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ASFA ‘strongly supports’ expanding collectively charged advice
The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level of advice.
AUTHOR
Keith Ford
CBA pushes for ‘capped superannuation concessions’
The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap.
Expansion of tariffs to hit US the hardest, AMP predicts
The rollout of further tariffs in the US from August is expected to decrease economic growth in the US in the longer term, AMP and asset managers warn.
Super funds ride broad-based market rally
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
AUTHOR
Maja Garaca Djurdjevic
Superannuation system key to lifting national productivity, says ASFA
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
AUTHOR
Maja Garaca Djurdjevic
Large super balances may need to look beyond the fund to cover new tax
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
‘This is a new RBA’, CBA says following Tuesday’s surprise
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
AUTHOR
Maja Garaca Djurdjevic
Institutional investors ramp up risk as market volatility subsides
Institutional investors have increased their risk exposure over June amid tempered levels of market volatility.
AUTHOR
Adrian Suljanovic
Retail funds hit a record-high satisfaction rate
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
Cash rate remains at 3.85%, Bullock cites ongoing uncertainty
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.
AUTHOR
Maja Garaca Djurdjevic
