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| | | ... platform being among the lowest in the market, we are disappointed that a small subset of investment options on the platform did not pass," she said. AMP has been vocal about the shortcomings of the test, saying that the options are not trustee directed ... |
| | | | Generation Development Group's (GDG) underlying net profit after tax rose 55% to $11.2 million in FY24. Its subsidiary, Generation Life, chief executive Grant Hackett said FY24 proved to be another year of outperformance for the company, "surpassing ... |
| | | | Following a revision of its constitution, NGS Super will welcome its first independent chair in 2025. The industry fund, which caters to education professionals, has revised its constitution to allow for the inclusion of independent directors on its ... |
| | | | Listed investment company (LIC) WAM Active (WAA) returned nearly 30% p.a. to unitholders, trumping its benchmarks in the last financial year. WAA beat its reference indices S&P/ASX All Ordinaries Accumulation Index by 13.3% and the Bloomberg AusBond ... |
| | | | ... July." Betashares chief economist David Bassanese said that while the further slowing in annual inflation is welcome, it may not mean an interest rate cut is on the cards. "Today's July CPI report showed a welcome further slowing in annual inflation ... |
| | | | NGS Super will adjust its insurance costs, resulting in lower premiums for more than 97% of its members, from October 1. The super fund noted, however, that a "small group of members" will experience an increase in costs. On average, its members will ... |
| | | | ... for former clients. Judge Moynihan said Jayaweera's conduct was "brazen, gross, and callous" and that his actions "were not only criminal but evil, demonstrating no remorse". Judge Moynihan found evidence of gross breach of trust and that the victims ... |
| | | | ... grappling with a string of matters related to "the provision of financial services to its retail clients" with AFCA but did not disclose what they relate to and how much they will potentially cost. Complaints which there is a probable likelihood of restitution ... |
| | | | The merger of IFM Investors and ISPT has moved forward as the latter's shareholders agree on the conditions of the deal. ISPT's board has notified IFM Investors that it "has elected to support a binding offer made to ISPT and their unit holders." ... |
| | | | The Reserve Bank of Australia (RBA) has indicated that there will not be any short-term cutting of interest rates, but the market is pricing in a cut before the end of the year. RBA governor Michele Bullock pushed back against the market pricing, stating ... |
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