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| | | Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that. Speaking at the House of Representatives Standing Committee ... |
| | | | The effects of the government's Early Release of Superannuation scheme could result in a 25 basis point loss for those who didn't take advantage of the scheme, according to REST chief executive Vicki Doyle. Speaking at the FINSIA Future of Super webinar ... |
| | | | National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the ... |
| | | | Advisers seeking to de-risk portfolios have sparked mass inflows to defensive assets and an almost equal amount in outflows of riskier assets, namely Australian equities. The BetaShares Australian High Interest Cash ETF (AAA) and ETF Securities Physical ... |
| | | | The Commonwealth Bank is in the final stages of enterprise bargaining, with the Financial Services Union using the bank's full year results as evidence rises are needed. Despite taking an 11.3% profit hit due to the impacts of COVID-19, CBA managed ... |
| | | | Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ... |
| | | | AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ... |
| | | | The Clean Energy Finance Corporation has made its first foray into the industrial property sector, investing $50 million in one of Australia's largest industrial and logistics funds. Charter Hall's $5.5 billion Prime Industrial Fund has nabbed the government ... |
| | | | Asset managers slightly increased their risk tolerance in the second quarter of the year in a bid to ride the equity rally, but risk aversion still remains high. That's according to new research from institutional specialist consultant bfinance, which ... |
| | | | Synchron's general manager of legal, risk and compliance Michael Jones has resigned, with a new appointment to lead the dealer group's compliance. Synchron director Don Trapnell thanked Jones for his contribution to the dealer group. "We have ... |
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