RBA recognises ‘painful squeeze’ as it pauses rates; Fund Manager of the Year returns

The RBA has acknowledged the “painful squeeze” that interest rate hikes are having on households was a factor in its decision to pause this month.

Nominations and submissions have opened for this year’s Fund Manager of the Year awards.

The Court found the officers of Linchpin Capital Group and Endeavour Securities breached their duties in managing a $17 million managed investment scheme and did not act in the best interests of members.

In the current inflationary market, the asset manager believes it’s time to re-evaluate bonds, starting by slashing fees on its iShares bond ETF offering in Australia.

Former MLC head of distribution, Rob Dassie, has returned to the firm in the financial advice arm of its life insurance business.

Separately managed accounts on the Macquarie Wrap platform have passed $10 billion in funds under management.

Ian Parkes, a former chief financial officer at Mortgage Choice and Homeloans, has been appointed to the role, replacing Paul Murray.

Given the volatility in domestic and international markets, Australian retail investors can be forgiven for becoming a bit emotional about their portfolios, writes Greg B Davies.