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Showing 121 - 130 of 497 results for "Spike"

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... ratio) and 10-year subordinated debt of $120 million. In its statement, Nippon Life referenced life insurance industry's spike in income protection claims, COVID-19's impact and high unemployment which put MLC Life's business performance ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... during the period. "Victoria was the exception, with the state implementing stage 4 restrictions in early August due to a spike in COVID-19 cases." Household consumption sans Victoria contributed four percentage points to the September quarter growth. ...

The hits you don't see hurt the most: Aviva

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
... occupancy in central London had only crept up to 25%. That was prior to the city being plunged into a new lockdown to curb a spike in COVID-19 cases. The shift to working from home has presented other real asset opportunities, with digital infrastructure ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... continue until late January 2021 as it works through the final applications. It appears the ATO is anticipating one final spike in last minute applications, as was the case when the second tranche opened in July. Funds will be updated in January to confirm ...

Chief economist update: COVID-19 returns to Europe with a vengeance

BENJAMIN ONG  |  MONDAY, 19 OCT 2020
It won't be long now till we again hear "balcony concertos" - the ones started in Italy back in March this year (and gone viral on cyberspace) when the government imposed a hard lockdown to contain the coronavirus pandemic - for infections in Europe ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
The coronavirus pandemic has wiped out $1.4 billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... show this ratio remaining below pre-COVID levels across the medium-term." Frydenberg said in the near-term, payments will spike as a result of large-scale and temporary economic support, but over the medium-term, the level of payments is likely to remain ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
The Australian Financial Complaints Authority has revealed the breakdown of what was complained about between 3 March 2020 and 31 August 2020. Superannuation complaints were dwarfed by other industries with just 817 of the 7420 total. Travel insurance ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... over the period since inception is $7678 overall and $8426 when considering repeat applications only. The ATO saw a big spike in applications at the start of the new financial year in July as those who had already drawn on their savings were given the ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while a spike in Age Pension expenditure would likely be funded by higher taxes. In light of this, the ISA argued that the promised super ...