics, after a powerful set of recommendations by the Parliamentary Joint...

Retail

Sephora in damage control over broken Australian price promise

Sephora

Adele Ferguson International cosmetics giant Sephora has gone into damage control amid a customer backlash over revelations it is flouting promises that it would not engage in price gouging.

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Adele Ferguson

Sephora not living up to promises on price

Sephora store in Sydney.

Adele Ferguson Global cosmetics giant Sephora claimed its arrival marked the end of price gouging in Australia, but it's not living up to its promises of lower prices in Australia.

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Adele Ferguson

Coles a corporate case study in taking one's comeuppance

The competition regulator put Coles squarely in the spotlight so the giant did the only thing it could – put its hands up and apologised.

Adele Ferguson Corporate Australia would do well to study the way supermarket giant Coles handled explosive allegations of “unconscionable conduct” that will include a review of up to 220 suppliers with...

NBN

Malcolm Turnbull to make NBN better, faster, stronger

Telstra's David Thodey, Communications Minister Malcolm Turnbull, and NBN's Bill Morro.

Adele Ferguson An all-cast press conference is symbolic of the approach Malcolm Turnbull has taken to ensure the $41 billion NBN gets built faster, cheaper and with minimal fuss.

Timbercorp victims get four-week respite from writ

Adele Ferguson and Ruth Williams Thousands of victims of collapsed agribusiness spruiker Timbercorp have been given a four-week reprieve from the threat of being served a writ to repay a combined $394 million in loans owed to...

Michael Van Rens among favoured investors whose projects were bought back by ailing Timbercorp

Timbercorp's liquidator has served writs to hundreds of burned investors.

Adele Ferguson and Ruth Williams Timbercorp bought back several million dollars worth of projects from favoured investors  while staff and the public were given the hard sell to buy the company's investments, Fairfax Media...

Investment

Alleged 'fake debts ring' accused of putting Timbercorp assets beyond investors, creditors' reach

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Adele Ferguson and Ruth Williams Authorities are investigating members of an alleged "fake debt bankruptcy fraud ring" accused of using sham debts to shield millions of dollars in assets from Timbercorp creditors and investors.

Hard sales tactics behind Timbercorp revealed

Illustration: Simon Bosch.

Adele Ferguson and Ruth Williams For Timbercorp, the key to moving product was 'inciting' financial planners and accountants to push the schemes on their clients – with the help of fat commissions and a range of other...