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Showing 21 - 30 of 1654 results for "COVID"

Decade-long ban reduced for former adviser

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
A former financial adviser who was jailed for breaching COVID-19 border restrictions to attend the AFL Grand Final had his ASIC banning order reduced. Mark Babbage, who was an authorised representative of Wealthsure and Capstone Financial Planning ...

Large Australian corporations pay record tax: ATO

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... tax paid in 2021-22 was the highest since CTT reporting started, showing how Australia's large taxpayers rebounded from COVID-19 and lockdowns. "This is a fantastic result for the Australian community," Saint said. "A combination of a rapidly recovering ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... Australians are struggling considerably to manage on their present income, a percentage surpassing any recorded during the COVID pandemic," she said. "Financial stress is one of the most severe mental distresses, compared in magnitude with the effect ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... loans on its books. "While more customers are calling us, hardship levels remain at around half the numbers we saw during COVID and we are not yet seeing significant increases in customers falling behind on repayments. But this doesn't mean it's ...

RW Capital launches Pets Fund

CHLOE WALKER  |  FRIDAY, 3 NOV 2023
... track-record." "There has been a large increase in the number of pet animals in Australia in recent years, particularly over the COVID-19 pandemic," he said. "These businesses are cashflow positive and we've done very well out of our investment to ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... observed that the reduced profitability of risk products was impacted by a rise in claims and the lack of one-off items like COVID-19 reserve releases, while the profits of non-risk products surged due to favourable investment markets. Nevertheless ...

Family office executives take investment reins: Ocorian

CHLOE WALKER  |  THURSDAY, 5 OCT 2023
... investment managers to manage their assets, but falling returns driven by the financial crisis in 2008 and the impact of the COVID-19 pandemic has prompted the switch to alternative approaches and directly employing professionals," Ocorian said. "The ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
... and strategic investors group Charles Hatami emphasised that the report comes in a critical period - the second year post-Covid - marked by "structural mega forces" that are shaping the macroeconomic outlook. These mega forces include the ageing population ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  WEDNESDAY, 27 SEP 2023
... substantial capital gains each year to individuals with the highest incomes." The report also shows that while the government's COVID-19 response reduced income inequality, the impact was only temporarily. In 2020-21, the average income of the lowest ...

A roadmap for transitioning to managed accounts

ANDREW MCKEAN  |  THURSDAY, 14 SEP 2023
... positioning managed accounts to clients, it's useful to highlight their advantages through relatable case studies, like the COVID-19 pandemic, he said. The benefits of managed accounts also extend beyond execution and transparency; they also offer a ...