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| | | Targets around the use of artificial intelligence (AI) will be baked into the performance plans of every staff member at the centralised investment manager. Funds SA is rolling out an AI strategy, aimed at boosting efficiencies and productivity within ... |
| | | | The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ... |
| | | | The new feature will allow AMP Super members to boost their retirement savings by earning cashbacks, which could grow their balances by as much as $100,000 when they retire. Despite the significant benefits of compounding, AMP found the concept is poorly ... |
| | | | August is a season for reporting - and board appointments. Three major super funds ART, Aware and Brighter Super announce their latest additions. At Australian Retirement Trust (ART), multiple chair appointee Anthony Lynham will join the board on August ... |
| | | | As widely anticipated, the Reserve Bank of Australia (RBA) delivered a 0.25% interest rate cut at the August meeting, bringing the official cash rate down to 3.6%. The RBA board noted that the easing in inflation alongside a softening in the labour ... |
| | | | Linda Elkins will be joining the AMP board, drawing on her more than 25-plus years in financial services, including top roles at KPMG, Colonial First State and Russell Investment. Starting 1 September, Elkins joins AMP Limited as a non-executive director ... |
| | | | The chief executives of AustralianSuper, the Association of Superannuation Funds of Australia (ASFA) and Macquarie have received session-specific invitations to the government's Economic Reform Roundtable. Treasurer Jim Chalmers issued the invitations ... |
| | | | An interim report from the Productivity Commission (PC) has recommended Australian companies switch to digital financial reporting to allow for data to be better extracted. The report looked at how Australia can better harness the data contained in ... |
| | | | From August 19 to 21 the government will hold the Economic Reform Roundtable to seek views on how to address productivity and Budget sustainability in Australia. Treasurer Jim Chalmers has set out the three-day agenda which will focus on resilience ... |
| | | | Financial advisers have heard how an active, factor-based approach can help eliminate the three-body problem in financial advice. In 1867, Sir Isaac Newton identified the three-body problem. Relating to the laws of gravity, he found that it's impossible ... |
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