Stephen Jones takes swipe at US protectionism
Outgoing financial services minister Stephen Jones warns of downside risks to the economy from tariffs and slower global growth.
Outgoing financial services minister Stephen Jones warns of downside risks to the economy from tariffs and slower global growth.
The nation’s largest super fund has sold down its stake in WiseTech Global, saying the company which has been embroiled in controversy at a leadership level did not ‘meet expectations’.
Chief investment officer Mark Delaney says greater scrutiny of the $4 trillion super sector is in everyone’s interest.
Blackstone and Cornell Capital have urged investor patience through tariff diplomacy and see opportunities through the turmoil.
ASIC has alleged Falcon Capital gave $45m to three marketing firms to promote First Guardian funds over two years, with at least half coming directly from fund assets.
Over 1.1 million HESTA super fund members won’t be able to switch investments or have contributions processed for two months. Here’s why.
Falcon Capital, under investigation by ASIC, pumped hundreds of millions of dollars into companies associated with director David Anderson.
The super fund has warned any penalty above $2.5m would see members pay at least 30c on the dollar from their retirement savings.
The corporate regulator will seek to wind up a second fund after Melbourne property developer Paul Chiodo was raided by authorities.
More advisers are directing client money into managed accounts but some in the industry question the benefits.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/10