Weekly economic and market update – week ending 21 April, 2023

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Investment markets and key developments Global share markets were mixed and mostly little changed over the last week amidst mixed economic data. US shares fell 0.1% for the week but... Read more continue reading

FAAA broadly supports super concessions consultation but expresses some reservations

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The Financial Advice Association Australia (FAAA) broadly supports the intent of Treasury’s Better targeted super concessions consultation paper to ensure the superannuation tax concessions available to all Australians are fair, reasonable and... Read more continue reading

RBA Review recommendations a positive step but no guarantee against future policy errors

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From a market perspective the main takeout from the review is the establishment of a dual board system: one that makes decisions on monetary policy (setting of the policy rate)... Read more continue reading

Isola Fullerton Global Private Alpha Fund to be launched in Australia in partnership with Mantis Funds

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Mantis is excited to announce that we have partnered with Isola Capital to bring the Isola Fullerton Global Private Alpha Fund (the “Fund”) to Australian investors. The Fund, which is... Read more continue reading

AFCA named one of Australia’s best places to work

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The Australian Financial Complaints Authority (AFCA) has been named as one of the top 5 best places to work in Australia’s financial services sector in a prestigious national ranking. AFCA,... Read more continue reading

Pengana and Soul Patts joins forces to bring private credit to investors and advisers

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Australian diversified fund manager, Pengana Capital Group (ASX: PCG or Pengana), has announced a joint venture with major shareholder Washington H. Soul Pattinson (ASX: SOL or WHSP) to offer Australian... Read more continue reading

Iress repositions and refocuses to drive growth and innovation

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Iress has announced changes to its operating structure and senior leadership teams following a strategic review of its business. The change forms part of the steps the company is taking... Read more continue reading

Lonsec appoints Executive Director Adviser Sales and Service

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Lonsec Holdings has announced the key strategic appointment of Marc Hraiki to the newly created position of Executive Director Adviser Sales and Service. The appointment follows the acquisition of Implemented... Read more continue reading

FAAA statement regarding proposed experience pathway legislation

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The Financial Advice Association Australia (FAAA) welcomes the Treasury’s opening of a consultation period on the proposed experience pathway legislation. Sarah Abood, CEO of the FAAA, says the announcement gives... Read more continue reading

SMSF Association lambasts proposed earnings calculation

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The Government’s proposed model to implement the $3 million tax threshold discriminates against self-managed super funds, says the SMSF Association. In its submission to the Treasury consultation paper, Better Targeted Superannuation... Read more continue reading