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| | THURSDAY, 24 SEP 2020 12:08PMNew research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.|
|Will the RBA cut interest rates next week as Westpac chief economist Bill Evans has led financial markets to believe?|
|Customer satisfaction will retail funds fell by 2.5% while satisfaction in industry funds rose 0.2%, according to new data from Roy Morgan's Superannuation Satisfaction Report.|
|Reserve Bank of Australia deputy governor Guy Debelle address at the Australian Industry Group's virtual conference yesterday sparked a second wave - a second wave of negative interest rate speculation, that is.|
|Harsh as it may be, the resurgence of cases of coronavirus infections in Europe supports Dan Andrews' cautious approach towards re-opening.|
|In addition to eroding Japan's export competitiveness and dragging growth, a higher yen - spurred by a European second wave - could put downward pressure on the nation's already very low/negative inflation.|
|It wasn't supposed to go this way. Given the lockdown in Melbourne and most closed-border policy in most states, financial markets and economists were correct in expecting further deterioration in the domestic labour market. But they were wrong.|
|The fed funds rate could remain at near zero beyond 2023.|
|The Australian Securities Exchange (ASX) has revised its temporary emergency capital raising measures that were put in place to assist companies during the COVID-19 crisis.|
|While the People's Bank of China remains on alert, recent activity stats are easing pressure on both China's fiscal and monetary authorities.|
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The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
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New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
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Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
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Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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