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| | | The monthly Consumer Price Index (CPI) indicator rose 2.3% in the 12 months to November 2024, up from a 2.1% rise in the 12 months to October, according to the Australian Bureau of Statistics (ABS). The biggest jumps in prices were in food and non-alcoholic ... |
| | | | Superhero Super's assets are about to double, as it prepares to merge with MYOB's Slate Super and Simple Choice Super. Members have now been informed that Slate Super and Simple Choice Super - both sub-plans of the Grosvenor Pirie Master Superannuation ... |
| | | | Two of Australia's former top executives at the forefront of change have become highly influential figures on sovereign wealth fund boards. Sue Brake, former Future Fund investment chief and adviser to Singapore's central bank has chosen a second ... |
| | | | The latest national account figures indicate that Australia's productivity growth remains in the doldrums, prompting the Productivity Commission to declare revitalising productivity growth as a national priority. September quarter figures showed ... |
| | | | A $2 billion private equity firm will acquire Mason Stevens for an undisclosed figure. Adamantem Capital has signed a binding agreement to acquire the managed accounts specialist. Mason Stevens chief executive Tim Yule said the transaction will deliver ... |
| | | | Australian gross domestic product (GDP) rose 0.3% in the September quarter 2024 and by 0.8% since September 2023, according to figures released by the Australian Bureau of Statistics (ABS). "The Australian economy grew for the 12th quarter in a row ... |
| | | | ... 16.5% of sector assets are invested in private assets, although for the largest cohort, so-called 'industry' funds, this figure exceeds 20%, with unlisted infrastructure as the most popular private asset allocation. "By allocating to private assets ... |
| | | | The latest statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over ... |
| | | | ... interest. Meantime, adoption of digital assets and cryptocurrencies remains low, with only 9% investing in them. In 2022 the figure was 8%, and 21% expected, at that time, to have exposure within five years. |
| | | | ... decade. In 2023, 41% of pre-retirees reported feeling confident and, with the exception of 2022, over the past decade the figure consistently sat above 40%. At the same time, the number of pre-retirees saying they feel unprepared has increased 7% in ... |
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