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09 November 2022 • By Keith Ford • 1 min read

GSFM bolsters Sydney-based distribution team

Fund manager GSFM has added to its Sydney-based distribution team with the appointment of an experienced financial services executive to a newly ...

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NAB reports $7.1bn cash profit, helped by higher interest rates

The big four bank has delivered its full-year results. NAB has posted an increase in cash earnings for the financial year ending 30 September to ...

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Rate hikes plunge consumer confidence below GFC levels

Australian consumers are growing increasingly concerned about their finances, with 40 per cent planning to reduce their spending this Christmas

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Rest Super expands State Street custody mandate

Rest, one of Australia’s largest profit-to-member superannuation funds, has reappointed State Street Corporation to provide custodial services

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Former Courtenay House director pleads guilty to $180m Ponzi scheme

Former director of trading firm Courtenay House has admitted guilt to conducting a $180 million Ponzi scheme. Tony Iervasi has pleaded guilty in ...

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Hamish Douglass’ family offloads 13m shares in Magellan

Hamish Douglass’ family has disposed 13 million ordinary shares in Magellan. In an ASX listing on Tuesday, Magellan confirmed it has been notified ...

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Labor plans to axe super tax breaks for wealthy

The Labor government plans to scale back superannuation tax concession for the wealthy. Speaking at The AFR Super and Wealth Summit, Financial ...

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Investors poised to capitalise on burgeoning value stocks

Value stocks are “outperforming” growth equities, new data has revealed, repeating trends observed during previous inflationary periods

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‘It’s not woke’: Larry Fink rallies CEOs with capitalist battle cry

BlackRock boss Larry Fink has warned CEOs not to be swayed by woke agendas and says sustainability is about capitalism — not environmentalism

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Rest eliminates ‘geographic split’ within listed assets team

The super fund has made changes in line with its whole of fund approach. Rest has announced changes within its listed assets team that will see the ...

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