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| | | Australian super funds continue to make payments to members under the government's Early Release of Super scheme, with the total amount paid now at $15.9 billion. In the week to June 14, funds reported a further $1.3 billion was paid to members ... |
| | | | The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ... |
| | | | Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ... |
| | | | Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ... |
| | | | S&P Global has warned of a record number of junk bonds in June as issuance in the US high yield bond market tracks at its busiest pace. The global ratings agency said there is an expected US$23.88 billion priced through June 12, following on from May's ... |
| | | | "Renaissance is a French word meaning "rebirth." It refers to a period in European civilisation that was marked by a revival of Classical learning and wisdom. The Renaissance saw many contributions to different fields, including new scientific laws ... |
| | | | For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ... |
| | | | For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ... |
| | | | 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 ... |
| | | | Job ad volumes in banking and finance are up 17% since their COVID-19 lows, with sentiment improving as the Australian economy gradually reopens. That's according to recruitment firm Kaizen Recruitment, who said there has been a backlog of roles ... |
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