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Showing 1621 - 1630 of 5161 results for "Rest"

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... AustralianSuper has paid out $1.8 billion to its members, followed by Sunsuper at $1.38 billion, Hostplus at $1.28 billion and Rest at $1.23 billion. While the majority of funds are able to make the payments within the five business day guide over 90% ...

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
This US stock market rally is brought to you by the letter V. The much better than expected US non-farm payrolls report sent Wall Street on the up and up - the S&P 500 gained 2.6% on the day (4.9% on the week); the DJIA rose by 3.2% (6.8%); the Nasdaq ...

Commonwealth Super names new chief

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUN 2020
... Corporation (CSC) has named a new chief executive, hiring a former industry fund chief. Damian Hill, who was chief executive of Rest for 12 years, will now lead the $50 billion government fund. His appointment comes as CSC's current chief executive Peter ...

Retirement specialist makes board appointment

ALLY SELBY  |  THURSDAY, 4 JUN 2020
... boards of healthcare companies Healius and Oceania Healthcare, as well as a director on the board of industry super fund Rest. She is also an advisory group member of advocacy group EveryAge Counts, and the chair of social venture LifeCycle. Previously ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... will for sure and for certain confirm a technical recession in the domestic economy, Australia remains better than all the rest. Using the same metric - quarter on quarter growth rate - Australia's 0.3% contraction in the March 2020 quarter is top ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Reserve Bank of Australia governor Phillip Lowe said the extent of the economic downturn, as a result of the impacts of COVID-19, is not as dire as expected. At the June meeting, the RBA board decided to maintain the current policy settings, keeping ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
The Financial Planning Association of Australia (FPA) wants a professional registration for individual advisers to replace the current system. Currently, an Australian financial services licence (AFSL) is required to provide advice. FPA chief executive ...

Advice job market not all doom and gloom

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
There are some bright spots in the market for financial advice jobs, according to Kaizen Recruitment, despite over 1000 advisers leaving the industry since the start of 2020 and only about 50 joining. "The implementation of restructures and exits announced ...

MLC Wealth appoints chair

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
A former chief executive of BT Financial Group has been named independent non-executive chair of MLC Wealth. Robert Coombe has been named to take on the role, effective 1 July 2020. NAB chair Philip Chronican said the appointment to the board of National ...