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| | | Vasco Trustees and ASIC had grave concerns about the financial position of Mayfair 101 for months before receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme ... |
| | | | State Street has relaunched an international equities fund for local investors looking for a climate change and ESG focused portfolio, with a new benchmark. The State Street Climate ESG International builds on a fund launched in 2016, which initially ... |
| | | | Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ... |
| | | | ... measured by gross domestic product," he said. "Nevertheless, the standard neoclassical growth model used by the treasury and Reserve Bank doesn't recognise this. "Instead, it assumes that over the medium term economic growth is entirely determined by ... |
| | | | Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been ... |
| | | | ... met..." A great many, if not all Australians, would have had this Tina Turner classic playing in their heads listening to Reserve Bank of Australia (RBA) governor Philip Lowe's remarks before the Senate Select Committee on COVID-19. Straight from ... |
| | | | ... prudential perspective." Paterson then asked if APRA had provided any advice to the government about the need for the Reserve Bank to provide liquidity assistance to super funds. APRA chair Wayne Byres said the issue was raised at the Council of Financial ... |
| | | | APRA has urged all superannuation funds to be more proactive in considering their options, saying that while COVID-19 will pass, its impact will be felt for far longer and funds will soon run out of excuses. Over the past seven years, the number of ... |
| | | | Latest data from APRA shows that the superannuation sector has withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics ... |
| | | | Financial services software provider Iress has partnered with the Australian Bond Exchange in a move designed to increase investors' access to bonds. A partnership between Iress and the Australian Bond Exchange will allow users of Iress software to ... |
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