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| | | ... point cut rather than 50, noting that data and commentary from officials align more with a smaller reduction. "The reason to start cutting interest rates is that the economy needs more support, as evidenced by the slowdown in various economic activity ... |
| | | | ... make inroads," Hayhurst said. "The enduring significance of today's program launch will depend on whether it marks the re-start of a national investment push maintained and expanded in future years. Only then will we start to see a measurable reduction ... |
| | | | ... retirement for all working Australians. It undermines the policy intent to boost the retirement savings of Australian mums and to start to turn around the gender super gap - which has been widening for women in their 30s," she said. It also risks putting ... |
| | | | ... returns are necessary to achieve long-term support for New Zealand's ageing population, with the government expected to start withdrawing money from the fund in 2035 to help pay for superannuation payments. Canada's CPP Investments was closest to NZ ... |
| | | | ... ongoing reductions in the asset-weighted expense ratios of Australian-domiciled index funds averaged 22.8 basis points at the start of 2024, while active funds register 90.6 basis points. Index funds had more than $700 billion in assets under management ... |
| | | | ASIC reported a 62% pass rate for the latest sitting of the Financial Advisers Exam. In the August cycle, 231 candidates sat the exam and 143 passed. Nearly three quarters (73%) sat the exam for the first time. The results were similar to the April ... |
| | | | Mercer Super chief executive Tim Barber will take on a new leadership position at Marsh McLennan; Claire Ross will step up as his successor. In his new role, Barber will "develop and implement growth strategies" for small and medium enterprises (SMEs) ... |
| | | | Fitzpatricks Financial Group named a new chief executive to replace Jodie Blackledge. Andrew Fairweather is the new leader of the wealth group, commencing in the role on August 14. Blackledge stepped down after four years in the top job and a total ... |
| | | | ... more "risk on" position. Marc Jocum, product and investment strategist at Global X Australia, said: "It's the strongest start ever for the Australian ETF market. In fact, we could surpass the calendar year record of $23.6 billion set in 2021, and ... |
| | | | ... as Australia's largest generational group, according to the latest Census data. Despite being the first generation to start their careers with compulsory superannuation, nearly half (48%) of millennials admit they aren't knowledgeable about maximising ... |
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