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| | | Addressing the Conference of Major Super Funds in Melbourne this morning, Treasurer Jim Chalmers said the superannuation system is one of the reasons he feels optimistic about the future of the economy, though remained realistic about possible challenges ... |
| | | | The ASX fell 1.4% this morning following chaos at Credit Suisse that spurred on Wall Street downturns, but this isn't the only reason we're seeing a slump. Commonwealth Bank subsidiary CommSec explained the Aussie market opened down 97pts or ... |
| | | | ... substantial waiting period before funds can be accessed. "Having access along the way for different sets of circumstances isn't necessarily going to be the case moving forward, because that's not the purpose of those funds," he said. Meanwhile, from ... |
| | | | The Reserve Bank of Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at ... |
| | | | ... executive Paul Schroder acknowledged at the Australian Financial Review Super and Wealth Summit, investing in affordable housing isn't easy. "Does it [affordable housing] normally stack up? No, it doesn't. Usually, the risks are too high, and the ... |
| | | | ASIC has been asked if its culture is toxic following the Treasury investigation into deputy chair Karen Chester. At a hearing this morning, a letter written by Secretary Treasurer Kennedy to ASIC chair Joe Longo regarding Chester's conduct was ... |
| | | | Australia's unemployment rate has risen to 3.7%, according to the Australian Bureau of Statistics (ABS). The ABS reported a decline in employment for the second consecutive month, following a period of robust jobs growth throughout 2022. Employment ... |
| | | | The two funds are considering merging, after AvSuper's plans with Commonwealth Superannuation Corporation (CSC) fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing ... |
| | | | Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ... |
| | | | Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ... |
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