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| | The Senate Economics Committee has handed down its Interim Report into existing and proposed super for housing policies. Chair of the Senate Economics Committee Senator Andrew Bragg said the Inquiry was recalibrated to assess how policy could improve ... |
| | | Perennial Partners has agreed with Australian Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund. AUFM will also step down as trustee of the fund, with Perennial taking over as trustee. ... |
| | | The Reserve Bank of Australia (RBA) left interest rate unchanged at the May meeting, as was widely expected by economists. But some have suggested another hike could be on the horizon given less than optimistic inflation data which rose 1% in the March ... |
| | | The super fund plans to begin restoring services later this week, though chief executive Peter Chun has told members the root cause of the outage remains unknown. UniSuper's systems, including its app, have been down for about a week now, with members ... |
| | | Magellan Financial Group has seen a drop of $1 billion in funds under management (FUM) in April, according to its latest monthly update on the ASX. Magellan's FUM now stands at $36.3 billion. The fund manager reported that its net flows were flat, consisting ... |
| | | Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ... |
| | | ASX chair Damien Roche has announced former APRA chair Wayne Byres will join the ASX board, effective today, as non-executive director. Roche said he was delighted to welcome Byres to the board, and he looked forward to "drawing on his deep financial ... |
| | | UniSuper is working to resolve an ongoing system outage impacting the entire business, assuring disgruntled members it is not the result of a data breach. The $135 billion super fund's online systems have been disrupted this week, with its 665,000 ... |
| | | Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year. The firm's assets under management increased to $938.3 billion, up 7% from 31 March 2023, but primarily due to favourable ... |
| | | Insignia Financial is on the hunt for a new chief member officer for its superannuation business, confirming the departure of Anne Coyne. Coyne was first appointed to the role in January 2023, following close to two years in governance and disclosure ... |
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