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19 September 2024 • By Maja Garaca Djurdjevic • 1 min read

Fed’s jumbo rate cut sparks debate: Economic concerns or strategic confidence?

Feelings are mixed on whether the Fed’s supersized rate cut reflects severe issues in the economy or whether Powell is just justifiably confident ...

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Analyst cautions on fund manager mergers amid Regal’s bid for Platinum

Not all fund manager consolidations have gone smoothly, an analyst has warned ahead of the potential merger of Platinum and Regal. Earlier this ...

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FSC welcomes deputy chair

The Financial Services Council has added a new deputy chair for its board. The Financial Services Council (FSC) has promoted Alexis George to ...

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Employment unexpectedly high in August, ABS reveals

The ABS has released the latest labour force figures. The unemployment rate remained steady in August, coming in at 4.2 per cent, but employment ...

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Finalists revealed for first-ever Momentum Media Australian AI Awards

Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian ...

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Coalition’s bold election play: Deregulate financial services and supercharge private sector

Shadow treasurer Angus Taylor has unveiled the Coalition’s bold new financial services strategy, stressing a return to economic fundamentals amid an ...

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Corporate funds face ambiguous long-term prospects

As TelstraSuper joins the trend of merging into larger funds, industry experts are questioning the long-term viability of corporate offerings

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RBA shifts focus to wholesale CBDC over retail option

The RBA will prioritise work on a wholesale CBDC over a retail one, viewing it as more of an evolution than a revolution in monetary policy

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ASIC’s misconduct allegations against Rest Super dismissed

A court has thrown out ASIC’s allegation that superannuation trustee Rest made false or misleading statements about the ability of its members to ...

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Pendal closes up credit portfolio

The asset manager has announced its third fund closure this year. Pendal has announced the closure of its Pendal Enhanced Credit Fund, set to ...

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