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| | | As widely anticipated, the Reserve Bank of Australia (RBA) delivered a 0.25% interest rate cut at the August meeting, bringing the official cash rate down to 3.6%. The RBA board noted that the easing in inflation alongside a softening in the labour ... |
| | | | Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ... |
| | | | New research by Super Members Council (SMC) found those on the lowest wealth rungs are not benefitting from super as those further up the ladder. SMC said this was due to less paid work due to disability, health or caring responsibilities; higher costs ... |
| | | | Challenger Investment Management will launch a floating rate note on the ASX in a bid to raise $350 million that will be invested in private credit strategies. Challenger IM LiFTS 1 Notes, which will list under the ticker code CIMHA, offer a fixed term ... |
| | | | NGS Super is welcoming a new chief risk officer as the incumbent becomes chief financial officer, and two other executives take on new titles. Fotine Kotsilas has become NGS Super's chief risk officer, bringing over 25 years of experience across life ... |
| | | | MUFG Pension & Market Services has called for an industry-wide uplift in digital identity and fraud protection capabilities as it works with the Australian government and super funds to pilot a new digital ID tool. Speaking exclusively with Financial ... |
| | | | Due to a rapidly evolving investment landscape, Janus Henderson Investors said Australian insurers are increasingly reviewing their long-term investment strategies, emphasising dynamic risk management and changing priorities in the face of uncertainty. ... |
| | | | The Financial Advice Association Australia (FAAA) is looking to expand its Approved Specialisations Program, urging eligible education providers to sign up. The program has historically included specialisations in aged care, life risk and the Fellow ... |
| | | | Australian Ethical has increased investment fees and costs for super and pension options, effective August 1. The $8.9 billion super fund said for those invested in the Conservative, Balanced, Growth and High Growth options, the lift in fees and costs ... |
| | | | SQM Research is facing scrutiny over its questionable ratings of the defunct Shield Master Fund and First Guardian schemes. SQM Research managing director Louis Christopher has released a statement overnight explaining the assigned ratings. Christopher ... |
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