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Chief economist update: Look ma, inflation ate my wagesBY BENJAMIN ONG | THURSDAY, 16 AUG 2018 11:19AM
Australian growth in real wages - nominal wages growth less headline inflation - has now dropped to a whopping 0% in the June quarter from a teenie-weenie growth of 0.1% in the previous three-month period.Read more: Australia, ABS Chief Economist Bruce Hockman, Australian Bureau of Statistics, China, emerging markets, Tennessee Ernie Ford, trade war, Wage Price Index, Westpac Melbourne Institute Index of Consumer Sentiment, WPI
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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