MLC Life Insurance makes senior operational excellence appointment

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MLC Life Insurance has appointed Craig Dainton as General Manager of Customer & Adviser Operations to deliver on the business’s deep commitment to operational excellence and an exceptional total customer... Read more continue reading

Consumers sent 17,000 financial complaints to ombudsman during pandemic

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Consumers took more than 17,000 complaints to the Australian Financial Complaints Authority because of the impact of the COVID-19 pandemic on their banking, insurance and other financial services, AFCA reported... Read more continue reading

Rental vacancy rates rise to 1.2%

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SQM Research has revealed national residential property rental vacancy rates continued to rise to 1.2% in April 2023. This marks the third consecutive monthly rise in rental vacancies. The total... Read more continue reading

US CPI: some slivers of good news but no change in “higher for longer” mantra from the Fed

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Wednesday night’s April US consumer price index (CPI) report does contain some slivers of good news, particularly with regard to reduced price pressure in the services sector. However, the overarching... Read more continue reading

Higher engagement gives rise to more switching considerations: Super Member Engagement Report

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Leading research firm Investment Trends releases 15th edition of its Super Member Engagement Report. Providing an in-depth look at member attitudes, satisfaction and advocacy, as well as how they would... Read more continue reading

ASIC sharpens focus on credit and debt management

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ASIC is warning credit providers and debt management firms that strong, targeted action against predatory lending, high-cost credit and misconduct impacting consumers experiencing financial difficulty is expected in the coming... Read more continue reading

Private capital fundraising driving record levels of undeployed capital

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In a sign of confidence in the Australian private capital industry, aggregate capital raised in the year to 30 June 2022 (FY22) by private equity and venture capital funds more... Read more continue reading

Federated Hermes appoints Head of Distribution for Asia Pacific

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Federated Hermes, a global leader in active, responsible investment management, has announced the appointment of Jim Roland as Head of Distribution for Asia Pacific. Jim will report into Paul Uhlman,... Read more continue reading

The 2023-24 Budget – return to surplus with fastest improvement since end of WW2, cost of living help but structural deficits remain (albeit smaller)

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Key points The budget this year is expected to return to a surplus of $4bn thanks to a continuing revenue windfall. Key measures include cost-of-living support, more spending on aged... Read more continue reading

Government urged to re-open $3 million super tax threshold discussions

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The SMSF Association is urging the Government to re-open industry consultation on the proposed $3 million superannuation tax threshold that was included in tonight’s Federal Budget. SMSF Association CEO Peter... Read more continue reading