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13 February 2020 • By Sarah Simpkins • 1 min read

Vic Labor pushes for 15% super guarantee

The Andrews Labor government in Victoria has urged for the superannuation guarantee to be raised to 15 per cent, hitting in the opposite direction of ...

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AMP blames royal commission for $6.3bn wealth outflows

In the year since the Hayne commission, AMP has not been able to remedy its burned reputation, failing to prevent it from striking its Australian ...

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Magellan profits rise with massive inflows

Magellan’s profits have surged and the company has upped its dividend as FUM grew by 29 per cent in 2019.  The company’s half-year earnings show a ...

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OPEC downgrades oil demand

OPEC has drastically lowered its forecast for oil demand, with the coronavirus outbreak weighing heavily on its outlook.  OPEC has slashed its ...

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NAB profits sluggish, MLC sale delayed

NAB has reported subdued Q1 profits and pushed out the sale of MLC Wealth due to a “challenging” business environment.  The bank’s Q1 update saw ...

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Coronavirus to hit supply chains: Verisk Maplecroft

The disruption to global supply chains caused by the coronavirus outbreak could last until 2020 Q3 as new cases climb again, according to Verisk ...

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AMP CRO steps down, board reshuffles

AMP has indicated its chief risk officer Jenny Fagg will be departing the group from April, as the board has welcomed a new non-executive director ...

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Telstra Super assets lead joins Charter Hall

Property investment management group Charter Hall has added Telstra Super’s former head of real assets as a new fund manager for its Direct business

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Blackstone hires CTO

Blackstone has appointed the former group chief technology officer and chief innovation officer of Barclays as its new CTO. John Stecher will be ...

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ABA committee appoints new chair

The Banking Code Compliance Committee has appointed a new chair as it takes a stronger stance on the Banking Code of Practice. Former Australian ...

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