Budget 2023: NAB 'concerned' RBA will hike again

The major bank's chief economist said the RBA may hike rates further, despite stating he is "worried" the economic slowdown would be sharper than projected in the government's budget.

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Budget 2023: Economic growth to slow to 1.5%

Treasurer Jim Chalmers has warned economic growth is expected to slow to 1.5 per cent in 2024.

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Budget 2023: Chalmers delivers Budget speech

Treasurer Jim Chalmers has handed down his second Budget, outlining how Labor is preparing Australians for its ‘defining decade’ by helping with cost-of-living pressures.

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Big banks bolster bottom lines but pressures persist

Higher interest rates have helped deliver a 10 per cent boost to the major banks’ collective earnings, but weakening economic activity and heightened competition have dimmed the outlook.

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Green or greed: How do Australians view ESG?

While Europe steams ahead with sustainable investment, Australian investors sit on two ends of the ESG spectrum when it comes to sustainable funds, according to ClearBridge.

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Australians favour families’ retirement over inheritance

Amid aged care funding discussions, new research reveals 73 per cent of Australians would be willing to forego an inheritance to let older family members enjoy a comfortable retirement.

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BlackRock and BetaShares expand ETF ranges

Both fund management firms have launched two new exchange-traded funds with a focus on developed markets, infrastructure and real estate trusts.

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Mercer to own BT’s $1.9bn portfolio management service

BT’s Private Portfolio Management business will transition to Mercer later this year, following the acquisition of Advance Asset Management and the transfer of BT Super.

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Former Courtenay House contractor sentenced over $180m Ponzi scheme

Athan Papoulias, former contractor to and promoter of Courtenay House investments, has been sentenced to two years’ imprisonment for his role in the Ponzi scheme.

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Count eyes success as significant wealth player

Count’s chief executive, Hugh Humphrey, has told Money Management he hopes the firm’s rebranding will help it streamline its business as it acquires Affinia and sets out to be a significant player in wealth management.

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