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16 February 2023 • By • 1 min read

Profit, FUM tank at Magellan

Magellan wrapped up a tumultuous half year with a 52 per cent drop in average funds under management.  In an ASX listing on Thursday, Magellan ...

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AvSuper finds new merger partner

The move comes after the merger between the aviation industry super fund and Commonwealth Superannuation Corporation was called off. AvSuper and ...

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AMP reports drop in underlying net profit

AMP says the transformation of its advice business continues to progress. AMP reported an underlying net profit after tax (NPAT) of $184 million ...

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AvSuper and Commonwealth Superannuation Corporation call off merger

AvSuper and Commonwealth Superannuation Corporation have called off their merger. Following a six-month due diligence period, AvSuper and the ...

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‘It’s not just me’: Lowe responds to rate policy backlash

The governor has hit back at criticism over his leadership of the Reserve Bank and defended the monetary policy board’s tightening strategy

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Former WEF exec to chair Zagga ESG committee

Boutique investment manager Zagga has announced the appointment of a chair of its ESG advisory committee. Zagga has appointed former head of the ...

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Unveiling the mega investments of Australia’s top super funds

ASFA and NAB have investigated the biggest holdings of the super sector. Research undertaken by NAB and the Association of Superannuation Funds of ...

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Treasurer directs ACCC to initiative inquiry on deposit rates

The consumer watchdog will investigate how Australia’s banks set interest rates for their deposit products. The Australian Competition and Consumer ...

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$222m in civil penalties resulted from ASIC action in 2022

The regulator has released a summary of its enforcement outcomes last year. A summary of the Australian Securities and Investment Commission’s ...

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HESTA hits 1m members

The fund has celebrated a turning point in its growth in welcoming its millionth member.  HESTA has announced its membership has now surpassed 1 ...

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