More than tax breaks needed for big mergers

Several submissions to the ‘Storm Financial’ parliamentary enquiry have suggested the Government create its own, low-cost public offer super fund. The threat of that sort of monolithic competition might finally make a few more mergers happen, creating cost savings and service expansions for more members to enjoy. 

 

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What I took away from the world’s ‘festival of private capital’

The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.

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