Andrew McKean

Sydney

Journalist at Financial Standard

Journalist @FinStd #investing #superannuation #advisory #smsf

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Articles

ASIC sues Macquarie Securities over 'misleading conduct'

1 day ago | moneymag.com.au | Andrew McKean

Macquarie Securities, the broking arm of Macquarie Group, has been sued by ASIC for allegedly engaging in repeated and systemic misleading conduct in its short sale reporting to the market operator, supposedly misreporting millions of trades over 14 years. ASIC lodged proceedings against Macquarie Securities in the NSW Supreme Court, claiming that, between December 2009 and February 2024, it failed to correctly report at least 73 million short sales.
Friends With Money #197: Insurance savings!

1 month ago | moneymag.com.au | Vanessa Walker |Ryan Johnson |Nicola Field |Andrew McKean

In this episode of the Friends With Money Podcast, Vanessa Walker, managing editor of Money magazine, discusses insurance with journalist Ryan Johnson. They explore why insurance premiums are rising, ways to find the best value policies, and the inner workings of the insurance industry. They also highlight the winners of the Life Insurance 2025 Awards in various categories.
Death benefit failures exposed grieving families to 'unnecessary distress'

1 month ago | moneymag.com.au | Andrew McKean |Nicola Field |Tom Watson |Sophie McRae

A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees, including Australian Retirement Trust, Avanteos (Colonial First State), Brighter Super, Commonwealth Superannuation Corporation, HESTA, Hostplus, NM Super (AMP), Nulis (MLC), Rest, and UniSuper, found widespread failures.
Another boutique hits the market

Sep 25, 2024 | industrymoves.com | Andrew McKean |Cameron Sinclair

TWC Investment Management, a founder-owned and led boutique firm, has set up shop in Australia. The launch comes exactly one week after former Tattarang executives Andrew Hagger and Stephen launched Famille Capital a new firm that caters to wealthy families.
Friends With Money #161: Crypto - risk vs reward

Jul 23, 2024 | moneymag.com.au | Tom Watson |Dale Gillham |Andrew McKean |Janine Grainger

Love it or loathe it, cryptocurrency has made its way into the mainstream. So for the crypto curious, what are the fundamentals worth knowing about? This week on the Friends With Money podcast, Money's Tom Watson is joined by Janine Grainger, founder and chief executive of cryptocurrency trading platform EasyCrypto, to chat about some of the basics of cryptocurrency. What is cryptocurrency? Are there different types of cryptocurrency? Why should Australians care about it?
The five-step money plan to live the life you want

Jul 17, 2024 | moneymag.com.au | James Millard |Michelle Baltazar |Andrew McKean

In recent years, the rising cost of living has emerged as a significant stressor. According to peak psychology bodies, financial worries stemming from rising costs of everyday essentials have surpassed other stressors, even global uncertainty and health crises. This is not only affecting our health but also how we go about achieving a fulfilling life. Understanding how your financial health links to your overall well-being is vital.
Booktopia will not fulfill paid orders or honour store credits

Jul 12, 2024 | moneymag.com.au | Nicola Field |Andrew McKean |Helen Baker

Booktopia customers face a costly final chapter, The Good Guys taken to court over allegations of misleading promotions, and the $200 billion investment Aussies are flocking to. Here are five things you may have missed this week. Booktopia customers to miss out on paid ordersIt's been less than a month since shares in online book retailer Booktopia entered a trading halt. Since then, the plot has thickened, with the final chapter looking decidedly grim for investors and customers alike.
Aussie ETF market hits a record $200 billion

Jul 11, 2024 | moneymag.com.au | Andrew McKean |Tom Watson |Janine Grainger

The Australian ETF industry has rocketed past $200 billion in assets under management, with a prominent fund manager forecasting it could grow to $500 billion by 2030. Exchange traded fund market capitalisation jumped by 15.7% in the first half of 2024 to $205.3 billion. ETF flows ($11 billion) were also strong, more than double the $4.8 billion of net flows received in the first half of 2023.
The big change coming to buying shares

Jun 19, 2024 | moneymag.com.au | Andrew McKean |Dale Gillham |Nicola Field

The ASX has announced that the CHESS replacement project has entered the delivery phase. CHESS is the Clearing House Electronic Subregister System, the computer system that the ASX uses to manage settlement and keep track of shareholdings. The beleaguered system was first introduced in 1994. An update to CHESS was first slated to go live in April 2021, before a botched attempt to overhaul it with blockchain.
Nuveen chief executive exits

Jun 14, 2024 | industrymoves.com | Andrew McKean |William C. Huffman

Nuveen chief executive Jose Minaya has exited the US$1.2 trillion asset management firm, but his successor has already been appointed. Nuveen Asset Management president and head of equities and fixed income William (Bill) Huffman, who's been with the firm for over 16 years, has been appointed chief executive.