Petrol hits record highs before easing…for now

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Weekly oil market update According to the Australian Institute of Petroleum, the national average unleaded petrol price rose by 14.9 cents a litre last week to a record high of... Read more continue reading

AIA selects Midwinter advice software for new Financial Wellbeing business

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Midwinter Financial Services Pty Ltd (Midwinter) has announced that AIA Australia has selected its advice software for their Financial Wellbeing business. AIA Financial Wellbeing is a new advice business offering... Read more continue reading

ASIC issues information for social media influencers and licensees

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ASIC has published an information sheet about discussing financial products and services online. It outlines how the law applies to social media influencers, and the licensees who use them. ASIC... Read more continue reading

RE Equity Trustees announces Nanuk New World Fund’s launch as an ETMF on the ASX

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Equity Trustees, Responsible Entity for the Nanuk New World Fund [ASX: NNUK] announced the Fund is now listed as an Exchange Traded Managed Fund (ETMF). Established in 2015 as an... Read more continue reading

Weekly economic and market update – week ending 18 March, 2022

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Investment markets and key developments The past week saw share markets rebound helped by optimism about a peace deal in Ukraine, a fall back in oil prices, relief that the... Read more continue reading

ASIC helps young people Get Moneysmart

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57% of young people want to learn more about investing, 54% want to make the most of their money, and now, more than ever, young people are visiting ASIC’s Moneysmart... Read more continue reading

The US Federal Reserve starts raising interest rates – implications for Australia and investors

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Key points The Fed has finally joined other central banks in raising interest rates, taking the Fed Funds rate from a range of 0-0.25% to 0.25-0.5%. This was well flagged... Read more continue reading

New aggressive stance from the Fed and implications of today’s labour force data release

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Federal Open Market Committee (FOMC) increases the policy rate by 25bps – Fed ‘dot plot’ now better aligned with aggressive market expectations. Quantitative tightening (QT) to be announced at a... Read more continue reading

Who Would Be An AFSL? – The Court’s Review Of Section 961L

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On 2 August 2021, the Federal Court handed down its decision in the matter of Australian Securities and Investments Commission v RI Advice Group Pty Ltd (No 2) (2021) FCA 877. Background... Read more continue reading

Equity Trustees appointed RE and Custodian for Metrics retail fund 

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Equity Trustees has been appointed Responsible Entity (RE) and Custodian for the Metrics Direct Income Fund (Fund) which is managed by Metrics Credit Partners (Metrics), a leading Australian non-bank corporate... Read more continue reading