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Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... underscored by the resurgence of coronavirus infections in Beijing and Iran recently, and one that's brought closer to home by rising cases (mostly) in Victoria and New South Wales. According to the ABC : "The biggest rise in new cases has come from ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... coronavirus our way came, turning Brexit into dream instead of the nightmare it previously once was and brought closer to home when now reigning Prime Minister Boris Johnson, himself, became infected with the virus. The Bank of England went to work. ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
The industry super fund that is home to several superannuation startups has notified members it will be transferring all accounts to another master trust. LESF Super will be merged into Smartsave 'Member's Choice' Superannuation, with the ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... space currently being fitted out. He also said AustralianSuper's London office is expanding, with staff there in work from home mode. Asked for his outlook as countries start to emerge from COVID-19, Delaney admitted that the near-term view was somewhat ...

Chief economist update: COVID-19 takes second crack at China

BENJAMIN ONG  |  TUESDAY, 16 JUN 2020
... from 26.5 in Feb) rebounded. However, recent news that Beijing has recorded 79 new cases of coronavirus infections brings home the point that it's not over until a vaccine is found or you, I and Irene develops immunity. The second wave has prompted ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... Taxation Office has announced a streamlined approach for tax time to allow people to easily claim tax deductions for work from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support taxpayers ...

2020 MAX Award winners named

JAMIE WILLIAMSON  |  FRIDAY, 12 JUN 2020
... Executive of the Year - Marketing. Meanwhile, Distribution Team of the Year went to Allianz Retire+. Vanguard and Zurich took home two gongs each with Vanguard awarded Integrated Campaign of the Year and Website of the Year, and Zurich taking out Marketing ...

AustralianSuper bets on build-to-rent

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
AustralianSuper has made a significant investment into an Australian build-to-rent developer. The country's largest superannuation fund has purchased a 25% stake in Assemble Communities and will have the opportunity to invest in the company's pipeline ...

Bad news for BDMs despite industry-wide uptick

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... slowed down significantly, with recruitment processes almost doubling in time. It suggested this may be due to the work from home protocols. "As we have progressed through the pandemic, we have started to see some casualties, primarily around non-essential ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... 25%," she said. "In terms of structural shifts, it is too early to determine how successful the adoption of working from home has been. "However, companies now know that with the existing technologies available, certain functions can be done from the ...