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| | | The Actuaries Institute and the Australian Banking Association (ABA) have welcomed the measures taken by the government to tackle structural productivity concerns in the Australian economy. The ABA said the Federal Budget has laid the groundwork to ... |
| | | | Brighter Super and QIC Ventures have backed ProcurePro, a digital procurement platform, boosting the startup's value to more than $100 million. The two parties helped raised $15 million via a Series B round in the hope of scaling the platform which ... |
| | | | A Senate Economics Legislation Committee report released this week expressed in principle support for paying super on every dollar earned, including removing the existing 30 hour per week threshold that currently applies to under 18 workers. Under current ... |
| | | | ... Association of Superannuation Funds of Australia chief executive Mary Delahunty said the performance test "has done a great job" but it is now time to modernise it and to deal with some unintended consequences and make it stronger. "The current test ... |
| | | | ... Hedged) (ASX: MHG). The fund had around $94 million AUM, as at April 30. After the announcement there was talk on LinkedIn that job cuts would impact fund managers and administration workers throughout Magellan. A Magellan spokesperson would not confirm ... |
| | | | The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ... |
| | | | While there are elements of artificial intelligence (AI) that boost operational efficiency for financial advisers, a new study finds they are not fond of the idea of their clients seeking a second opinion through the technology, as it can be "insulting ... |
| | | | ... to where they were in 2022 which means different reactions from central banks are likely. For example, in 2022, monthly US job gains were between 200,000 to 600,000 compared to around 60,000 today. Core US inflation was also running at 6% in 2022, whereas ... |
| | | | ... order to serve more clients and provide opportunities for employees, and the team at Intend Financial have done a brilliant job of expanding geographically and integrating businesses while continuing to deliver excellent service and advice to clients," ... |
| | | | ... misleading statements related to the project. One of Lofthouse's first calls as chief executive, when she took the top job in August 2022, was to dump that initial CHESS replacement project and start over. However, throughout her tenure the ASX has ... |
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