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09 June 2023 • By Reporter • 1 min read

Super funds deliver slightly negative returns in May

SuperRatings has published its estimates for May’s super fund returns. The median balanced superannuation option delivered a -0.2 per cent return ...

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Regulator outlines reporting period focus areas

The corporate regulator has outlined its focus areas ahead of the end of financial year reporting period. Ahead of 30 June 2023 reporting for full ...

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FSC updates target market determination template for managed funds

The body is promoting best practice on design and distribution obligations. The Financial Services Council (FSC) has released an updated target ...

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Regulators have ‘no choice’ but to ‘harness’ AI

Australia’s financial system regulators have flagged the security risks posed by rapidly evolving artificial intelligence technologies but revealed ...

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Australian banking outlook ‘deteriorating: Fitch

Share markets have been rattled by the ratings agency’s decision to downgrade the outlook for Australian and New Zealand banks. Fitch Ratings has ...

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ETF provider follows in competitors’ footsteps, announces fee reduction

An ETF provider has reduced fees on its flagship Australian shares ETF after two of its competitors made similar moves earlier this year

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AMP announces sale of SuperConcepts

AMP has announced the sale of SuperConcepts. In a statement on Thursday, AMP confirmed it has entered into an agreement to sell its self-managed ...

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ASIC chair slams ‘greenhushing’

The chair of the corporate regulator has urged firms to boldly disclose climate-related activities without fear of stakeholder backlash, claiming ...

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ART announces key leadership appointments

The $240 billion fund has extended its executive restructure. Australian Retirement Trust (ART) has announced three new appointments to its ...

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‘Our patience has a limit’: Lowe defends hawkish rate turn

The Reserve Bank cannot “sit idly” as inflationary pressures build, governor Philip Lowe has said following the latest hike to the cash rate

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