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Showing 1121 - 1130 of 3275 results for "April 2018"

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
Since the beginning of the year, America's wealthiest billionaires have seen their wealth increase by millions, with eight seeing their net worth surge by more than US$1 billion dollars. The latest research from the Institute for Policy Studies revealed ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
Bad timing it may be but, it is what it is. The coronavirus pandemic struck just when the dark clouds of Brexit uncertainty lifted over the United Kingdom. For the best part of three years, Brexit was on every Brits mind - dampening business investment ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
The financial services industry in Australia is one of the lucky ones right now with businesses still operational but while firms seem keen to hang on to their people, pay cuts are commonplace. April insights from financial services recruiter Profusion ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
The suspension of MyPlanner Professional Services' AFSL is on ice as the Administrative Appeals Tribunal reviews ASIC's decision. It comes after the corporate watchdog suspended the advisory firm's AFS licence on February 12 on the grounds ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... among consumers. The Westpac-Melbourne Institute index of consumer sentiment plummeted by 17.7% to a reading of 75.6 in April - the biggest monthly decline in the survey's 47-year history -- from 91.9 in March. Reserve Bank of Australia (RBA) governor ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
APRA is set to name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme. APRA has launched new data collection to assess the progress and impact of the government's temporary early ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based on the IMF's April "World Economic Outlook" report, the worse is yet to come, with the unemployment rate lifting to 10.4% this year and only ...

Oil tanks

BENJAMIN ONG  |  TUESDAY, 21 APR 2020
... supply - in May and June. Not enough to arrest the slide in oil prices. According to the International Energy Agency's April "Oil Market Report, "Global oil demand is expected to fall by a record 9.3 mb/d year-on-year in 2020. The impact of containment ...