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Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ...

IPS partners to launch equity market solution

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
Integrated Portfolio Solutions (IPS), Horizon Investment Solutions and Stropro have partnered to launch an alternative investment strategy for uncertain equity markets. The strategy is structured so that investors can lock in a yield of 8.05% per annum ...

Current legislation "wrong way around": Levy

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
Quality of Advice Review chair Michelle Levy believes providing financial advice with a focus on best interests duty and duty of priority is doing things the wrong way. Commenting on her proposal to replace the best interests duty and duty of priority ...

The time for change is now: Jones

CASSANDRA BALDINI  |  WEDNESDAY, 21 SEP 2022
Assistant treasurer and minister for financial services Stephen Jones has told the Association of Financial Advisers' THRIVE Conference that now is the time for change in the advice sector. Appearing via video link on the opening day of the conference ...

Centuria, MA Financial buy $223m tower

CHLOE WALKER  |  WEDNESDAY, 21 SEP 2022
Centuria Capital Group and MA Financial Group have formed another joint venture to secure one of Perth's best known office towers, Allendale Square. The 31-storey office building is located within the heart of the capital city at 77 St George's Terrace ...

BT Panorama introduces robotic admin feature

CHLOE WALKER  |  TUESDAY, 13 SEP 2022
Enabling advisers and support staff to track the status of transactions via the platform's user interface, BT Panorama's new Robotic Integrated Technology Administration (RITA) platform has been launched. RITA is a fast automated service request tracker ...

JANA announces Sustainability Advisory Council

CASSANDRA BALDINI  |  MONDAY, 12 SEP 2022
JANA has launched a new independent advisory council that will provide guidance on sustainable investing. The JANA Sustainability Advisory Council (JSAC) aims to enhance client capabilities and broaden impact investment opportunities, with a long-term ...

Financial literacy in Australia drops by almost 10%

CASSANDRA BALDINI  |  TUESDAY, 6 SEP 2022
New data has revealed that more than a third of Australians are financially illiterate. Greater Bank and the University of Newcastle surveyed 575 women and 536 men aged from 18-90 years. The joint report titled: Financial Wellbeing and General Life ...

AIC names new chief executive

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
The Australian Investment Council (AIC) has named Navleen Prasad as its chief executive. Prasad will step into the position in November, joining the council after 19 years at Macquarie Group where she held several roles including, most recently, head ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
The government's Treasury review into the operation of the Your Future, Your Super (YFYS) laws and MySuper performance tests has had a mixed reception. Assistant treasurer and minister for financial services Stephen Jones said the government is ...