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Showing 1031 - 1040 of 1756 results for "Covid"

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... Challenger this morning reported $416 million in statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic. The -$416 million statutory NPAT is a stark contrast to previous years, where it reported $308 million ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most. The COVID-19 crisis has seen a surge in demand for financial advice on issues relating to redundancies, retirement, life insurance ...

Impact investing seeks to address racial inequality

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... in communities of colour by backing small businesses and key social services - many of which are suffering as a result of COVID-19. "Issues of access and opportunity in American communities require bold new thinking to drive measurable change in community ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... of the government's Early Release of Super (ERS) scheme. Part of Grattan's modelling found that millions who accessed the COVID-19 ERS scheme, and don't top up their savings, will be more reliant on the pension and still have less income in retirement. ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... ensure assets are promptly written down should the cash flows of an asset be negatively impacted directly or indirectly by COVID-19 restrictions and that estimates are developed on a sound and reasonable basis, and that they consider whether past performance ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... nation's growth. For sure and for certain, risks remain for as long as the rest of the world isn't able to contain the COVID-19 pandemic. This is evident in countries such as Vietnam and Japan that were able to control transimissions early but ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release of super (ERS) claims. ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... Early Release of Super scheme, which he said helped increase engagement by individuals with their super. "At the same time COVID-19 Early Release has, somewhat ironically, proved a great engagement mechanism for fund members; and we've seen some politicians ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
Real estate investment trust GPT Group has bled $519.1 million after tax for the first half of the year, pointing to COVID-19 related negative property movements for the heavy losses. All properties in the trust were independently valued during the ...