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Quality stocks outperform on average: Bell AM

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... seek out companies with high probability and strong balance sheets amid rising interest rates. Speaking to Financial Standard Bell Asset Management chief investment officer Ned Bell explained that the mean reversion back to quality stocks is just starting ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... and stay for a maximum of three years instead of two. Minister for trade and tourism Don Farrell said the FTA is a gold standard trade deal that delivers benefits for all Australians - including manufacturers, workers, farmers, tradies, innovators, families ...

Macquarie AM wins manager of the year: ILAs

STAFF WRITER  |  FRIDAY, 2 JUN 2023
Macquarie Asset Management won multiple awards at last night's Financial Standard Investment Leadership Awards, including the highly coveted Investment Manager of the Year Award. Attended by 350 people at Sydney's Crown, Financial Standard honoured ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... year's increases which were 5.2% for the minimum and 4.6% for the award," AMP chief economist Shane Oliver told Financial Standard. "Our rough calculation is that it adds about 1.25% to wages growth compared to what we had over the last year, so ...

MAX Awards recognises best of the best

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
Now in its 29th year, Financial Standard's Marketing, Advertising and Sales Excellence (MAX) Awards honoured the most influential professionals in the wealth management industry last night. The MAX Awards hosted about 350 people at the glittering ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... is passed by Congress, the ASX may see another modest rise, however, speaking on the latest episode of the Financial Standard podcast, Oliver said following that, local markets will likely get back to focusing on other issues, such as the RBA rate hikes. ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

Italian private credit fund brings unique offering down under

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
... basis. "Global markets are bracing for a potential recession coupled with high inflation rates," Oricchio told Financial Standard. "In order to reduce both risks, MLoan's investment focus is on floating rate, which aims to benefit from the current ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
Nearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries ...

More PwC staff to go, will remain anonymous

CASSANDRA BALDINI  |  TUESDAY, 30 MAY 2023
PwC acting chief executive Kristin Subbins confirmed the embattled firm will stand down more senior staff while tax breach investigations continue, however their names will not be revealed. In an open letter, Stubbins apologised for the firm sharing ...