Financial Services

Removal of default insurance in super could damage the system for little benefit

KPMG is concerned the Budget announcements surrounding the removal of default insurance in super for people under the age of 25, plus inactive accounts and small balances will damage the overall system for relatively little benefit.

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Superannuation tax concessions: what’s behind the curtain

We do not anticipate much Budget night action in the super tax area – unlike the last two years. But it is worth thinking about Treasury’s recent release on the costs to the public purse of current ‘concessions’ .

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Insurance in super & R&D #Budget2018

KPMG is concerned that the Budget announcements surrounding the removal of default insurance in super for people under the age of 25 will damage the overall system for relatively little benefit.

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A budget of few surprises

This was a budget of few surprises. The main revenue raisers are through the black economy measures – which we welcome.

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An era of industry transformation: Major Australian Banks Half Year Analysis

New KPMG research finds that the Australian major banks (‘the majors’) are facing a challenging new era of industry transformation, reporting a decrease in aggregate profits for the 2018 half year.

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Is Mezzanine debt dead? The growing role of Unitranche funding in the Australian debt market

As private credit markets continue to evolve, the bypassing of the traditional bank market has revealed a range of new debt structuring options for financial sponsors, with the latest trend: unitranche debt.

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Australian companies grappling with accounting standards shake-up

The normally sedate world of accounting is currently undergoing its biggest shake-up since Australia joined the International Financial Reporting Standards (IFRS) regime back in 2005.

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The New Payments Platform’s $19 million superannuation bonus

The NPP (New Payments Platform) is set to revolutionise the Australian payments industry.

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MiFID II impacts Australian listed companies “access” to investors

Research can no longer be distributed without explicit payment and corporate access, when “provided” by a third party must be clearly and commercially priced and cannot be charged to the to the underlying investor.

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Anytime, anywhere banking improving mutuals’ performance

As we move towards a cashless society, customers demand faster and more convenient ways of banking.

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Fintech and digital innovation: the future of banking

How will fintech, one of the fastest-growing sectors in the global financial services industry, fit in and alter the Australian landscape?

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With profits up in the insurance industry digital disrupters key to ongoing success

Australia’s general insurance sector is on the rise after a difficult last couple of years.

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The unleashing of capital raising for mutuals another step for a more competitive financial services sector

The unleashing of a stronger cooperatives and mutuals sector through implementation of the Hammond Review recommendations “will provide Australian consumers with better choices and more cost effective options.”

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