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Showing 91 - 100 of 100+ results for "Budget 2020"

RBA measures not solely due to COVID: Treasury

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
The unconventional monetary policy measures launched by the Reserve Bank of Australia are not solely a result of the COVID-19 shock, Treasury Secretary Steven Kennedy said. Speaking to Australian Business Economists for a post-budget briefing, Kennedy ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
"All around the limbo world Gonna do the limbo rock..." - Chubby Checker, Limbo Rock Australian equities and bond markets applauded after the Reserve Bank of Australia (RBA) didn't disappoint expectations, showing just how low it can go. The All ...

The rate that stops the nation

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
Prior to the horses hitting the track many economists are betting on a rate cut by the Reserve Bank of Australia's board today to a new historical low of 0.10%. Finder's RBA cash rate survey found 67% of economists believe the central bank will cut ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
The Association of Superannuation Funds of Australia is suggesting an alternative one-off test to weed out underperforming default funds in place of the government's recent proposals. ASFA's Lifting the Bar proposal will examine MySuper products and ...

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
At the budget estimates this morning, the Future Fund was asked to provide its fee spend by each asset class, instead of the total-portfolio figure it usually reports. The $163 billion sovereign wealth fund uses 'total portfolio approach' meaning ...

Sunsuper cops rating downgrades

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
All four of Sunsuper's superannuation investment options have had their ratings downgraded by Morningstar following its revised ratings framework. The $70 billion industry fund's balanced, growth, conservative and retirement options are now ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
The numbers may be better than market expectations but they still don't diminish the fact that Australia's labour market remains weak. The Australian Bureau of Statistics reported that the country's unemployment rate increased to 6.9% in ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
Senator Jane Hume said the newly-proposed stapling initiatives will force superannuation funds to take better accountability and create a new level of engagement with members. The Assistant Minister for Superannuation, Financial Services and Financial ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review ...

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 ...