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Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
... Australia (ASFA) show less than 5% of eligible first homebuyers would actually benefit from an early access scheme. For years now, the Coalition has pushed its 'super for housing' policy, promising first homebuyers access to their retirement savings ...

Tariff impact on super 'profoundly worrying'

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... compared to its recent highs, which will inevitably flow through into a similar reduction in many super balances," Chapman said. "Now of course that is only a notional loss - which will only be crystalised if people sell their shares, which won't necessarily ...

CA ANZ launches AI fluency certificate for finance professionals

ANDREW MCKEAN  |  TUESDAY, 8 APR 2025
... help participants identify opportunities and then effectively use Gen AI," Williams said. Enrolments for the certificate are now open and the course will commence in May.

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
... thinking, saying cyber resilience should be treated as a shared responsibility, with individual member account vulnerabilities now posing a systemic risk to the broader superannuation sector. Lastly, he said funds must ensure their incident response ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... Financial Complaints Authority (AFCA) will expel United Global Capital's (UGC) membership effective May 31. UGC, which is now in liquidation, began providing financial services, including financial advice, in 2017 to retail and sophisticated investors. ...

RBA flags 'policy changes' could derail super

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... has previously been a supplier of liquidity to the system in periods of financial stress, the growth and size of the sector now introduces the potential for it to amplify stress if several extreme-but-plausible liquidity risks materialised simultaneously," ...

Members press super funds for sustainable investments

MATTHEW WAI  |  FRIDAY, 4 APR 2025
... a panel to discuss the investment framework among super funds. Looking at its members' behaviour, Doyle said they are now more conscious about investing sustainably. As a matter of fact, she said, over 85% said they expect the super fund to do so. ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... fraud. "While we took immediate action to lock these accounts and let those members know, there are things members can do right now to protect themselves online. We are highlighting this event to make sure members are alert and take all possible precautions ...

Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... exceptionalism was the topic du jour and the appetite for US assets with a negative equity risk premium was near-insatiable. Now, with Trump's new 'Liberation Day' tariffs representing a seismic shift to global trade, we have observed a marked change ...

Barings expands local wealth team

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
... market. John Nicoll joins a growing Australian Sales team with 90 private credit, real estate and structured finance staffers now based in Sydney, Melbourne, and Brisbane. In the new role, he will develop and manage client relationships and raise capital ...