The Grattan Institute has urged the federal government to directly provide annuities to retirees, saying only public intervention can ensure superannuation delivers secure incomes for life.
Australia’s annual inflation has risen again, clouding prospects for rate cuts and raising doubts over whether underlying pressures are easing or stalling.
The super fund trustee will fully remediate all of its members the entirety of what they had invested in the Shield Master Fund, admitting to contraventions of the Corporations Act.
Credential stuffing attacks have heightened cyber risks in the super sector, prompting regulators to demand stronger identity protections to safeguard members’ retirement savings.
Passive investing is reshaping Australian equities, giving rise to a “no information trade” in which large-cap stocks swing sharply despite little or no fresh news.
One of Australia’s largest super funds has announced a new CEO.
Industry bodies have welcomed ASIC’s interim private credit report, signalling a push for stronger governance and clearer standards across the sector.
RBA governor Michele Bullock warns of global trade risks as domestic inflation cools and employment remains near full capacity.
AMP chief economist Shane Oliver says investors should treat both extremes with scepticism after a week of starkly different climate projections.
The federal government’s new 2035 climate target is being billed as a signal to investors that Australia is serious about mobilising capital for the transition to net zero.