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

IMF sounds alarm on liquidity risks in Australia’s super system

The International Monetary Fund has raised concerns about liquidity risks within Australia’s superannuation system due to a growing share of illiquid ...

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Big 4 reveals $123m hit to profit

Ahead of the bank’s full-year results, Westpac has said that its NPAT will be impacted. Westpac’s reported net profit after tax (NPAT) for ...

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AFCA complaints continue to increase, banking and finance lead the pack

The ombudsman received almost 104,861 complaints over the last financial year. The Australian Financial Complaints Authority (AFCA) has announced ...

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AI integration tipped to become key revenue strategy for investment managers

Investing in technologies that integrate AI into sales and distribution processes is poised to be one of the most effective revenue-enhancing ...

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Aussie private credit poses low direct risk, but transparency concerns persist, says RBA

Australia’s central bank has assessed that the local private credit market poses low direct risks to financial stability, but transparency concerns do ...

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Australian Ethical appoints private markets head

Australian Ethical Investment has appointed a new head of private markets to lead its infrastructure debt fund and private markets portfolio

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Rest names acting CIO duo as replacement search commences

The $89 billion fund has named co-chief investment officers following the resignation of Andrew Lill earlier this month. Rest has appointed two of ...

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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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