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RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... decisions. Evidently, RBA data suggests the 4% rate rise might result in a roughly 4% decline in business investment over the next two to three years. On the household front, higher rates encourage saving and delayed consumption. "In the current cycle ...

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... a bond market rally," Lee said. "This, along with investor hopes for a soft economic landing, gives equities a boost. The next moment, policymakers take the punchbowl away with a warning that rates will stay high for the foreseeable future - bond yields ...

FAAA names inaugural awards finalists

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... Boutique Advisers, Future Gen Solutions, and Warr Hunt are nominated for FAAA Professional Practice of the Year. FAAA Gen Next Rising Star of the Year finalists include Adams Financial Group's Jayden Adams, Scott Hendy of Focused Advisers; and Jennifer ...

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
Future Super will soon transition to both a new administrator and custodian, with new contracts taking effect next month. The new mandates follow Future Super transitioning away from Diversa, appointing Equity Trustees as its trustee in July. "Future ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
... 45%," he said. Dhar added that there is potential volatility at play, but it is completely reliant on what occurs over the next few weeks. "The US has stopped short of being very explicit that they have no direct evidence of Iran's involvement," ...

ReCALIbrate grant winners announced

CHLOE WALKER  |  MONDAY, 9 OCT 2023
... Gooderick added: "Risk specialists have an important role in the life insurance ecosystem, so it is important that we foster the next generation of talent." This, Gooderick said, will ensure that consumers understand their life insurance needs, secure ...

Advised Aussies more financially confident: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... Baby Boomers reaching old age, the world is on the cusp of an unprecedented wealth transfer between the generations. The next generation has a high demand for financial planning, but their service expectations are different to their parents. Financial ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...

La Trobe University appoints lead for $200m campaign

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
... momentum we have developed in recent years to increase engagement with our alumni and take our fundraising program to the next level." Meanwhile, Powell said: "I'm thrilled at the prospect of leading La Trobe's alumni and advancement team and collaborating ...

Fixed income expected to be hotter than stocks: Report

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
... believe ongoing market volatility and the prospect of recession will make fixed income more attractive than equities over the next two years. The research, commissioned by MPG in July, surveyed 100 investment professionals working for pension funds ...