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Showing 61 - 70 of 1753 results for "COVID"

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... the adjustment would occur in the coming weeks and current impacted members will be separately notified. In March 2020 the COVID-19 pandemic and the accompanying market correction temporarily wiped out nearly $290 billion from Australia's superannuation ...

Perpetual reveals decade of philanthropy insights

ANDREW MCKEAN  |  TUESDAY, 12 NOV 2024
... advocating for funding. In contrast, funding for arts and culture has declined from 5% to 3%, a decline the report linked to the Covid-19 pandemic and prolonged shutdown of cultural institutions which had an "enormous impact." Creative Partnerships Australia ...

AustralianSuper bids farewell to retirement chief

MATTHEW WAI  |  FRIDAY, 1 NOV 2024
... personal for each member," Schroder said. Blackmore was also a great leader through challenging times, most prominently, the COVID-19 pandemic, he said. "During that time Shawn worked tirelessly to ensure we fulfilled our obligations to members in a ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... (ABS). "The September quarter's rise of 0.2% is the lowest outcome since the June 2020 quarter fall which occurred during the COVID-19 outbreak and was driven by free childcare," ABS head of prices statistics Michelle Marquardt said. "Annually, the September ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN  |  TUESDAY, 1 OCT 2024
... higher levels of labour force participation and a lower unemployment rate. "While there was a brief interruption during COVID, Australia's productivity deadlock has persisted through two very different economic environments. This suggests policymakers ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... 0.3%, or $13.7 billion, in the June quarter. The ABS said the final allowance under the Term Funding Facility (TFF) from the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... unemployment, and interest rates to gauge economic despair - shows that Australia's economic misery remains elevated post-COVID-19 and is beginning to edge up again. Unlike previous periods whereby high interest rates or unemployment drove economic misery ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... legitimately access them," he said. In May, three Queenslanders were sent to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The AFP found they submitted several fraudulent applications to ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... arrears in Australia remained very close to zero during other major global events, such as the Global Financial Crisis and the COVID-19 pandemic, but despite this, regulators continue to impose additional constraints on lending, competition among banks ...

WAM tells investors it 'got the call wrong'

ELIZA BAVIN  |  TUESDAY, 17 SEP 2024
... period of time," Ayoub said. "On the other side of the spectrum, we're seeing more and more stocks hit 12-month lows, pre-COVID lows, and unsustainably low valuations which is forcing boards to rectify the valuation disparity."

Editor's Choice

Invesco launches new equity fund

ELIZA BAVIN
Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA
A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI
Global X has now launched the space tech ETF (ASX: MOON).

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