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Showing 1431 - 1440 of 4513 results for "Saving"

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
The Early Release of Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to ...

Aussies reevaluate retirement prospects

ALLY SELBY  |  MONDAY, 3 AUG 2020
New research has revealed Australians are feeling significantly less confident about their retirement prospects, with many fearing they will have to work longer in the wake of the COVID-19 crisis. Surveying 1000 Australians in June, the CFS Retirement ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... than accounted for by an increase in personal current transfer receipts (notably, government social benefits). Personal saving as a percent of disposable personal income was 25.7 percent in the second quarter, compared with 9.5 percent in the first quarter," ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
The Prime Minister has said it is not the government's place to tell Australians how to spend the money they have removed from super due to the Early Release of Super (ERS) scheme. Speaking at a press conference Prime Minister Scott Morrison said the ...

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
A global pandemic and subsequent market volatility have hit wealth manager AMP, taking a near 50% profit hit compared to the same period last year. AMP provided an update on its 2020 interim operating earnings to the ASX, citing the impact from market ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
The UK's National Employment Savings Trust, known as NEST, will immediately shift close to half of its entire portfolio to climate aware strategies and begin divesting from companies involved in thermal coal, oil sands and arctic drilling. NEST ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
The Australian Institute of Superannuation Trustees has pushed for greater regulatory reform, in a bid to scale up super fund investment in infrastructure, energy and housing. In a statement sent to state governments, relevant department heads and the ...

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... geographic diversity and ability to adapt its portfolio mix to changing market conditions, ongoing programs to identify cost saving initiatives and efficiency, strong and conservative balance sheet and proven risk management framework and culture," Wikramanayake ...

Watchdog warns of celebrity-endorsed bitcoin scams

ALLY SELBY  |  THURSDAY, 30 JUL 2020
ASIC has uncovered several cryptocurrency scams using Australian celebrities, prominent news sites, and government agencies to reel in investors. Endorsements from celebrities and business figures such as Waleed Aly, Mike Baird, Celeste Barber, Andrew ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... he said. More than half of households spent less than they earned each month, up 8% to the highest level of households saving in the survey's history. However, Oughton warns this cautious behaviour and a lack of spending may cause a negative knock-on ...