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HUB24 engulfs ClearView's remaining superannuation business

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
... Super and Pension product. At the time, 5500 members with approximately $450 million in retirement savings moved across. The now-defunct ClearView Superannuation and Roll-Overs and ClearView Pension Plan products were originally launched under the NRMA ...

Dexus delivers profit, flags 'turning point'

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
... risk-adjusted returns for Dexus security holders and our capital partners over the long term. "Markets move in cycles and we are now reaching a turning point for real asset owners. Longer-term trends remain sound with demand underpinned by strong population ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
... economist Paul Bloxham believes it will be quite some time until the central bank lowers the interest rate again. "We see the RBA now on hold for a few meetings. This should clear the airtime for the RBA to not be the primary economic focus in the national ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... expanded its leading range of investment strategies and managers, he said. "Our leading credit asset origination platform now includes whole loan servicing, and we have participated in a number of flow and block opportunities that provide the Life business ...

Custodians revel in double-digit gains

JAMIE WILLIAMSON  |  TUESDAY, 18 FEB 2025
... Artega Investment Administration's $2.08 billion in assets to State Street. This saw a total of $127 billion in assets now overseen by State Street on Challenger's behalf. HSBC's assets under custody grew by 17.2% to $91.63 billion and Netwealth's ...

Why the RBA should not cut rates

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... rates are. "The most important thing is that we bring inflation back within the 2-3% range, and it's even more critical now because actually we've had decades of low inflation and now we've had this inflation outbreak," she said. "If we don't ...

Australian GDP growth 'steady but not solid': La Trobe

MATTHEW WAI  |  TUESDAY, 18 FEB 2025
... less than enlightening, Tagg said. "We're probably looking around 2% [GDP growth] this year in our view, although right now it's sitting below 1%...," Tagg said. "Consider the annual GDP growth of Australia over our top trading partners this ...

Our results were strong: Alexis George

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
... bolt-on capability. We know technology is increasingly important, there might be something there, but nothing on the agenda now," George said. She said it wouldn't be today when considering potential acquisitions, however added that AMP has a responsibility ...

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... Michele Bullock. The RBA has repeatedly reminded Australians that returning inflation to target is the priority and inflation is now below the midpoint of the 2-3% band," Solomon said. "If one is searching for a reason not to cut, growth would certainly ...

Housing construction lags broader economy by 49%: PC

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... economy moved in line with the housing construction sector, average incomes in Australia would be about 41% lower than they are now," the research found. Several factors have contributed to the state of housing construction, namely complicated and slow ...