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Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
In its submission to the federal government's inquiry into housing affordability, Industry Super Australia has suggested superannuation funds could play a key role in creating more affordable housing. "Simply increasing overall housing stock will not ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
Financial markets have been on edge ever since they got the first whiff of "taper" in the air. This started when the minutes of the US Federal Reserve's April 27-28 FOMC meeting revealed that: "A number of participants suggested that if the economy ...

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
Financial advisers who are vertically integrated or have a financial relationship with fund managers pose a potential risk for conflicts of interest, particularly in relation to costs and managed accounts, new research shows. New research conducted ...

More advisers switching practices

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
... advisers moved from one employer to another, while the month to August saw 86 switch practices. Year-to-date August figures show that there were 19,096 practising advisers. The adviser movements pipeline shows the movement of financial advisers across ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
Employers and the government are failing parents, costing mothers $1.6 billion in superannuation, according to new research from Industry Super Australia. Many employers, even large companies, still fail to pay parents parental leave - forcing them ...

Economic recap: Week to September 17

BENJAMIN ONG  |  MONDAY, 20 SEP 2021
... socialist cum capitalist philosophy. "You picked a fine time to leave me, Lucille," as Kenny Rogers would say. Latest PMI data show that China's manufacturing and services sectors dropped below the expansion/contraction mark in August - manufacturing ...

Older investors, women flock to crypto

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
Young males no longer make up the majority of cryptocurrency investors, with older Australians and women investing large amounts, according to BTC Markets. BTC Markets' Investor Report FY20-21 showed almost one in four crypto investors are over the ...

Managed accounts surpass $100bn

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
The take up of managed accounts continues to grow with the industry growing $15.8 billion in the last six months to $111 billion, new research shows. The Institute of Managed Account Professionals (IMAP) and Milliman's latest Managed Accounts FUM Census ...

Investors demand credible climate information

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
Retail investors would have greater confidence in sustainability information it was subject to independent assurance, new research shows. The Chartered Accountants Australia and New Zealand (CA ANZ) Investor Confidence Survey recorded 87% of investors ...

EQT gets 10 more days of due diligence at Iress

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
Iress shareholders will have to wait a little longer, as its board grants EQT another 10 days to complete its due diligence. The European private equity firm was granted 30-day access to Iress's books on August 11, at its third bid. EQT's third offer ...