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Search ResultsShowing 1 - 10 of 100+ results for "ABS"
Possible delay for SG rise: Hume
ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
The government has hinted heavily that the legislated increase to the superannuation guarantee will be delayed as Australians need more capital throughout their working life. Speaking at the Council on the Ageing (COTA) Australia's National Policy ...
Aware Super rejigs MySuper option
KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...
Chief economist update: The cloud over the rainbow
BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
"I think I can make it now, the pain is gone All of the bad feelings have disappeared Here is the rainbow I've been prayin' for It's gonna be a bright (bright), bright (bright) Sun-shiny day." -- Johnny Nash, "I Can See Clearly Now" Do you ...
Chief economist update: Australia's virtuous cycle
BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
... 'Land Down Under' has already been returning to pre-covid normality. The latest Australian Bureau of Statistics' (ABS) 'Wage Price Index' report is a case in point. But don't take my word for it, let's hear it straight from ...
Industry fund expands leadership team
KARREN VERGARA  |  MONDAY, 22 FEB 2021
A $16 billion superannuation fund has welcomed two members to its executive team, as well as a portfolio manager from Victorian Funds Management Corporation. Sam Horskins is the new chief financial officer at CareSuper, overlooking the statutory and ...
Woodside results vindicate divestment argument: Activists
ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
Woodside Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears ...
Chief economist update: Australia's not jobless recovery
BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
... going to revise up its unemployment rate projections in three months' time. The Australian Bureau of Statistics' (ABS) reported that 29,100 workers found employment in January - in line with market expectations. Though the monthly addition in ...
ASIC to take targeted approach with PIP
ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...
CareSuper hires from VFMC
ELIZA BAVIN  |  MONDAY, 15 FEB 2021
CareSuper has confirmed the appointment of a new investment manager, joining from Victorian Funds Management Corporation (VFMC). Huey Miin Lim has joined the super fund as its new investment manager, departing her role as senior analyst, fixed income ...
Super scammer permanently banned
ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
ASIC has permanently banned a former financial adviser, Daniel McSweeny, after he was previously banned for five year s. McSweeny was charged with 20 dishonesty offences in 2018, as well as one offence for falsifying books as a company director. An ...
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