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Showing 1241 - 1250 of 4013 results for "Accounts"

Morningstar upgrades four, downgrades 10

ALLY SELBY  |  THURSDAY, 3 SEP 2020
... The changes are attributable to Morningstar's revised analyst ratings methodology, which it says, more explicitly accounts for historical performance of funds against their category index, as well as individual fund-level fees. "We take a medium- ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... already feeling it deep right through our bone marrows - but the Australian Bureau of Statistics' (ABS) latest National Accounts report made it official, Australia is in recession! Australian economic growth contracted by 7.0% in the June quarter ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... quarters of economic contraction, officially marking the nation's first recession since 1991. The release of national accounts confirmed the Australian economy has experienced its sharpest ever three-month contraction - driving it to its weakest ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... retirement, respectively. ISA analysis shows more than 600,000 people accessing their super early have completed drained their accounts, with the vast majority of these being those under 35 years old. "The findings are a stark warning against changes ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... letters signed by its head of people and culture Sandy Rimagmos, alerting them of the SG shortfall remediation to their accounts, with a 10% p.a. interest on net shortfall as stipulated by the ATO. According to the letter, ACSRF enlisted KPMG to conduct ...

Financial Standard launches FS Sustainability

STAFF WRITER  |  TUESDAY, 1 SEP 2020
... publication with Financial Standard and its suite of journals - FS Advice, FS Super, FS Private Wealth and FS Managed Accounts. The Sustainability Report was acquired by Financial Standard 's owner, Rainmaker Group, in October 2019. The Sustainability ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... impact of the evolving external environment on: liquidity and investment risk, defined benefit funds, the loss of member accounts, and the operational resilience of key service providers such as administrators. Across the broad, chair Wayne Byres said ...

Former adviser faces fraud charges

ALLY SELBY  |  MONDAY, 31 AUG 2020
... representative. The corporate watchdog alleges that between 2015 and 2017, Gordon withdrew a total of $502,000 from the bank accounts of six of his self-managed superannuation fund clients, without authorisation. Between 2016 and 2018, Gordon subsequently ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... sectors." The RAB said falls in nominal interest rates and the deregulation of the financial system, mostly in the 1980s, accounts for most of the rise in household debt in Australia and globally. "Further, stronger real income growth in Australia compared ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... likely to be a substantial increase in the number of insolvencies. "The terrible combination of drained superannuation accounts through early release and dried up super contributions from employers can have a devastating impact on retirement savings," ...