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| | | Australian gross domestic product (GDP) rose just 0.2% in the June quarter 2024 and by 1.5% in the 2023-24 financial year, according to the Australian Bureau of Statistics (ABS). ABS head of national accounts Katherine Keenan said: "The Australian economy ... |
| | | | Persistent outflows cost Platinum Asset Management dearly in the last financial year as it hopes its new business unit, the Platinum Partner Series, will improve returns and stabilise flows. The 30% decrease in funds under management (FUM) to $13 billion ... |
| | | | ... with less super than our male members. In fact, the gender super gap for our members approaching retirement is 27% - a figure that has widened in recent years," Doyle said. "We represent two million members, of whom more than one million are women. This ... |
| | | | A year into its investment scam disruption project, ASIC has taken down more than 7300 phishing and investment scam websites. This includes the removal of 5530 fake investment platform scams since July 2023. It has also seen the closure of 1065 phishing ... |
| | | | ... could result in higher-for-longer inflation. "It's a tough pill to swallow, but the reality is that an unemployment figure of at least 4.5% would be needed to cool inflation," VanEck head of investments and capital markets Russel Chesler said. |
| | | | APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ... |
| | | | ... which UBS analysts highlighted as a "key number" was up 14% to $417 million. However, annuity sales, also considered a key figure, were down 6% to $5.2 billion. Challenger managing director and chief executive Nick Hamilton said the firm had delivered ... |
| | | | ... (ACSA) data shows assets grew by 5.4% in the first half of the year. They now total $5.04 trillion; at December end, this figure was $4.5 trillion. This was driven, in part, by investors' higher allocations to global assets, which increased more than ... |
| | | | The ongoing scandal surrounding the Construction, Forestry, and Maritime Employees Union (CFMEU) has called into question the governance settings within the industry superannuation fund sector, with some suggesting boards no longer require - or benefit ... |
| | | | Global markets were rocked at the start of this week over fears of a potential US recession after a higher-than-expected jump in US unemployment figures. But Yarra Capital head of macro and strategy Tim Toohey said while the risk of a recession in the ... |
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