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Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... will be able to be transferred into an accumulation account without exceeding the contribution cap. But it's what was not in the budget that Birks said was disappointing. There was nothing for paid parental leave, no adjustment to the low-income ...

Life insurers getting into rehab concerning: SCA

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... incentive as well in terms of being able to reduce the claims level," he said. "...We want to make sure that no we're not just doubling up on a bunch of... health insurance." O'Halloran said the ideal solution to sustainability of life insurance ...

Keep COVID-19 in perspective: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... dictatorships, increasing indebtedness and the ascent of Asia are the thematics creating tension that existed before COVID-19 and have not been disrupted by the pandemic - though it has distracted from other issues. China overtook the US on GDP four ...

Macquarie Securities slapped with $126k fine

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
... (ASXC). The MDP raised concerns over the purchase of 1.2 million shares at $2.465 on 6 May 2019 on the ASXC, alleging it was not in the ordinary course of trading. MSA's sell order, which traded with MSA's buy order, was preferenced ahead of ...

New responsible agricultural fund seeks $300m

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
... mission is to build and repair soil with the help of cattle, which are brought onto the land to restore grass, which will not only help with drought-proofing but reduce carbon dioxide omissions on a mass scale. Packhorse also typically buys property ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... marked by the post-pandemic pool party Wuhan Maya Beach Water Park that went viral on 17 August 2020. However, the PBOC is not taking any chances. It has kept its benchmark lending rate - the one-year loan prime rate (LPR) unchanged for the 12th straight ...

Prince urges funds to join sustainability initiative

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... Prince Charles said. "Through this approach we will demonstrate that investing in sustainability and building prosperity are not mutually exclusive. After all, a sustainable future is the growth story of our time." One of the first actions taken under ...

Boards should be "strap-on brains": Cosgrove

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... the chief executive's "strap-on brain", Cosgrove said. "You're like a nurse attending a needy patient, you're not necessarily intervening all the time, but you are constantly monitoring the vital signs of the company," he said of the role ...

Aussies regret ERS withdrawals: AIST poll

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... Institute of Superannuation Trustees. AIST also says one in four non-retired women who participated in the consumer poll did not have any superannuation savings at all. The people who drained their accounts tended to come from lower levels of education ...

New Martin Gilbert vehicle strikes first deal

JAMIE WILLIAMSON  |  MONDAY, 17 MAY 2021
... strategy, having decided to abandon the emergency services business after the loss of its key contract in Abu Dhabi in 2018 and not winning any subsequent contracts. "Saracen is a small fund management firm with great potential. Its business model, people ...