Age-old structure unsuitable for the super industry, says report
The Conexus Institute believes the $3 trillion superannuation industry is struggling with legacy systems and processes ‘unsuitable’ for large financial organisations.
The Conexus Institute believes the $3 trillion superannuation industry is struggling with legacy systems and processes ‘unsuitable’ for large financial organisations.
Australia’s Future Fund is significantly different to the politically charged model Donald Trump wants for the US, but maintaining its strength in our national interest will be closely watched.
Australian travel giant Intrepid has acquired Dutch tour operator Sawadee Reizen in its biggest European expansion move yet, pushing it a stop closer to its ambitious $1bn revenue goal.
The strong performance of the US share market and a falling Australian dollar has helped drive the Future Fund to a record $234bn.
Geoff Wilson has accused the federal government of trying to ‘bribe’ Senate crossbenchers to support its tax increases on super by offering last-minute deals.
As the super sector’s role in short-term bank funding and foreign exchange markets grows, the RBA wants funds to improve their liquidity risk management to fortify against potential shocks.
New York-based analyst Viktor Shvets says the next decade promises to be the most critical in terms of the transition from today’s capitalism to a yet-to-be-defined alternative system.
Improved ties between Australia and China and the reopening of borders for tourism and business travel are driving an upbeat mood for 2025, the year of the snake.
Labor’s proposed tax on the unrealised gains of super funds could cost it the next election, says fund manager Geoff Wilson, who mobilised investors in 2019 against a planned franking credit hit.
Fund manager Jun Bei Liu says dropping interest rates will help boost the sharemarket this year, with sectors such as property and consumer stocks to benefit.
Original URL: https://www.theaustralian.com.au/author/glenda-korporaal/page/4