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AI, corporate tax, skilled workers key to productivity: PC

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... expands and manufacturing becomes increasingly advanced, Australians will need more extensive skills and training," the report read. Adopting the latest digital technologies is another recommendation whereby "making better use of data can improve the ...

Picture Wealth named fastest-growing planner: report

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
A financial planning group that began life as a fintech start-up is enjoying a rapid growth phase. Picture Wealth Advisory leads the top 10 AFSLs with the highest number of new advisers in the year to June, based on a new financial adviser report released ...

Unemployment data throws 'curveball' at RBA

ELIZA BAVIN  |  THURSDAY, 17 JUL 2025
... interest rate cut in August. "Movements in the unemployment rate tend to be less volatile and so can provide a better underlying read of labour market strength. On that score, the rise in the unemployment rate to 4.3% is disappointing and may suggest ...

How will Trump's tariffs impact the RBA?

ELIZA BAVIN  |  THURSDAY, 17 JUL 2025
... result in softer global growth," Miller said. "More importantly, the MPB will have the June quarter consumer price index (CPI) read. If that is around the RBA forecast of 2.6% - which I think it will be - then the MPB will cut the policy rate at that ...

AustralianSuper readies tech stack for Payday Super

JAMIE WILLIAMSON  |  TUESDAY, 8 JUL 2025
Following a successful pilot program with Rest, Wrkr and MUFG Retirement Solutions will now work on a Payday Super solution for AustralianSuper. Wrkr and MUFG Retirement Solutions will work together to deliver a digital platform that will integrate ...

Barings expands into local self-storage sector

MATTHEW WAI  |  MONDAY, 7 JUL 2025
The asset manager has acquired a majority stake in Swift Storage, committing $200 million in seed investment. The acquisition includes majority ownership in both the existing portfolio of assets and the operating business. Swift Storage was founded ...

HESTA returns 10.18% to members

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
HESTA's MySuper Balanced Growth option has delivered 10.18% for the 2024/25 financial year, with the fund crediting the performance of listed equities and prudent management of market volatility for the result. The outcome represents the third consecutive ...

Perpetual IM switches member admin provider

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
Perpetual Investment Management has awarded MUFG Pension & Market Services (MPMS) a mandate to oversee its investor and member administration services. MUFG Corporate Markets will provide services across unlisted registry, listed registry, corporate ...

Old challenges push asset managers to inflection point: Citi

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
... alongside to drive up costs. End-clients have been demanding new products, especially in the ESG space (45%)," the report read. "Digitally savvy self-directed investors need superior tech-enabled client experience (42%). Tighter regulatory oversight ...

Australia progresses climate transition disclosures, planning

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
... low, discouraging clean-tech investment and reducing incentives for companies to take action in the near term," the report read. The International Monetary Fund (IMF) categorises fossil-fuel subsidies into explicit and implicit forms. Explicit subsidies ...