Bitcoin and AI pay off for AMP Super members
AMP has delivered in excess of 15 per cent returns for its MySuper superannuation customers, as investments in US and global equities with exposure to AI adoption paid off.
Financial Services
Annuities competitor needed for retirees, says Challenger
Retirement income giant Challenger monopolises the annuities sector and yet its chief executive says it desperately needs more competition to provide retirees with better options.
20pc of employers suspect they’re paying staff wrongly
Scores of bosses in finance, telecommunications and construction could be at risk of jail time and huge penalties, a survey suggests, as wage theft is criminalised in Australia.
Expect widespread capital raising across the local market
Activity across the technology, digital infrastructure, energy and real estate sectors is set to underpin robust local capital raising.
Ignoring super app costs Aussies hundreds of thousands, says ART
About 77 per cent of the nation does not check their super app regularly while 28 per cent are yet to download it and that neglect is expensive, says Australian Retirement Trust.
Why industry super’s about to cop a whole lot more pressure
Industry super, once the little brother to retail funds, has grown up bigger and stronger – and now scrutiny of its investment behaviour and financial links is about to get a whole lot tougher.
Sputtering miners, surging banks hold key to 2025 market
Banks were some of the best-performing large stocks of 2024 and iron ore producers were among the worst. These heavyweights are likely to again be the biggest drivers in 2025.
Co-operatives address the community’s needs
It has never been more important for mutuals and co-ops to find ways to serve their members and the community.
Super funds lock in double-digit returns for 2024
Super fund balances have had one of the best years in the past decade as those with exposure to international shares enjoy double-digit returns.
High-risk strategies pay off in bumper year for super funds
Super funds are on track for strong returns for the year but some of the best long-term outperformers have been overshadowed by more aggressive growth funds.
Woolworths car insurance customers overcharged
Customers with Woolworths’ Everyday car insurance will be getting refunds after the retailer discovered it had been overcharged by its underwriter for years.
PwC tax scandal shows ‘threat to democracy’
Labor senator Deborah O’Neill says the scandal surrounding consulting giant PwC Australia reveals ‘spiderweb-like global networks’ working to defeat good governance.
SunRice booms on selling Aussie rice to the world
SunRice is well along the path of cracking more than $2bn and becoming one of Australia’s biggest food exporters – and investors have been piling in.
Scandals, takeovers, Swiftenomics: 2024 was a year to remember
The good, the bad and the ugly – 2024 was an eventful year for investors. We look back on the stories which made headlines and broke hearts.
There’s a lot to be optimistic about in 2025: Citi Australia
Mark Woodruff, the local boss of US banking giant Citi, says market conditions are turning positive for the coming year.
Howzat! Behind DAZN’s quest to become Netflix of sport
The UK sports streaming operator has big plans for the way the world watches sport – and Foxtel is set to become a key part of this.
Westpac admits overcharging nearly 25,000 NZ customers
The banking giant faces a hefty fine after it misled NZ customers entitled to advertised discounts and overcharged some of them.
Investors dump EML shares after board parts ways with CEO
The payments provider says alternative leadership is needed to oversee its ambitious turnaround strategy after sacking US-based CEO Ron Hynes following a brief tenure.
Nation’s banks must do much more for small businesses
Running a small business in Australia is tough, fraught with risk and close to half of them fail within the first three years. So what can be done to help them?
ASX opens after weekend technology crisis meetings
The accident-prone market operator ASX spent the weekend scrambling to fix a glitch in its settlements system and talking to angry market participants.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/2