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Showing 131 - 140 of 501 results for "Spike"

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 ...

Northern Trust races up custody league tables

KANIKA SOOD  |  FRIDAY, 28 AUG 2020
... executive Robert Brown said the fall in total assets under custody was largely a result of market valuation impacts, while the spike in transactions reflected the level of activity by underlying institutions adjusting their portfolios in response to ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... $120.6 billion, while there were $37.4 billion in total benefit payments in the June 2020 quarter. The increase reflected a spike in lump sum payments caused by the ERS scheme that commenced on 20 April 2020. Lump sum payments totalled $26.8 billion ...

Chief economist update: Comeback COVID

BENJAMIN ONG  |  TUESDAY, 25 AUG 2020
... seen since the spring. France recorded the highest number of cases since its March peak, while Germany recorded its highest spike in daily cases since April 26." "Spain continued to record the highest rate of cases in the region with Madrid, the biggest ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
... economies, raising worries about a second wave derailing the bloc's recovery hopes. Germany recorded its biggest daily spike in cases in more than three months with officials citing returning travelers as the cause. France marked its highest daily ...

Sales, reporting top buy-side pandemic struggles

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... concern on both sides - 44% of both sides reported it as an 8-10 concern. "Migrating to fully working from home during March's spike in processing volumes created challenges in the middle and back office. But as a whole, the firms that have invested ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... evident in countries such as Vietnam and Japan that were able to control transimissions early but are now experiencing a spike in infections. Nonetheless, barring a second wave and given its success in controlling coronavirus infections, New Zealand ...