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MGP looks inward for new leaders

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... chief financial officer, strengthen the company's plans for future growth," Brook said. Hawkins was revealed as the company's next chief financial officer in March, after it announced it would rebrand from managedaccounts.com.au to Xplore Wealth. MGP ...

Kapstream co-founder announces retirement

KANIKA SOOD  |  THURSDAY, 4 APR 2019
... changes to the team are planned. Palghat will continue to contribute to portfolio strategy and positioning discussion over the next few months. Palghat said: "After nearly 30 years in the financial services industry, it's time to step back so I can ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... dependency ratio is predicted to slow after 2031. The report says: "The rapid rise in the old-age dependency ratio over the next decade provides an indication that this will be a unique period of population ageing for Australia." "Public understanding ...

Northern Trust eyes super fund trading desks

KANIKA SOOD  |  WEDNESDAY, 3 APR 2019
... sign on two or three of Australia's ten largest superannuation funds as a client for the integrated trading system in the next three years. Both AustralianSuper and Cbus do their trading in-house.

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... Treasurer Josh Frydenberg opened his Budget 2019-20 speech delivered last night. Well, technically we all will have to wait until next fiscal year for the underlying cash balance to turn from a deficit of A$4.2 billion (-0.2% of GDP) this year to a surplus ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... to declare Australia's first Budget surplus since the 2008 Global Financial Crisis. But we'll have to wait until next year to see it. In Treasurer Frydenberg's first Budget it was revealed that Commonwealth receipts in 2018-19 are on track ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... surplus of $7.1 billion - the first surplus in a Federal Budget in 12 years. A total of $45 billion in surpluses over the next four years is estimated. "Australia is back in the black and Australia is back on track," Frydenberg declared. "For the first ...

Record Budget spend for older Australians

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... locations. Despite the record spend for ageing Australians, Frydenberg said in his speech: "Our commitment to fairness means the next generation not having to pick up the tab for the last." Frydenberg also made mention of full-time carers in his speech ...

Australia back in the black

KANIKA SOOD  |  TUESDAY, 2 APR 2019
... Treasurer Josh Frydenberg said the Government will put the surplus towards getting rid of the net Commonwealth debt in the next decade. "Tonight I announce, the Budget is back in the black and Australia is back on track," Frydenberg said as he opened ...

Infrastructure gets $100 billion

KANIKA SOOD  |  TUESDAY, 2 APR 2019
The Government says it will put $100 billion towards key transportation infrastructure over the next decade. It adds $25 billion to last year's Budget commitment to spend $75 billion over 10 years in the area. "This includes $2 billion to help deliver ...