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Category: Finance Investment

CA ANZ WELCOMES NEW STANDARDS SET TO BOLSTER INVESTOR CONFIDENCE IN SUSTAINABILITY AND CLIMATE REPORTING

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30 January, 2025   Chartered Accountants Australia and New Zealand (CA ANZ) welcomes further certainty for the accountancy profession, business and retail investors when it comes to sustainability and climate risk assurance in Australia.   The Auditing and Assurance Standards Board (AUASB) approved the Australian Standard on Sustainability Assurance (ASSA) 5000 General Requirements for Sustainability … Continued

With inflation falling, RBA must cut rates

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Today’s inflation figures must prompt the RBA to cut interest rates at its February meeting to ease growing financial distress and keep people in jobs. “With inflation consistently falling and firmly in the target band, it’s hard to justify leaving rates this high,” said ACOSS CEO Dr Cassandra Goldie. “Raising the cash rate has dramatically … Continued

Up to 700,000 retirees could be paying more tax than they should – new research finds

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Thousands of retirees are paying more tax than necessary because they haven’t received basic advice to switch their super into the tax-free retirement phase.  The Super Members Council (SMC) found that around 700,000 Australians over 65 who aren’t working full-time still have an accumulation (savings-phase) account. This means retirees could be paying an extra $650 … Continued

SMC welcomes new service standards for super fund members

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The Super Members Council has strongly welcomed the Australian Government’s plan to introduce mandatory service standards for superannuation funds.  Member service is at the heart of what superannuation funds do. This is a clear way to ensure millions of Australians get the service they rightly deserve by setting minimum service standards that uplift customer service … Continued

EBC Financial Group Partners with Shakti Regeneration Institute to Empower Marginalised Communities and Promote Indigenous Conservation Efforts

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Sponsorship of West Bengal School and Support for Global Environmental Documentary Shines Light on EBC’s Commitment to Education and Sustainability RANAGHAT, India, Jan. 27, 2025 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), a leading global financial brokerage, proudly announces its latest Corporate Social Responsibility (CSR) initiative through a strategic partnership with the Shakti Empowerment Education … Continued

SMEs face cashflow crunch amid rising costs

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    Small-to-medium enterprises (SMEs) across Australia continue to face significant headwinds in 2025 amid challenges driven by a combination of higher interest rates, a tight labour market and the increasing cost of doing business. Recent insights from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) underline the urgency of the issue. Ombudsman Bruce … Continued

BTCC Exchange Unveils Spot Trading Fiesta to Celebrate Altcoin Season

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VILNIUS, Lithuania, Jan. 27, 2025 (GLOBE NEWSWIRE) — BTCC, one of the world’s longest-serving cryptocurrency exchanges, is excited to announce the launch of its Spot Trading Fiesta, a campaign celebrating the altcoin season to come. This highly anticipated campaign allows crypto enthusiasts to earn rewards through social media giveaways, deposit rewards, and trading prizes. The … Continued

INDEPENDENT RESERVE NAMED GLOBAL LEADER IN ANTI-MONEY LAUNDERING

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Independent Reserve has today been named a global leader in anti-money laundering (AML) in the Hoptrail Crypto AML Leaderboards: 2025 Annual Review. The Crypto AML Leaderboard showcases how well Virtual Asset Service Providers (VASPs) are responding to financial crime issues, whether that’s KYC procedures, regulatory issues, integrity concerns, or financial transparency. Independent Reserve was the highest ranking … Continued

Bitget Becomes the Second Largest Crypto Exchange Ecosystem by Userbase

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VICTORIA, Seychelles, Jan. 23, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company has released its 2024 transparency report highlighting one of the most successful years the company has experienced since its launch in 2018 emerging as the second-largest exchange ecosystem by user base. Driven by innovation, strategic business decisions and a … Continued

Q2 FY2025 Update

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Record Total Australian FUA up 29% to $62.1 billion Platform FUA up 32% to $30.2 billion Spectrum inflows of $69 million Key results to 31 December 2024 Praemium reports its funds and flows for the quarter to 31 December 2024. All figures are unaudited. Total funds under administration (FUA) of $62.1 billion (31 December 2023: … Continued