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Trump tariffs cause for concern among Australian investors

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
... RBA generally follows the Fed's lead when it come to policy decisions, higher inflation in the US could cause problems at home. "It is clear that after the dust settles on the US Presidential election, that the US bond market has a lot to think about," ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... companies to be named as the borrower when it knew the loans were intended for a domestic, personal, or household purpose, like a home loan - which would otherwise be captured by the National Credit Code and carry consumer protections. Some of the companies ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... Essentials Plus is not just advice on super, but also on spending in retirement. "For things they want to do, like a holiday or a home renovation. Or how they budget for the retirement phase, understanding when they can be spending more or less," she ...

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... capital markets. He has held senior leadership roles at prominent institutions such as UBS Investment Bank and Bluestone Home Loans and was most recently a partner in corporate advisory at Prime Financial Group. "Perkins' expertise in originating, structuring ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... "Coalition's dream of dismantling super." In a speech at the University of Sydney on Wednesday, Taylor said a collapse in home ownership has profound implications for Australia's aspirational character and the costs of its retirement system. ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
Superannuation industry groups are pushing back against a campaign led by NSW Liberal Senator Maria Kovacic seeking to allow single and divorced woman to access their superannuation early to purchase a property. Association of Superannuation Funds of ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Three academics who were able to explain why some countries are richer than others have taken home the 2024 Nobel Prize for Economics. The award, named the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was presented to Daron ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... to note that the only other spending categories to rise in September were all essentials, indicating that increased take-home pay from tax cuts is largely being used to pay down debt and on staples, not spending on discretionary items. This trend is ...

Insignia Financial to trial four-day work week

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
... weeks, and heritage severance pay entitlements will be crystallised. There will also be greater protections for working from home rights, including expanding the list of exemption categories, and AI protections will be introduced to ensure there is transparency ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... certificate. The Financial Services Council (FSC) proposes changing the net asset threshold to $5 million, including the family home. It also recommends a two-year transition period alongside grandfathering provisions for existing wholesale investors. ...