Chalmers signals rising deficit as weak Chinese economy hits Australia
Weakness in the Chinese economy is set to weigh heavily on Australia’s budget, with mining exports expected to be downgraded by about $100 billion and company taxes by $8.5 billion over the next four years.
Treasurer reveals full RBA composition ahead of March start
The Albanese government has appointed two prominent Australians to the Reserve Bank’s new monetary policy board and revealed the full composition of both boards ahead of the 1 March start date.
Morningstar adds super research principal
The research house has hired an experienced product specialist for its Australasian team.
AUTHOR
Jessica Penny
AMP’s ‘innovative’ approach to crypto welcomed by bitcoin industry
A local crypto exchange has welcomed AMP’s foray into the crypto space with its bitcoin allocation.
IFM Investors, ISPT finalise $240bn merger
IFM Investors is welcoming the addition of ISPT’s real estate assets to its platform on the back of its latest merger.
AUTHOR
Jessica Penny
Industry funds increase allocation to equities
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
AMP confirms foray into bitcoin
AMP has made its first foray into bitcoin, confirming a modest allocation to the cryptocurrency, according to its senior portfolio manager.
Super funds eye 25k retirements annually, ramp up investment in digital transformation
Superannuation funds are ramping up investments in digital transformation, focusing on improving member experiences and addressing the growing demand for retirement guidance.
Super funds embrace AI to enhance operations and member services
Superannuation funds are cautiously integrating artificial intelligence (AI) into their operations, leveraging its potential to streamline processes, improve decision making, and enhance customer service, according to a new report.
Super funds fortify cyber security amid growing digital threats
Superannuation funds are stepping up their cyber security efforts as reliance on digital infrastructure exposes them to growing risks of cyber attacks, according to new research from JP Morgan.
