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Showing 1571 - 1580 of 13911 results for "State"

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... position. At June end 2022, there was $895 billion in Australian government securities on issue by the Commonwealth government. State governments, according to Reserve Bank statistics, have about another $500 billion in bonds on issue, bringing the broad ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... includes $159.0 million to extend the Family, Domestic and Sexual Violence Responses National Partnership Agreement with state and territory governments to support frontline service delivery," Chalmers said. Chalmers promised more will be done to strengthen ...

Boutique appoints head of distribution

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... distribution director. Innova is a provider of managed portfolios, including through a recent partnership with Colonial First State's FirstChoice. Its solutions are also available on BT Wrap, Netwealth and HUB24.

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
Australian Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1 ...

Rest to sell Endeavour stake

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Rest will divest its 12.6% interest in Endeavour Energy to a fund managed by Macquarie Asset Management (Macquarie), already an investor in the company. The industry super fund acquired its stake in Endeavour Energy in 2017, when the NSW government ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... sector's long-standing dominance in pension accounts. According to a KPMG report, although Insignia, Colonial First State (CFS), and AMP lead the pension market by total accounts, industry funds Australian Retirement Trust, AustralianSuper, and UniSuper ...

Economic stimulus unlikely in budget: Podcast

CASSANDRA BALDINI  |  FRIDAY, 5 MAY 2023
While the Reserve Bank of Australia (RBA) is focused on cooling inflation, it's unlikely the May budget will look to boost the economy, Commonwealth Bank's Gareth Aird tells Financial Standard. Some were stumped this week after the RBA sent ...

FAAA suggests adviser pathway tweaks

CHLOE WALKER  |  FRIDAY, 5 MAY 2023
The Financial Advice Association Australia (FAAA) has supported the government's experienced adviser pathway proposal, though suggests the measure be better targeted. The proposal, opened to consultation last month, seeks to clarify the educational ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
In a widely anticipated move, the US Federal Reserve has raised interest rates by 25 basis points, elevating the target range to 5% - 5.25%, marking the highest level in 16 years. The central bank's decision comes as part of its ongoing commitment ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
The Australian Securities Exchange is seeking stakeholder feedback for its CHESS Replacement Partnership Program as it updates the eligibility criteria for potential participants. The CHESS Replacement $70 million Partnership Program canvasses industry ...