NAB’s microfinance pilot fuels new small businesses

Seventy-one new small businesses have been built using microenterprise loans supplied by National Australia Bank (NAB) in a one-year pilot program launched in March 2007. The loans were provided to people with sound business plans but no access to affordable business credit from mainstream lenders, due to a lack of assets or high level of … Read more

Superannuation news not all bad

It’s both a puzzle and a source of frustration to many in the superannuation industry that the average Australian has so little interest in their superannuation. We all recognise that retirement is a long way off for most people and that many households are more concerned with paying next month’s mortgage than reading about the … Read more

Chair of NSW State Super a salesman no more

BNY Mellon Asset Management has clarified that Don Russell is no longer in a sales role with the firm, following his appointment as chair of the $38 billion NSW State Super defined benefit fund. Russell joined BNY Mellon Asset Management last year in an institutional sales role, but has since become ‘global investment strategist’. The … Read more