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| | | ... inflation concerns, with 71% of respondents citing it as the biggest economic surprise for the second consecutive year. Close behind, 59% flagged recession risk as their primary macroeconomic concern. Over half of insurers (55%) foresee potential vulnerabilities ... |
| | | | ... supports. However, during 2021-22, the removal of these income supports largely reversed this trend, restoring income inequality close to its pre-COVID level. The average income of the lowest 20% fell by 3.5%, compared with 0.5% for the middle 20%, and ... |
| | | | ... agreement, Mercer will receive end-to-end integrated portfolio administration and reporting services through Praemium. Initially, close to 400 client portfolios will be administered by the platform provider, Praemium said. Further, the partnership will ... |
| | | | Having reviewed its current scale and potential for growth, the $8.4 billion superannuation fund has confirmed it intends to explore merger options. Following speculation last week, Qantas Super said the board has reviewed the fund's size, growth ... |
| | | | ... it's on track to achieve a $10 billion in committed AUM target by the end of 2023. "We are delighted to reach first close and welcome a number of top tier major new strategic capital partners for the Healthcare and Life Sciences Unlisted real estate ... |
| | | | GPT Group (GPT) has appointed former Charter Hall chief financial officer Russell Proutt as its chief executive and managing director. Proutt is set to take over from Bob Johnston and will officially assume the top position by 25 March 2024. In the ... |
| | | | APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ... |
| | | | Melbourne-based Spatium Capital has received an undisclosed investment from Singaporean wealth manager Conduit Group (Conduit) in its Small Companies Fund (SSCF). Conduit, an integrated financial services company that offers securities dealing, wealth ... |
| | | | ... being the overcharging of fees after learning of the issue, occurred between January 2017 and July 2018. It occurred on close to 75,000 times and totalled $139,845 taken from 2888 personal accounts and 513 business accounts. The actual issue began in ... |
| | | | ... that were to happen, central banks would need to react. "But I don't believe we're going down that path. We're not even close to a rerun of the 70s." In the 1970s, US inflation came close to 15%, however the economy was also growing at 7.6%, its workforce ... |
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