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Showing 1081 - 1090 of 1758 results for "Covid"

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... infrastructure, energy and housing. In a statement sent to state governments, relevant department heads and the National COVID-19 Coordination Commission, the AIST identified a range of investment opportunities which it says would contribute to growth ...

Bond investor sues Australian government

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... said. O'Donnell had an internship lined up at the Environmental Defender's Office though it has been delayed by COVID-19. She said she hopes to work in environmental law in the future. Around the same time O'Donnell first heard Barnden's ...

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... of broader systematic issues." Almost all of Macquarie's staff, more than 98%, has been working remotely throughout the COVID-19 pandemic. "The group is now in a gradual, phased and voluntary return to the office in certain locations where it is safe ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... uplift in FUMA and pleasingly, we have continued to attract strong flows into our platforms. That said, the impacts of the COVID-19 pandemic are continuing." However, the total advice remediation provision relating to the ex-ANZ advice licensees is expected ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... notably the ability to cope with a financial emergency increased 9% to a record 5.25 and cash savings up 8% to 5.48. "Fear of COVID-19 and a very weak labour market triggered many households to increase precautionary savings, reduce spending, draw on ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... heightened risk, we now have a stronger sense of how Australia's economy and financial institutions are being impacted by COVID-19." "...In the current environment, banks face additional challenges to their capital resilience, including the material ...

Momentum, quality outperform in 2020: S&P

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
Quality and low volatility indices outperformed during the COVID-19 financial crash, which saw the Australian share market drop 35.9% between February 20 and March 23, according to new research coming out of S&P Dow Jones Indices. During the crash ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
An announcement from the Financial Services Council (FSC) that life insurers would keep their COVID-19 support measures in place until the end of the year doesn't go nearly far enough, a lawyer has said. As part of the insurance response to COVID-19 ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... worries. And all too often, these promises are just pure fiction," Brody said. "With growing financial difficulty due to COVID-19, business will be booming for debt vultures." NAB said that in 2019 20,000 of its customers sought financial hardship assistance ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... (up 19.2%). Meantime, Tasmania came out on top with the strongest job market compared to the decade-average. "Despite the COVID-19 shock, the Tasmanian unemployment is only 7.4% above the decade average," CommSec said. "Next best is Queensland, its 7.7% ...