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| | | Westpac announced risk management and rebuilding its culture will be its top priorities for 2021. The bank paid $105 million to about 548,000 customers it has wronged during the first quarter ending December 2020, as announced in a trading update this ... |
| | | | ... sector and the conflicting views from executives and industry bodies, which she says is the most "frustrating" part of her job. The Minister for Superannuation, Financial Services and the Digital Economy expressed her exasperation with the super industry's ... |
| | | | ... environment is the wrong time. "The reason we paused our policy is jobs. Super is a percentage of a salary, and you need a job to get a salary," Negline said. "The priority right now should be keeping people who have them in jobs and helping the unemployed ... |
| | | | ... comes despite the 0.1 point increase in the participation rate to 66.2% -- indicating jobseekers' confidence over their job prospects. This compares with the 8.0% unemployment rate the RBA forecast for end-year 2020 and lower than the Treasury's ... |
| | | | The Biden administration is putting a $3 trillion infrastructure investment opportunity on the table, which superannuation funds should seize. This is according to Australia's ambassador to the US Arthur Sinodinos, who flagged that the largest capital ... |
| | | | ... the crisis could leave deeper scars in the EU's economic and social fabric, notably through widespread bankruptcies and job losses. This would also hurt the financial sector, increase long-term unemployment and worsen inequalities." |
| | | | "The circulation of confidence is better than the circulation of money." - James Madison, 4th President of the USA (1809-1817) and Founding Father The Morrison government circulating more money which, according to the Budget Papers 2020-21, amounts ... |
| | | | ... we don't get our kids back to school". "There remains tremendous slack in the labor market, and it would take unprecedented job growth to return to full employment in the next few years." Madam Yellen's is backed by the latest US non-farm payrolls report ... |
| | | | ... talks of "tapering" are premature. "The whole focus on exit is premature if I may say. We're focused on finishing the job we're doing, which is supporting the economy, giving the economy the support it needs," he said. There will always be pockets ... |
| | | | Aware Super continues to build its affordable housing portfolio with the addition of a new development in Greater Western Sydney. The $135 billion superannuation fund will construct 300 affordable housing units and 8750 square metres of office and retail ... |
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