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Aussie funds management industry 'missing out' on global opportunity

A new report has made recommendations aimed at improving the competitiveness and attractiveness of the local funds management industry globally. The Australian funds management industry has grown to

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AMP and BT CEOs join FSC board

Two new appointments have been made to the Financial Services Council board. On Thursday, the Financial Services Council (FSC) announced the appointment of AMP CEO Alexis George and BT Financial Gro

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Funds better placed to deploy capital after HAFF passage

After recently seeking opportunities offshore, super funds say they are now much better placed to deploy capital in new social and affordable housing in Australia. The Albanese government’s landma

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Lowe announces last rate decision as RBA governor

The RBA has revealed the final rate call with Philip Lowe at its helm. The Reserve Bank of Australia (RBA) elected to leave the cash rate unchanged at 4.10 per cent at its September board meeting, th

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'Shallow recession' still a possibility in Australia, says Janus Henderson

In the global active asset manager’s view, a recession is “not off the table”. Janus Henderson has warned that a “shallow recession” is still on the cards in Australia as the full effects of

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Australia's economy to slow in coming decades as population ages

The government’s upcoming intergenerational report has forecast a slowdown in economic growth amid lower projected population growth and an ageing population. Australia’s real gross domestic produ

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'Short and shallow' recession on the way: Macquarie

The head of wealth management investment strategy at Macquarie has outlined the firm’s expectations for a recession later this year. Macquarie has joined the chorus of voices predicting that a reces

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'New generation' Australian investment manager Blackwattle launches

The fund manager has launched with initial seed capital of up to $60 million. New fund manager Blackwattle Investment Partners has officially launched in Australia with initial seed capital of up to

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Federal budget: Here's what you need to know

Treasurer Jim Chalmers delivered the Albanese government’s second federal budget on Tuesday evening, 9 May, outlining a number of key measures alongside a slim surplus.

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Australians are 'hungry for advice' amid ongoing market volatility: Survey

EY has observed a growing appetite for advice in Australia and globally. Nearly half of wealth management clients in Australia and globally have indicated that they are seeking more advice across inve

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