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06 July 2022 • By Maja Garaca Djurdjevic • 1 min read

Economists tip third consecutive 50-bp rate hike

Economists are expecting another 50-bp rate hike in August. The official interest rate is expected to rise to 1.85 per cent in August, with a third ...

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Diverger acquires stake in ‘leading’ financial planning practice

Diverger Wealth Holdings, wholly-owned subsidiary of Diverger Limited, has executed a 35 per cent equity interest in McGregor Wealth Management (MWM)

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Magellan to lose another long-serving employee

Another long-serving employee has announced his departure form Magellan. Frank Casarotti, head of sales and distribution at Magellan, has announced ...

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BlackRock appoints new head of iShares and index investments

Jason Collins has been appointed as head of iShares and index investments at BlackRock Australasia for the Australian and New Zealand region, ...

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ASIC updates guidance on superannuation forecasts

The regulator has provided guidance for super calculators and retirement estimates alongside the release of a new legislative instrument

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Rest expands responsible investment mandate

The super fund has expanded its mandate with a focus on carbon reduction.  Rest has announced an expansion to its sustainability mandate with ...

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PPS Mutual appoints business development manager

The specialist insurance company has expanded its Queensland team. PPS Mutual has announced the appointment of Brynley Williams to the role of ...

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ASX records worst fall in over two years

Declines were seen in almost every sector during June. The benchmark S&P/ASX 200 has suffered its biggest monthly decline since March 2020 ...

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RBA hikes as inflation battle continues

The Reserve Bank of Australia has announced its first rate call for this financial year. Following its decision to lift rates by a widely ...

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Over $700m lost to investment scams in 2021

Record levels of scam activity were seen in Australia last year. Australians lost a total of $701 million to investment scams during 2021, a jump ...

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