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07 February 2023 • By Maja Garaca Djurdjevic • 1 min read

Predictions swirl ahead of first RBA meeting of 2023

Multiple predictions are swirling ahead of the Reserve Bank of Australia’s (RBA) first interest rate meeting of the year. This afternoon, the RBA ...

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Opposition accuses government of abandoning surplus goal, risking economic stability

The Shadow Treasurer has accused the Labor government of giving up on a budget surplus.  With the next federal budget now roughly three months ...

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Mercer proposes $3.4m balance cap to improve fairness in super system

A super balance cap is among five recommendations made by Mercer. Mercer has urged the federal government to introduce a maximum superannuation ...

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Magellan reports uptick in FUM

The fund manager has experienced a positive start to 2023. Magellan Financial Group had $46.2 billion in funds under management (FUM) as of the end ...

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Don’t confuse tax change for tax reform, government told

As the Federal Budget approaches, The Tax Institute has urged the government not to confuse tax changes for tax reform.  The Tax Institute has ...

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Sustainable fund flows recover following turbulent 2022

Investor appetite for sustainable funds has returned after waning in response to market volatility in 2022, according to Morningstar. A new ...

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Regulator ups crypto enforcement measures, token mapping begins

ASIC is increasing the size of its crypto team. In an update on how the government intends to make crypto safer for consumers, the Minister for ...

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Aware Super furthers global expansion with staff reshuffle

Mr Webb will continue in his current role during the transition. Damien Webb, Aware Super deputy chief investment officer, has been named head of ...

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Why a 40 bp rate hike may be on the cards this month

CBA has looked at the most likely scenarios for the RBA’s first meeting of the year. While a 25 basis point (bp) hike is seen as the most likely ...

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Super funds exceeding $5m don’t meet objective, minister hints

Minister Jones has confirmed that the government will launch a paper on the objectives of superannuation “very, very soon”.  The Minister for ...

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