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Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
Multiplying rates of coronavirus infections forced the UK government to impose strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons on March 23. These restrictions were then gradually eased ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
National Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which ...

Super fund chief to retire

JAMIE WILLIAMSON  |  MONDAY, 19 OCT 2020
... three of MySuper investment returns of all funds over those periods." Rainmaker data shows MIESF, established in 1981, is home to about 18,000 members and has $877 million in funds under management.

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... movements as advice firms either review their initial decision or take the first steps towards finding a new licensee to call home," Cullen said. In FY20 the number of advisers increased by 6%. Cullen warned that finding the right licensee to align with ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... increasing the LISTO to cover workers earning up to $45,000. It said the changes would benefit 705,000 women who would take home 60% of the extra payments. ISA said this would make women the biggest winner from the measure. Industry Super Australia and ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

Stanford Brown adds partner

KARREN VERGARA  |  MONDAY, 12 OCT 2020
... boutique and technically rigorous approach are a natural fit and I'm confident both she and her clients will be entirely at home at Stanford Brown."

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
"If not for you Babe, I couldn't even find the door I couldn't even see the floor I'd be sad and blue If not for you" - Olivia Newton-John Yes Olivia, it's the Budget. There might be precious few worrying about the implications of the ...

Retirees value home over super: Research

ANNABELLE DICKSON  |  FRIDAY, 9 OCT 2020
Retirees wish to remain in their own home despite the value of their properties being significantly more than their superannuation balances, new research shows. Household Capital's 2020 Retirement Outcomes survey reveals 73% of homeowners aged over ...

Women focus in Labor budget reply

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
Labor leader Anthony Albanese has put the spotlight on childcare, aged care and social housing when delivering his budget reply speech. Delivering his response, Albanese said Treasurer Josh Frydenberg's budget has left Australians behind. "Our economy ...