DomaCom announces $3.6m placement as part of a $16.6m recapitalisation proposal with potential $300m additional FUM

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Highlights DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘Company’) has entered into a placement agreement with FQC Fintech 2 Pty Ltd to raise approx. $2 million. AustAgri Group Limited (AAGL) has agreed to... Read more continue reading

Lonsec retains ‘Highly Recommended SMA’ rating for DNR Capital 

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Lonsec Research (Lonsec), a leading investment research house, has once again awarded the highest rating – ‘Highly Recommended’ – to two DNR Capital investment products – the DNR Capital Australian Equities... Read more continue reading

Australian investors expecting 8.9% returns over next five years

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Australian investors expect an annual return of 8.9% from their investments over the next five years, lower than global investor expectations of 10.9%, according to the latest Schroders Global Investor... Read more continue reading

Increasing SMSF members from four to six gets green light

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The SMSF Association welcomes the introduction of a Bill into Parliament that will increase the maximum number of allowable members in a self-managed superannuation fund (SMSF) from four to six.... Read more continue reading

Raiz backs Parliamentary inquiry rejecting calls to ban screen-scrapping

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Raiz Invest, Australia’s largest mobile-first financial services platform, has welcomed the findings of a parliamentary committee that has rejected calls for an outright ban on screen-scrapping,  acknowledging that it found... Read more continue reading

Coronavirus recession leads to biggest drop in Aust GDP on record (and worst since Great Depression)

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Australian GDP fell by 7% in the June quarter, which was worse than the latest market expectations (the economist consensus was for a 6% decline), but better than had been... Read more continue reading

AMP announces portfolio review

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The AMP Limited Board has announced it will undertake a portfolio review of the Group’s assets and businesses. The Board remains committed to AMP’s transformation strategy and is confident that... Read more continue reading

Australia’s dive into recession means we must roll-out a new growth plan for the next decade

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The release of latest economic data confirming that Australia is now officially in a COVID-19 induced economic recession should serve as an important catalyst to roll-out a comprehensive growth plan... Read more continue reading

Australian economy expected to take until Q1 2022 to recapture end of 2019 levels

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Market review A dovish monetary policy shift by the US Federal Reserve (Fed), with an elevated focus on full employment and shift towards a 2% average inflation target, buoyed risk... Read more continue reading

FASEA releases draft amendments to the Education Legislative Instrument

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During the course of 2020 FASEA has announced the approval of a number of current degrees and bridging courses and the recognition of prior learning of advisers through the approval... Read more continue reading