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01 September 2023 • By Jon Bragg • 1 min read

ASX slips in August as consumer discretionary sector outshines

Australia’s benchmark index ended the month lower, with utilities ranking as the worst-performing sector. After rising by almost 3 per cent in ...

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Zagga launches unitised CRED fund in response to adviser demand

The firm has provided wholesale investors with a non-traditional channel into the private debt sector. Boutique investment manager and non-bank ...

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Draft legislation on super objective released for consultation

The government has initiated a new round of consultation towards enacting an objective of super. The government is consulting on the Superannuation ...

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Shadow minister challenges Labor’s super proposal

A senior Opposition member has identified holes in the government’s objective of super proposal. Jane Hume, shadow minister for finance, stressed ...

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Failing the performance test: Insignia, AMP and ART respond

Insignia, Australian Retirement Trust and AMG Super are among those whose products have received an F from the prudential regulator. Firms impacted ...

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Investor confidence hits 18-month high

Global investors have ventured their furthest into risk-seeking territory since February 2022. State Street’s Global Investor Confidence Index ...

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Sequoia posts lower revenue and profit following ‘year of transition’

FY23 tested the resilience of the financial services industry, according to Sequoia. Sequoia Financial Group has reported a 10.7 per cent decrease ...

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More than 1 in 10 trustee-directed products fail APRA’s performance test

The regulator has released the results of its latest superannuation performance test. The Australian Prudential Regulation Authority (APRA) has ...

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Inflation data gives RBA another reason to pause, but risks ‘haven’t entirely abated’

The latest monthly CPI indicator has led to a consensus among most economists regarding the RBA’s next move. Inflationary pressures continued to ...

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Future Fund highlights concerns about Goldilocks scenario amid global slowdown

The sovereign wealth fund says recessions remain a risk in developed economies. The Future Fund has downplayed the possibility of a so-called ...

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