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Showing 91 - 100 of 669 results for "September quarter"

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... the early release of super scheme (ERS) which came into effect on 20 April 2020. SMSFs also lost out in the September quarter with assets falling 4% compared to last year, coming in at $728.2 billion compared to $758.5 billion.

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... according to the Association of Superannuation Funds of Australia (ASFA). ASFA published its Retirement Standard September quarter 2020 figures which indicate that couples aged around 65 living a comfortable retirement need to spend $62,083 per year ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... latest figures from the Australian Bureau Statistics (ABS) shows wages are up slightly from last year. "The September quarter is generally a quarter of solid wage growth, however, the impacts of the COVID-19 pandemic contributed to a subdued rate of ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Commonwealth Bank of Australia reported a decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The ...

Connie McKeage to step back at OneVue

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... reported $14.5 million in net profit after tax for the three months ending September, compared to $14.6 million in September quarter last year. Year to date NPAT was $40.1 million, down 11% compared to the same period last year. Operating revenue grew ...

Chief economist update: China's vote for US president

BENJAMIN ONG  |  THURSDAY, 5 NOV 2020
... 2020 quarter, China's GDP expanded by 3.2% in the June quarter and strengthened even more to 4.9% in the September quarter. Latest PMI surveys indicate that the fourth quarter would be equally strong or stronger. The Caixin China General Composite ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... forecasts. "In Australia, the economic recovery is under way and positive GDP growth is now expected in the September quarter, despite the restrictions in Victoria. It will, however, take some time to reach the pre-pandemic level of output. In the central ...

Lift in financial services jobs

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... recovery, particularly in the financial services industry, which recorded a 21% rise in hiring activity in the September quarter. Overall, the job market rose by 15% mostly driven by the demand for casual employment, according to Sunsuper's latest ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... Guy Debelle implicitly told a Senate Estimates virtual hearing when he said :"At the moment it looks like the September quarter for the country probably recorded positive growth rather than slightly negative." The Australian economy fulfilled the technical ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
AMP has reported a tough September quarter that saw several clients exit, leaving many business units with lower cash flows. The latest quarterly update shows subsidiary AMP Capital lost $1.1 billion as a result of client redemptions and "run-off of ...