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Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... policy decisions, and second, while policy decisions could have an impact on their dual mandate over time, the Fed does not know the timing nor the substance of the policies." When questioned on the latter, Powell simply replied: "We don't guess ...

Payton Capital eyes 'extensive growth', hires four

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
The real estate fund manager is extending its footprint, establishing a presence in Perth and adding a second Queensland office. Payton Capital has opened an office in Perth and another in the Gold Coast, also announcing four appointees to take the ...

Old, retired males more likely to use a financial adviser: VanEck

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
People who use a financial adviser tend to be older - over half are aged 60 and above - primarily retired, and predominantly male, according to VanEck. The investment manager's annual investor survey, which included over 3500 respondents, found that ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... retirement partner for its 750,000 members. "While 2023-24 was another strong year from an investment performance viewpoint, we know that planning a comfortable retirement requires more than just a healthy savings balance," he said. "With our recently ...

Trump tariffs cause for concern among Australian investors

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
Former and now incoming US President Donald Trump secured his victory in the US federal election, and with concerns over his proposed tariffs, Australian investors may feel the brunt of his policies. The main concern for Australian investors now is ...

US election: Global investors fear inflation boom

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
Donald Trump secured a decisive victory in the presidential election, sending US markets soaring overnight as investors anticipate lower taxes. However, concerns remain over trade tariffs and the impacts on inflation. Principal Asset Management chief ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... resilient customer-owned bank, Bank Australia is proud to support the ongoing needs of Australian Unity banking customers. We know the current market environment is becoming increasingly difficult for smaller credit unions and mutual banks to operate," ...

AllianceBernstein managing director departs

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... explore all and any opportunities I can uncover, both within and outside of the funds management industry," Karp said. "I don't know where this journey might lead me, but I do know this feels like the right decision at this stage in my career. "Over ...

FAAA moves to combat adviser shortage with new partnership

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
The Financial Advice Association Australia (FAAA) has entered a memorandum of understanding (MoU) with the Financial Planning Standards Board (FPSB) India as it attempts to bridge the adviser gap. One of the main goals of the MoU, which was signed between ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... A commenter on Reddit wrote: "This is the equivalent of an employer saying their bank account is down and they don't know when they can pay your wages. Retirees deserve better." In a statement to Financial Standard, ART said: "We sincerely apologise ...