Australia’s wealthiest reap the benefits of economic growth

Data from think tank the Australia Institute has found massive disparity among income earners, with the bottom 90 per cent of Australians receiving just 7 per cent of economic growth per person since 2009.

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Higher risk premiums renew interest in hybrid bonds

The recent write-off of Credit Suisse’s AT1 capital notes has made the asset class more lucrative for investors, according to Robeco.

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Almost half of AFA team to depart ahead of FPA merger

Almost half of the Association of Financial Advisers’ board and leadership team have opted to leave as the organisation transitions to the Financial Advice Association of Australia.

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AMP appoints deputy chief economist

Senior economist Diana Mousina has been promoted to the role of deputy chief economist, working alongside Shane Oliver.

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Management changes as SG Hiscock takes over abrdn funds

SG Hiscock has announced management changes to the abrdn Australian Equity funds following the announcement of a strategic partnership between the two firms.

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Strong bond returns prompt Vanguard fee cut

Vanguard has cut fees on its Australian fixed income ETF as Australian bonds post their highest quarterly return in a decade.

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‘Prudent’ pause does not point to hiking halt: Lowe

The RBA remains open to further rate tightening amid speculation of an end to the cycle.

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Challenger sells CRE real estate business

Challenger has announced it will sell its Australian real estate business, CRE, to Elanor Investors Group for $42 million.

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New FAAA members to dominate FAR

If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the various different licensees.

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Where do Australian equities stand against 2023’s choppy waters?

With market volatility and interest rates keeping investors on their toes, equity managers say they’re keeping a close eye on how the asset class performs over the next 12 months.

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