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| | | The federal government has released its 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), revealing a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. Since the last election, the government has identified ... |
| | | | ... credit globally, hopes to triple its exposure to the asset class, through a combination of direct lending through its in-house investment team and strategic partnerships. The fund believes that private credit can offer attractive income and returns ... |
| | | | One in nine Australians expect to have more than $250,000 in debt when they retire, a new study by AMP shows, however separate research from TAL suggests debt in retirement is of little concern. A study commissioned by AMP has found that fewer than ... |
| | | | Research by CoreLogic suggests the Australian housing market is heading towards an inflection point, with the rate of growth in home values becoming more diverse but generally weakening. According to the research, commissioned by NAB for its December ... |
| | | | ... management business, a move it staunchly believes is in the best interests of all shareholders. The conglomerate investment house argued that the complexity of the Perpetual Group, along with current market conditions and the fund manager's high financial ... |
| | | | In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ... |
| | | | In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ... |
| | | | ... Rainmaker Information, investors can get a diversified balanced portfolio with a total cost as low as 0.1%. The research house highlighted that this cost is primarily determined by investment management fees and the buy/sell spread. Notably, these combined ... |
| | | | ... 2023," E&P said. E&P settled the Shine-led class action, which related to representatives giving conflicted advice for its in-house product, the Masters Residential Property Fund (URF), for $16 million. Shine alleged that E&P's financial advisers ... |
| | | | ... announced that it will commit $60 million and partner with UK firm Engine by Starling to launch the technology platform to house small business owners' transaction and savings accounts. "AMP Bank's near-term performance will continue to be affected ... |
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