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| | | Fronting a Senate Estimates hearing, the Tax Practitioners Board (TPB) said it has no plans to suspend PwC, nor has it formally considered whether the consultant breached legislative requirements to act honestly and with integrity. Appearing in Canberra ... |
| | | | An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ... |
| | | | HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ... |
| | | | Macquarie decided to close the fund after identifying significant increases in management fees would need to be incurred by the investor to keep it running sustainably. The investment manager said a strategic review determined the Macquarie Professional ... |
| | | | MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ... |
| | | | The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ... |
| | | | Several key risks are inhibiting digital advice providers from operating with confidence, a new report finds, one of which is the red tape that is preventing them from moving successfully forward. AMP's Digital financial advice market scan, together ... |
| | | | As adviser numbers drop below 16,000, the Financial Advice Association Australia (FAAA) is ramping up its initiatives to curb the attrition rate and meet the soaring demand for advice. The FAAA's chief executive Sarah Abood, who spoke at the newly merged ... |
| | | | VanEck will introduce its 33rd ETF later this week - the first of its kind to be listed on the ASX, the manager says. The VanEck 1-3 Month US Treasury Bond ETF (TBIL) will list on the ASX on Thursday morning. According to VanEck, TBIL is the first short-term ... |
| | | | ... and back-office administration of the fund. AEP was launched last year and, while based in Melbourne, also has an office in Los Angeles, California. It was founded by Greg Basser, Bob Osher and David Burdge who have over 100 years combined entertainment ... |
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