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16 February 2024 • By Rhea Nath • 1 min read

Super fund hit by class action over default insurance

An $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member ...

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The profitable strategy behind focusing on overlooked stocks

Much like Warren Buffett, Merlon Capital Partners’ Andrew Fraser has a preference for companies that are typically unpopular but have a good history ...

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‘No certainty banks aren’t engaging in fees for no service’, says ASIC

ASIC says it can never be certain that banks are no longer engaging in fees for no service. Appearing before the Senate estimates committee on ...

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Recession risks lurk beneath the surface

AMP’s chief economist has cautioned that, while economic growth has held up far better than expected, Australia is not out of the woods yet

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Rate cuts in 2024 more likely after jobless data surprise

Economists believe the unemployment rate could rise more quickly than the RBA anticipates in 2024. Economists concur that the recent speed at which ...

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Brighter Super ramps up commercial focus with new team

Brighter Super has made four strategic appointments within its newly created commercial division. Led by the fund’s chief commercial officer, Sean ...

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Maple-Brown Abbott chief joins rival fund manager

Magellan has nabbed Maple-Brown Abbott’s CEO as it implements an executive leadership restructure. Sophia Rahmani has announced her resignation ...

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Unemployment rises above 4% for first time in two years

The ABS has released its latest labour force data, finding Australia’s seasonally adjusted unemployment rate has increased. The unemployment rate ...

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Magellan announces new product alongside statutory profit growth

Magellan has announced the launch of a new product and an enhanced US distribution platform in an attempt to win back trust. In an ASX listing on ...

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Swiftie economist predicts $400m economic boost from Eras tour

Termed Swiftonomics, the economic boost from Taylor Swift’s tour is now occupying the minds of Australian economists as the artist heads to Melbourne ...

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