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Consumer confidence jitters abate

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... confidence has mainly been driven by improving sentiment in regards to the performance of the Australian economy over the next year and five years," Roy Morgan said. "There was no clear trend on a state-by-state basis with NSW, Queensland and Western ...

Vanguard to liquidate factor ETF

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2022
... the report, 41% of respondents increased their factor allocations over the past year, while 39% intend on increasing them next year. Only 3% plan to decrease their allocations in the next 12 months. Last year, this number was 8%. Of those using factor-based ...

Acquisitions underpin WT Financial Group results

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
... Synchron so it will all go very well for the shareholders," Cullen said. He predicts the positive trend will continue over the next year. "We're guiding at $7 million plus EBITDA for this year and a net profit before tax of about $5 million and net ...

GIC, Northwest buy $110m hospital

CHLOE WALKER  |  MONDAY, 26 SEP 2022
... model and we look forward to enhancing Peninsula Private jointly with Healthscope." Construction is set to commence in Q1 of next year.

Allianz Retire+ bolsters executive team

CHLOE WALKER  |  MONDAY, 26 SEP 2022
... financial planning community. "His experience and extensive network align to our refreshed distribution approach to deliver next generation retirement income solutions on platform," he said. With over 25 years clocked in financial services, Weir has ...

George Lucas to depart Raiz Invest

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... more about savings and investments." "I am excited about the future for Raiz, especially the renewed focus on educating the next generation on building financial security." Raiz chair Harvey Kalman commented: "I'm going to miss having George's unique ...

Time to throw out the antiquated lifetime annuity mindset

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
... over time. But subsequent reform now permits lifetime annuities to have income that rises and falls from one year to the next. "That's changed the game and the reason we needed to change the game is because when it comes to retirement, we're seeing so ...

No escaping volatility: AMP

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
At least for the next few months while central banks are raising rates, expect the volatility we've seen in share markets, currencies and fixed income to remain in play, warned AMP senior economist Diana Mousina at the Association of Financial Advisers' ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... at 5% until the end of 2023." PGIM Fixed Income said it believes the Fed will raise the funds rate to 4.25%-4.5% by early next year before taking a U-turn in policy. Meanwhile, Barclays Research said: "With [Federal Reserve chair Jerome] Powell suggesting ...

Future2 Foundation appoints co-general managers

CHLOE WALKER  |  FRIDAY, 23 SEP 2022
... focus on ensuring that Future2 can continue in its work providing support to those in need in our local communities, in the next phase of our growth," she said. She added that the last two years have been extraordinary and local communities and the association's ...