As global pension assets hit record highs, Australia’s growth in the sector positions it to potentially overtake other nations in coming years.
CBA forecasts an 80 per cent chance of a 25 basis point rate cut next week, citing softer inflation data, while acknowledging that future policy decisions depend on incoming economic indicators.
Australians “overwhelmingly distrust” the Albanese government on superannuation taxes, and are on the fence regarding the opposition, the Financial Services Council has revealed.
APRA has announced further action to address concerns identified with the trustee of Cbus, while also revealing an investigation is underway into the possibility the fund breached the SIS Act.
The Better Targeted Superannuation Concessions was once again dropped from the schedule.
AMP is the latest super fund to expand into digital advice with the launch of a new retirement planning tool.
Cbus has exited its investment in Bright Energy Investments, a major player in the renewable energy sector based in Western Australia.
The $74 billion fund has welcomed an experienced CIO to lead its investment strategy.
Global X believes the yellow metal could soar as high as US$3,000 this year, with market flows leading the charge.
While Australian companies could face starkly different climate-related reporting regimes depending on which way the election swings, a sustainable investment specialist says ESG is poised to “mature”, not disappear.