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Search ResultsShowing 1 - 10 of 100+ results for "Pandemic"
MySuper goes back-to-back in the black
HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
... 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 followed the 3.2% return ...
What advisers need to know: BT
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic. "The level of queries and questions we were getting through from advisers was almost at the level we expect to receive post-Budget," ...
Chief economist update: Australian recession - the next generation
BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... two consecutive quarters of negative growth - this time, there's no escape. "Clearly, with this once in a century pandemic, the impact on the economy has been very severe, the impact in the June quarter will be even more severe," Frydenberg said. ...
GDP figures reveal start of COVID-19 impact
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... ABS said. "Government spending at all levels increased in response to the bushfires and the management of the COVID-19 pandemic." Private demand detracted 0.8 percentage points from GDP, driven primarily by a 1.1% fall in household final consumption ...
Economic outlook not as bad as predicted: RBA
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... the depth of the downturn will be less than earlier expected." Lowe said, the outlook remains highly uncertain and the pandemic is likely to have long-lasting effects on the economy. "In the period immediately ahead, much will depend on the confidence ...
AMP Foundation offers $2m for COVID-19 recovery
KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... response of so many non-profit organisations to the COVID-19 crisis, especially given the challenges that preceded the pandemic," AMP Foundation head Helen Liondos said. "The collaboration and ingenuity that has gone into maintaining existing services ...
Renewed scrutiny for ME Bank
ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... notified after their redraw balance, which many viewed as savings, had been slashed. And the timing amid the COVID-19 pandemic left many concerned. ME Bank has since allowed customers to have their redraw balances returned to what they were if they ask. ...
UniSuper stares down job crisis
ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... Martin told staff that the university could not sign a job protections framework agreement because the impact of the pandemic may mean some staff have to go. Deakin's operating revenue is estimated to fall by between $250 and $300 million in 2021. ...
Super withdrawals being misused
ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... revealed 40% of those who accessed their superannuation early did not see any drop in their income during the COVID-19 pandemic. The data released by Illion and AlphaBeta, part of Accenture, shows that early superannuation withdrawal has not been used ...
Recruitment lifts as economy reopens
ALLY SELBY  |  MONDAY, 1 JUN 2020
... competitors, McGilton said he had seen an increase in optimism and activity - as businesses work towards the new post-pandemic normal. Over the last two to three weeks, there has been genuine and real engagement from clients on recruitment, he said.. ...
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