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Showing 2811 - 2820 of 10553 results for "BEI"

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
Despite over $34 billion being removed from the super system, the Grattan Institute is sticking to its guns that the effects of the Early Release of Super scheme will not have too great of an impact on retirement outcomes. Speaking at the digital Morningstar ...

AMP, former employee settle

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
AMP and former employee Larissa Baker Cook have settled for an undisclosed amount, a month before the matter was scheduled for trial. Cook last October filed a claim in the Federal Court alleging AMP dismissed her unfairly after she raised concerns ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
Last night's superannuation reforms could be a "modest negative" for AMP, IOOF and Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
Australia's AAA rating will remain, but is hanging on by a thread following the government's budget announcement. Fitch ratings revised the country's rating from stable to negative on the fiscal impact of the COVID-19 shock. "The negative outlook reflects ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Opposition leader Anthony Albanese has unsurprisingly spoken out against the Morrison government's federal budget, saying it has failed to create much needed jobs. Taking to Twitter, Albanese said: "Being a leader means taking responsibility - in the ...

Frydenberg bets on infrastructure for recovery

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
An additional $10 billion will help rebuild the nation's ageing infrastructure and ultimately create more jobs to stabilise the flailing economy, according to the Treasurer. Federal Treasurer Josh Frydenberg is hoping the infrastructure spent on ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
The Morrison government has handed down the 2020 federal budget, confirming Australia's largest ever deficit and announcing major changes to superannuation. As was largely anticipated, Treasurer Josh Frydenberg has revealed a record deficit of more ...