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06 July 2023 • By Charbel Kadib • 1 min read

Fed divided on monetary policy, minutes reveal

A group of the central bank’s board members needed to be convinced to support a monetary policy pause, according to newly released minutes

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Treasury bond rates surge as shares brace for ‘correction’

Fixed income assets continue to gather momentum amid evolving inflation and monetary policy expectations. Ten-year US Treasury bond yields surged ...

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Cbus touts solid returns in the face of volatility

Cbus Super is the latest super fund to announce a solid return for members despite a volatile year for markets. On Thursday, Cbus announced an 8.95 ...

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Magellan FUM drops below $40bn

The firm’s June funds under management (FUM) results are the latest in its continued downtrend. Magellan Financial Group has disclosed net outflows ...

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Ignition unveils chief platform and technology officer role

The firm has named an experienced wealth management design lead to take on the inaugural role. Ignition Advice has bolstered its executive team ...

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AustralianSuper welcomes chief strategy and corporate affairs officer

Ms Benson will commence from 18 September. AustralianSuper has announced the appointment of Paula Benson to the role of chief strategy and ...

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Submissions open for 10th Super Fund of the Year Awards

Nominations and submissions are now open for the Super Fund of the Year awards, which is hosted by InvestorDaily’s sister brand, Super Review

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Openmarkets pays record $4.5m penalty

Online stockbroker Openmarkets has paid a record $4.5 million penalty. In a statement on Thursday, the Australian Securities and Investments ...

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One last rate push in August: CBA, HSBC

Next month’s monetary policy decision will mark an end to the Reserve Bank’s tightening cycle, according to the banks. The Reserve Bank of ...

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Member focus must remain on long-term performance: AustralianSuper

AustralianSuper says its recent strong returns serve as a reminder to members to focus on long-term performance. The 2022–23 financial year saw an ...

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