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| | | ... billion, or just over half of total collections. Australians' wealth also continued to build through the superannuation system. The average superannuation account balance increased from $173,000 in 2022-23 to $183,000 in 2023-24. Meanwhile, net capital ... |
| | | | ... increased 5.5% overall during the year, reflecting the continued strength of Australia's compulsory retirement savings system. However, the figures also reveal that women aged 60-64 continue to retire with substantially less super than men, prompting ... |
| | | | ... letter to super funds and insurers, APRA defined geopolitical risks as "the potential for adverse impacts on the financial system from international tension, including trade restrictions, sanctions, grey-zone activities and conflicts." But unlike previous ... |
| | | | ... and ASIC want superannuation funds to improve. Recent roundtables hosted by APRA and ASIC heard the importance of how its System Risk Stress Tests (SRST) should be designed and the implications these will have on super funds and the broader financial ... |
| | | | The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ... |
| | | | ... early as 21 December 2021. According to ASX's announcement in February 2022, the Clearing House Electronic Subregister System (CHESS) replacement project was "progressing well" to go live on the scheduled date of April 2023. However, a month later the ... |
| | | | ... individual's intentions are honoured. From wealth accumulation to wealth transfer, fresh uncertainty around the tax system increases the likelihood of unadvised Australians making sub-optimal decisions about their savings and estate plans simply ... |
| | | | ... Australians to attain home ownership while also increasing affordable rental supply," Buskens explained. "Australia needs new system architecture in housing. C1 is one of the few platforms showing how it can be built and I'm energised to help accelerate ... |
| | | | Invesco has launched the Invesco Global Enhanced Equity Fund, with the aim of providing Australian investors access to a systematic global equity strategy with a 20-year track record and more than $16 billion in assets under management globally. Invesco ... |
| | | | Global X has now launched the space tech ETF (ASX: MOON), which was flagged by Financial Standard in April. MOON is the second ETF launched of three announced by the ETF issuer, with the Global X S&P World Natural Resources ETF expected to hit the market ... |
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