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| | | The global high-net-worth (HNW) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to $124.3 trillion, according to Capgemini's latest World Wealth Report. This drop, stated by the report, is the steepest ... |
| | | | The federal government has delivered a small surplus of $4.2 billion for 2022-23, the first in 15 years, but structural deficit challenges continue to pose a threat to long-term fiscal stability. Treasurer Jim Chalmers touted the surplus and smaller ... |
| | | | ... super fund-aligned channels. "It remains to be seen whether this uptick in adviser numbers signals a recovery, or that the sharp December 2022 quarterly decline was a rogue figure," Rainmaker said. Boutique non-aligned AFSLs were the winners, attracting ... |
| | | | As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ... |
| | | | ... global capital helped propel APAC deal value to an extraordinary high in 2021. "That set the stage in 2022 for an equally sharp decline as economic forces battered the market, pushing deal value to the level of 2020," it added. Based on trends seen in ... |
| | | | In an ASX announcement, AMP said that its Australian Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 ... |
| | | | ... IMF also said. "Financial sector stress could amplify and contagion could take hold, weakening the real economy through a sharp deterioration in financial conditions and compelling central banks to reconsider their policy paths." The IMF's latest forecast ... |
| | | | Industry groups have welcomed the Your Future, Your Super (YFYS) review's focus on consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for ... |
| | | | Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ... |
| | | | ... most recent in a string ; since November last year Blackstone has been forced to limit shareholder requests following a sharp rise in them. However, the investment manager said BREIT has paid out nearly US$5 billion to redeeming shareholders since 30 ... |
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