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Showing 111 - 120 of 1247 results for "Household"

OECD projects sharp growth deceleration

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
... would peak in late 2021 which has subsequently proven to be wrong. Instead, inflation has continued to rise, eroding household incomes and spending, hitting vulnerable households and emerging-market economies particularly hard. "Further increases in ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... the Australian economy is resilient, he signalled the 0.8% growth in the March quarter and 3.3% growth over the year. "Household and business balance sheets are generally in good shape, an upswing in business investment is underway and there is a large ...

Stuart Robert named shadow financial services minister

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
Stuart Robert has been handed the financial services portfolio in Peter Dutton's shadow ministry, while Angus Taylor is shadow Treasurer and Jane Hume becomes finance minister. Robert has been appointed as the shadow assistant treasurer and shadow minister ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
Collaborating to examine the benefits of insurance offered via superannuation, the Association of Superannuation Funds of Australia (ASFA) and Deloitte have made recommendations as to how it could be enhanced. A joint report titled ' The Future of Insurance ...

Relax rate expectations: Franklin Templeton

CHLOE WALKER  |  FRIDAY, 3 JUN 2022
... What the RBA delivers will be the most significant driver for bond market returns over the year ahead, he added. "With household debt levels at record highs and consumer confidence already weak, a cash rate as implied by current markets would likely ...

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... standards don't go backwards. Further to the ACTU's concerns, the Australian Bureau of Statistics (ABS) revealed that the household saving ratios had fallen. Head of national accounts at the ABS Sean Crick commented: "The household saving to income ratio ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
ASFA's latest insights show the annual increase in the cost of living for some retirees is the largest seen in 12 years. According to ASFA's Retirement Standard figures for the March quarter, Australians aged around 65 living a comfortable retirement ...

S&P launches agribusiness Index

CHLOE WALKER  |  TUESDAY, 31 MAY 2022
Launched in partnership with the ASX, the S&P/ASX Agribusiness Index (ASX: XAG) includes household names such as Treasury Wine Estates, A2 Milk, Nufarm, Elders and Bega Cheese. Much like the above listed, the index comprises companies whose principal ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... past year," APRA said. "The government's large fiscal stimulus in response to the onset of the COVID pandemic boosted household savings along with a stronger engagement with financial advice." Member contributions totalled $6.3 billion for the quarter ...

Industry groups welcome Labor government

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
The Anthony Albanese-led Labor government has been congratulated on its election victory by the Insurance Council of Australia (ICA) and Association of Superannuation Funds of Australia. On the morning Albanese was sworn in as the 31 st prime minister ...