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20 October 2022 • By Jon Bragg • 1 min read

Challenger offloads banking arm to NZ’s Heartland

Following a strategic review, Challenger has decided to sell its banking arm. Challenger has signed a share sale agreement with New Zealand’s ...

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‘Milestone’ super fund data unveiled

For the first time, APRA has published data on the number and types of products and investment options available in the super industry. New data ...

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Recession or slowdown ‘a price worth paying’ for central banks

A global asset manager has predicted that most developed economies will experience a recession over the next year as central banks continue tackling ...

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Jobless rate holds steady at 3.5%

The Australian Bureau of Statistics has released its latest labour force data. The seasonally adjusted unemployment rate held steady at 3.5 per ...

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Big 4 banks make budget predictions

With Labor’s first budget only days away, the major banks have all released previews of what to expect. The Labor government will hand down its ...

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Super fund appoints new head of financial advice

UniSuper has appointed Andrew Gregory as the head of financial advice and education in a move to beef up its advice offering. With an extensive ...

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Magellan announces board addition

David Dixon is set to join the board of the fund manager. Magellan Financial Group has appointed David Dixon as a non-executive director and deputy ...

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ClearView expands national distribution team

Five appointments have been made by the financial services company. ClearView Wealth has announced three new life insurance hires and two internal ...

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Investors are changing their perception of ESG amid Russia-Ukraine conflict

An increasing appetite for defence stocks is reversing an investor trend away from the sector that resulted from growing ESG focus. Gone are the ...

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Australian Ethical sees slight dip in FUM

The ethical investment manager maintained positive net flows in the September quarter. Australian Ethical has reported a 0.4 per cent decrease in ...

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