POWERED BY MOMENTUM MEDIA
APRA cracks down on governance: Major reforms for funds announced
APRA has announced eight proposals aimed at pushing entities, including super funds, to move beyond treating compliance with certain requirements as a mere box-ticking exercise.
AUTHOR
Maja Garaca Djurdjevic
Global dividend growth doesn’t extend to Australia in 2024
Australia’s decrease in dividends speaks to the country’s overly concentrated market structure, a market note has highlighted.
AUTHOR
Jessica Penny
Cautious optimism amid global trade and rate pressures as economy expands
The modest growth in the Australian economy is being met with cautious optimism though underlying concerns persist amid global trade uncertainties and high interest rates.
Cryptocurrency’s reverse gains despite strong weekend rally
While Donald Trump’s signal of progress on the US administration’s cryptocurrency reserve sparked a brief market rally, broader economic concerns and trade tensions led to an equally sharp reversal.
AUTHOR
Jessica Penny
Stockspot opens ‘ETF-only’ super product to public
The firm is offering Australians lower fees and improved transparency with its exclusively exchange-traded fund (ETF) portfolios.
AUTHOR
Jessica Penny
RBA holds off on committing to further rate cuts
The RBA has signalled a cautious approach to further rate decisions, noting that it does not commit to additional reductions in the cash rate target at future meetings.
AUTHOR
Maja Garaca Djurdjevic
Crypto ‘highly speculative’, says Longo
The ASIC chair has reiterated that while cryptocurrency is “highly speculative” and risky, it is not illegal.
AUTHOR
Maja Garaca Djurdjevic
Bragg demands answers from super funds over US summit costs, compliance
Senator Andrew Bragg has pressed funds that attended the super summit in the US, demanding answers on costs, compliance with their best financial interests duty, and the decision-making process behind their participation.
AUTHOR
Maja Garaca Djurdjevic
Data shows persistent gender pay gap in financial, insurance industry
Despite being considered a “gender-balanced” industry, a new outlook on the gender pay gap in Australia has flagged the ongoing challenges in pay equity in financial and insurance services.
AUTHOR
Jessica Penny
Treasury says ‘we’re testing a hypothesis’ in reference to confidential document
A top Treasury official has shed light on the confidential document that circulated among funds this month, telling Senate estimates Treasury is “testing a hypothesis”.
AUTHOR
Maja Garaca Djurdjevic
