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23 October 2024 • By Maja Garaca Djurdjevic • 1 min read

Super funds’ travel and entertainment under microscope as APRA announces crackdown

The Australian Prudential Regulation Authority has issued a stern warning to super funds about questionable expenditures. APRA has ramped up its ...

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IMF predicts severe inflation challenges ahead for Australia

The IMF has delivered a grim forecast for Australia, placing the nation second among countries expected to grapple with persistent inflation well into ...

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Praemium bounces back after June quarter outflows

In the firm’s financial results for the three months to 30 September, the platform reported quarterly inflows of $139 million. In an ASX update on ...

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CFS targets smaller super funds amid industry consolidation push

Colonial First State is ready to support further consolidation in the super industry, its CEO said. After a major investment in technology, ...

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Economist says measured caution warranted as investment bank issues gloomy forecast

With the Goldman Sachs S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while ...

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ASX-listed firm drops new funds, eyes US markets

The ASX-listed company has unveiled a series of new products and reaffirmed its commitment to offshore opportunities. Magellan has announced the ...

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RBA caught off guard by recent jobs boom

The Reserve Bank of Australia has been taken aback by stronger-than-expected employment growth, according to deputy governor Andrew Hauser

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Magellan’s FUM stabilises, signalling potential turnaround after challenging times

Magellan has reported “early signs” of a turnaround in its funds under management profile, indicating a potential resurgence for the firm after a ...

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ASFA announces new director

The industry body is adding 25 years of financial services experience to its leadership team with a new appointment. The Association of ...

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China’s economic measures could narrow Australia’s budget deficit, says economist

China’s latest stimulus is expected to push iron ore prices to US$130 per tonne, delivering a significant boost to Australia’s national income and ...

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