SBS News In Depth

Strong super returns meet a new oil price shock

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jakson Strong super returns meet a new oil price shock kansikuva

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Australian superannuation funds have delivered another year of strong gains, with Chant West reporting the median growth option returned 9.5 per cent in the last financial year, lifting cumulative returns to 44 per cent over four years. Mano Mohankumar, Head of Super Investments at Chant West, explains what drove the better-than-expected performance and why diversification continues to pay off. Plus, Raymond Chan, Head of Asian Desk at Morgans, unpacks a flat session for the Australian sharemarket as technology stocks weakened on China's latest AI developments while energy shares rallied after Brent crude climbed above US$90 a barrel, and explains what he's telling clients amid the latest market volatility.

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jakson INTERVIEW: Is Andy Burnham the answer Britain didn't know it was looking for? kansikuva

INTERVIEW: Is Andy Burnham the answer Britain didn't know it was looking for?

Andy Burnham took office on Monday as Britain’s new prime minister, promising a 10-year plan to restore political stability and revive the economy while acknowledging that six other UK leaders have tried and failed to do so in the past decade. Speaking after being formally appointed by King Charles III, Burnham pledged to ease the cost of living for ordinary people, decentralize political power, revitalise industry and end street sleeping by homeless people. He said he would deliver a “circuit breaker” for a system that has taken wrong turns since the 1980s, when public services and utilities were privatized and local government eroded. Tim Bale, professor of politics at Queen Mary University of London, told the Associated Press that Labour may have backed Burnham - but he faces some challenges to persuade the rest of the country to do the same.

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