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Aussie government debt to double: Janus Henderson

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
Australian government debt is expected to double by 2025, latest insights from Janus Henderson show. The Janus Henderson Sovereign Debt Index shows Australia is expected to owe $68,806 per person in government debt by 2025. The report shows central ...

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
In his reply to the 2022 Federal Budget, opposition leader Anthony Albanese has promised cheaper childcare and an investment in renewable energy. Like Treasurer Josh Frydenberg, Albanese focused much of his Budget reply speech on the cost of living. ...

Floods, fires, plagues catered to in Budget

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
Australia's recent natural disasters, including the devastating floods in New South Wales and South-East Queensland, have prompted a Federal Budget response. "Nothing I say can overcome the personal pain and loss of so many Australians. We will stand ...

Global X adds to local team

CHLOE WALKER  |  TUESDAY, 29 MAR 2022
Global X ETFs has announced the appointment of ETF expert Blair Hannon as head of investment strategy as it prepares to launch in the Australian market. The appointment of Hannon marks a major step in building Global X's presence in Australia, ahead ...

Practice valuations to normalise: Report

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
Financial advice practice valuations are expected to regulate this year and will continue to trade at a premium, so long as financing terms remain favourable. That's the prediction of Centurion Market Makers, outlined in its 2022 Practice Acquisition ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... contributions caps, and artificially inflating fund earnings through non-commercial dealings," a statement from Hume's office read. "The government understands that some industry stakeholders have concerns regarding the interpretation of these provisions ...

Morningstar bets on active fund managers

KARREN VERGARA  |  MONDAY, 21 MAR 2022
As market sell-offs continue to pummel ASX-listed active fund managers, Morningstar is betting big that Pendal, Magellan, Pinnacle and Platinum will deliver past the short-term noise. The fund mangers' "compounding potential" for larger assets under ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
The corporate regulator has issued information for social media influencers who discuss financial products and the licensees who use them, warning they face substantial penalties if their content contravenes financial services law. The information sheet ...

Super should help secure home loans: Inquiry

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The inquiry into housing affordability and supply in Australia has recommended first home buyers be able to use their superannuation as collateral for a home. The House of Representatives Standing Committee on Tax and Revenue tabled its report following ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The House of Representatives Standing Committee on Economics has recommended greater disclosure obligations for institutional investors and proxy advisors and for the ACCC to actively monitor common ownership in Australia - all the while sharing little ...