The Financial Services Council and Financial Advice Association Australia have welcomed the 2023 budget from Treasurer Jim Chalmers but feel there is a lack of information for advisers.
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.
Treasurer Jim Chalmers has warned economic growth is expected to slow to 1.5 per cent in 2024.
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.
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.
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.
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.
Both fund management firms have launched two new exchange-traded funds with a focus on developed markets, infrastructure and real estate trusts.
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.
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.
