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Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... global economic shocks are putting intense pressure on Australians. They need someone to talk to about their financial future now more than ever," CALI chief executive Christine Cupitt said. "Australia's safety nets are stretched far too thin, and people ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... established industry sectors, Myers says industry representation made sense and still does - but to what extent? "The question now isn't about industry representation - both employer and union - itself, but whether 'equal' representation ...

Dimensional to launch three more ETFs

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... (Managed Fund) - Unhedged Class, and Dimensional Global Core Equity Trust (Managed Fund) - AUD Hedged Class. These funds will now change to the Dimensional Australian Core Equity Trust - Active ETF, Dimensional Global Core Equity Trust (Unhedged Class) ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... pendulum in favour of victim survivors," the government has "baulked at the idea of anything to do with super." "We're only now starting to see baby steps from the government in favour of survivors, but it's still not good enough. They're still not acting ...

What Yarra Capital is buying in the dip

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... "The good news is that we are about 50% through the adjustment in equity markets and that concerns over excess inflation can now be relegated to history," he said. "Rate cuts are clearly coming in size, and once the early signs appear that the easing ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... increased 13.6% in the past year. Zombie companies - those which don't produce enough profits to cover debt obligations - now account for 5.8% of all publicly traded businesses worldwide, Kearney said. The report found that Australia's wavering ...

Magellan adds $2bn to FUM

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... instigator of these redemptions, of which Magellan tentatively expects a further $200 million in August. The manager's funds now comprise $14.8 billion held in global equities, $16.5 billion in infrastructure equities, and $7.1 billion in Australian ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... (RBA) is likely to keep interest rates on hold at today's meeting. "A positive for traders out of Monday's carnage: it is now almost certain the Reserve Bank board will not raise the cash rate at today's meeting," Ho said. Echoing this sentiment ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... continue to enhance its governance controls, risk management and processes for acting in members' best interests. APRA is now satisfied that N.M. Super has completed the rectification work, including the remediation of members affected by the conduct ...

GSFM appoints key account manager

JAMIE WILLIAMSON  |  THURSDAY, 1 AUG 2024
Joining from Macquarie, Lewis Bond is now key account manager for NSW and ACT. Bond will oversee financial adviser relationships in the states, bringing five years' experience with Macquarie Group. GSFM head of retail distribution Stephen Fletcher ...