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| | | The Consumer Price Index (CPI) rose to 7.3% in the year to November, dragging inflation back up to its 32-year high. In October inflation dipped to 6.9%, showing signs of cooling off, however the elevated rise ahead of market expectation (7.2%) paints ... |
| | | | ... grips with lifecycle products. Even products that passed the heatmap and YFYS performance are displaying in some metrics a sea of red," he said. "This supports the narrative that these methodologies should be reviewed, not to be watered down, but to ... |
| | | | ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ... |
| | | | Australian Retirement Trust (ART) is providing employers with an automated process for administering fund choice, unveiling a new digital tool. The Super Fund Onboarding tool is expected to streamline the onboarding process for bother employers and ... |
| | | | Ross Youngman will retire next year, with the equities manager naming his replacement. Youngman will step down in the third quarter of 2023 after six years in the role and eight years at the firm. "It has been very satisfying to work closely with our ... |
| | | | The alternative real estate investment manager has appointed Mark Power to the newly created role of head of income credit. Power brings over 30 years of experience in real estate finance, having joined the firm in 2017 from NAB, where he served as ... |
| | | | In a bid to protect retail investors from funds that may not be suitable for their financial objectives, situation or needs, the corporate regulator has placed interim stop orders on both Australian Fiduciaries Limited (AFL) and APS Savings Limited ... |
| | | | A $2.3 billion corporate super fund has commenced the search for a successor fund following an independent review that found it would struggle to satisfy members' best interests in two years' time. The Alcoa of Australia Retirement Plan has ... |
| | | | Colonial First State (CFS) has significantly expanded its FirstChoice menu, adding a range of ETF exposures, fixed interest, and sustainability strategies. Following the addition of the 17 new funds, the FirstChoice platform has reached the largest ... |
| | | | AMP has appointed Peter Fredricson as chief financial officer and member of the group executive committee, commencing his tenure on 9 January 2023. Fredricson will be responsible for leading the financial and strategic activities of the organisation ... |
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