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| | | ... Reuters reported that the bank is shifting its presence from London to Amsterdam as the UK's exit from the European Union draws near. CBA will employ around 50 people in Amsterdam but keep the London office open, Reuters reported. CBA executive institutional ... |
| | | | ... partners, export shipments to the US jumped by 46.1%; Australia (22.6%); Taiwan (18.1%); South Korea (9.5%); the European Union (8.6%); and Japan (5.6%). Chinese import purchases increased slowed to 4.5% in the year to November from 4.7% in the previous ... |
| | | | Industry superannuation fund Cbus's former chief executive David Atkin is joining AMP Capital as its deputy chief executive, effective December 7. "Atkin will assume operational leadership of AMP Capital in an interim capacity until June 2021, while ... |
| | | | ... has taken the inauspicious title of being the industry with the largest gender pay gap. According to the Finance Sector Union (FSU), COVID-19 has had a disproportionate event effect on women, causing a "pink recession". "Closing the pay gap is not difficult. ... |
| | | | The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ... |
| | | | The opposition party, Industry Super Australia (ISA) and unions have criticised the Retirement Income Review and say the super guarantee (SG) must rise. Labor leader Anthony Albanese said the government is looking for excuses to break its promises. ... |
| | | | ... raise the bar and with COVID-19's compounding impact, there is a real need for regulatory action, as planned by the European Union, as well as increased investor pressure to force change." Among the group of investors that applied that pressure was Aviva ... |
| | | | Senator Jane Hume is cracking down on how superannuation funds spend members' money and subjecting them to the same stringent reporting and disclosure requirements as publicly-listed companies. The Minister for Superannuation, Financials Services ... |
| | | | ... more closely aligning the management incentives with shareholders' experience," she said. However, the Finance Sector Union National Secretary Julia Angrisano had concerns earlier this week, highlighting that staff are being offered low pay rises ... |
| | | | The Prime Minister has given an indication of what will be revealed in next week's federal budget with a focus on tax cuts and increased infrastructure spending. Prime Minister Scott Morrison gave the insight during his National Press Club address ... |
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