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Quality is worth paying for in 2024: UBS

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... contribute to lower interest rate expectations," it said. "Market expectations that the Fed will not cut rates below 4% within the next five years are overly hawkish in our view. And in an uncertain world, we believe government bonds could periodically ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... considerable uptick in underlying EBITDA from its strategic initiatives, with most benefits projected to be realised in the next financial year. However, due to prevailing high inflation, it anticipates a 10% increase in operating costs this half year ...

Macquarie brings long-awaited ETFs to market

CHLOE WALKER  |  WEDNESDAY, 22 NOV 2023
... beginning for Macquarie, saying it plans to bring more existing flagship funds and new innovative strategies into the market from next year. "As the largest active investment manager in Australia, we recognise the increasing appetite from Australian ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... take the mountain to Moses on this... I have an open mind, but I don't want to still be pondering this issue this time next year," he said. He admitted he thinks there's a role for recognised prior learning here, a need to look at "what people ...

Inaugural FAAA award winners named

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... continuous improvement in a rapidly changing advice landscape. A recent entrant to the sector, Jayden Adams was named the FAAA Gen Next Rising Star of the Year for his dedication to improving the advice profession and his local community, while Jacob ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... profit-to-member super funds," Schubert said. "I thank the SMC Board for their confidence and am excited to help write the next chapter of the great Australian superannuation story together. It will be a privilege to help secure the very best retirement ...

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
... of monetary policy and hiking interest rates amid many challenges that looks to keep inflation at stubborn levels over the next two years. Speaking at the ASIC Annual Forum in Melbourne this morning, Bullock hailed monetary policy as a necessary yet ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... operations, or simply survive. Nearly 30% of the 58 fintechs surveyed flagged a "very negative" or "negative" outlook for the next 12 months. Apart from sourcing capital, other challenges that await include retaining or gaining customers, and finding ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without having to raise new taxes on superannuation consumers," Briggs added. The report said product modernisation ...

ASX awards settlement, clearing mandate

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... to a global technology firm that will deliver a product-based clearing and settlement solution so it can proceed with the next phase of the CHESS replacement. The bourse has entered into an agreement with Mumbai-based TATA Consultancy Services (TCS) ...