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Showing 251 - 260 of 3117 results for "Crisis"

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... "Productivity and profits are at record high levels, while workers are experiencing both real wage cuts and a cost-of-living crisis." McManus called on the new Labor government, business and civil society to ensure working people's living standards don't ...

Generation Life launches retirement income product

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... financial advisers and is an investment-linked lifetime annuity that pays an income for life. Amid the current cost-of-living crisis, Generation Life is looking to provide retirees more options at a time where flexibility is crucial. Generation Life ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... seasoned colleagues would lament the fact that the younger generation had never seen a crash - and then the Global Financial Crisis came. "They'd argue that it caused them to be overly optimistic in the face of rising risks as they hadn't experienced ...

Superannuation not a super solution to housing affordability

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... shameless attack on the retirement savings of working people and an attempt to shift blame for the housing affordability crisis. "This is not a housing policy - this is a desperate, last-minute act from a prime minister trying to cling to power," ACTU ...

Industry pans early release superannuation policy

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... Scheerlink said: "Accessing your super early won't get you closer to your dream home or fix Australia's housing crisis. Using super as a deposit will drive up property prices, leaving Australians with higher debt and depleted retirement savings." ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... Superannuation Trustees has acknowledged the difficulty of implementing industry-wide rulesets and has released its future crisis contingency planning recommendations to APRA. In its submission, the AIST said the balance of risks and credible recovery ...

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... members guide decision making at TWUSUPER," Sandy said. "Mr Galbally's time as chair has included the Global Financial Crisis and most recently, the coronavirus pandemic. Despite these challenges, Mr Galbally has led consistently and with composure." ...

Packhorse acquires trophy property, opens next raise

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
... capital raise and said in a time of political uncertainty, rising inflation, stock market volatility and a climate change crisis, wholesale and institutional investors were looking for the security afforded by real assets. Samway added Packhorse's ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
... government has either pursued policies that have exacerbated the problem or done nothing." In advocation for an end to the 'wage crisis', the ACTU report recommended the government implement appropriate economic, labour and industrial measures to empower ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... Australian stock market at the peak of the GFC. Swan pointed out that super funds had done the same during the COVID-19 crisis. He said: "Funds stepped up to recapitalise business during the height of the pandemic, we lent to keep projects going when ...