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30 July 2020 • By Sarah Kendell • 1 min read

Treasury underestimates early super by $15b

The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its ...

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Investors Mutual picks investment specialist

Investors Mutual Limited (IML) has recruited a former BNP Paribas head of financial institutions to be its new investment specialist on a global ...

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Lonsec expands research team

The research house has added to its team to support its launch of new sustainability analysis service. Lonsec has made two senior hires in its ...

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CBA takes $300m remediation hit

CBA has provisioned $300 million for remediation costs ahead of its upcoming results, bringing total remediation costs close to a billion dollars

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World holds its breath as economies come off life support

An international asset manager has suggested the global economy is currently insulated from the worst financial effects of the COVID-19 crisis, with ...

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Deutsche Bank dumps Arctic oil financing, signals coal mining exit

Deutsche Bank has indicated it will immediately stop financing for any new oil and gas projects in the Arctic region as it plans to cut ties to coal ...

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Westpac to replace 1,000 overseas employees with locals

The big four bank has indicated it will roll back around 1,000 support jobs to Australia from overseas, following a surge in demand for customer ...

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AMP faces adviser revolt

The wealth giant has been hit with a class action lawsuit by its own financial advisers following its decision to slash its buyer of last resort ...

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Queensland mining early super the most, body says

Queensland has been named as the state tapping into the early super scheme the most, with more than 145,000 people emptying their accounts according ...

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APRA demands banks halve dividends

APRA has warned banks to reduce their dividends, raising fears that income investors could still be hit hard despite payouts going ahead

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