Jan 10, 2025 · Vanguard expects Australia's Gross Domestic Product (GDP) will gradually recover and increase by 2% in 2025 after experiencing its slowest growth rate in 32 years during 2024. Vanguard said this improvement will come despite the overhang of sticky inflation and elevated interest rates. Additionally ...

Nov 6, 2024 · Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit cards and deposit accounts, which at 30 June 2024 sat at approximately 25,000 customers, $1.4 billion in loans and credit, and $1.6 billion in ...

Nov 29, 2024 · Bullock acknowledged that inflation has been falling - headline inflation has eased to 2.8% over the year to September, down from 5.4% in 2023 - but said that the bank is waiting to see whether inflation will stay within the 2% to 3% target range. "Despite the decline there is still some way to go to return inflation sustainably within our 2% to …

Nov 20, 2024 · Treasurer Jim Chalmers announced new reforms the government will be rolling out for Australia's superannuation system. Speaking at the annual Association of Superannuation Funds of Australia (ASFA) conference, Chalmers gave an address laying out the reforms, which focus on improving retirement outcomes for Australians.

Dec 3, 2024 · Alan Oster will retire from NAB as chief economist after 32 years in the role, with Sally Auld set to replace him. Oster, who will finish at NAB at the end of March 2025, joined NAB in 1992 and built a respected economics function, the bank said.

Dec 12, 2024 · These services will be rolled out across the manager's public market fund business in Australia, Ireland, Singapore, and the UK, it said. Their partnership began in 2005, with Northern Trust having provided US custody and fund administration services to First Sentier; at the end of 2020, the offering extended to middle office solutions.

Nov 29, 2024 · "The global real assets and private assets (equity and debt) books are sizable with commensurate risks and management needs in terms of liquidity, valuation, and execution, thus requiring more extensive due diligence and a focus on quality partnerships.

Dec 16, 2024 · The 10 th edition of the Billionaire Ambitions Report found the upward trend in the number of billionaires in Australia follows the trajectory of the APAC region.. China hosts the highest number of billionaires at 427, a reduction of 93 from the year prior.

Dec 3, 2024 · Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were frozen by ASIC in June while it investigated potential misconduct.

Nov 11, 2024 · One such issue occurred in the first year of the contract when Iress reported incorrect contributions to the ATO for the 2021-2022 financial year, resulting in 9% of the fund's defined benefit members receiving Excess Contribution Notices stating an incorrect amount. A small number of members acted on the incorrect information and were then forced to engage with ESSSuper and the ATO to arrange ...