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11 May 2020 • By Lachlan Maddock • 1 min read

Suncorp suffers as bank CEO jumps ship

Suncorp isn’t alone in suffering massive impairment costs, but the sudden departure of a key executive and massive underpayment of workers could ...

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Sovereign wealth fund picks chief

Future Fund has promoted its chief investment officer as its new boss. Dr Raphael Arndt has become the sovereign wealth fund’s new chief executive, ...

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QSuper decides against escalating AFCA case

Industry superannuation fund QSuper expressed concern the court decision to dismiss its appeal against the financial complaints authority has created ...

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Macquarie profit drained by COVID-19, dividend halved

Macquarie Group has halved its full-year dividend after it saw the coronavirus crisis eat away at its profit, with the company warning of further ...

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Royal Commission commitments delayed

The “significant impacts” of the COVID-19 outbreak mean the implementation of the Royal Commission commitments has been put on the backburner

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Shareholders launch first strike at AMP

The majority of voting shareholders protested AMP’s executive pay at its annual meeting, as its chairman disparaged the two-strike rule

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Future Super gets new co-founder

A fossil-free super fund has promoted its chief operations officer to the position of co-founder. Kirstin Hunter will be responsible for Future ...

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Could a ‘new economic order’ be on the cards?

A global asset manager sees COVID-19 bringing about a new era of government intervention in the global financial system, with previously unprecedented ...

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RBA sees light at the end of the tunnel

The RBA is growing more optimistic about Australia’s economic recovery, with a more rapid return to normal on the cards. The RBA still expects the ...

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AMP cancels NZ wealth sale 

A major bank has dropped plans to divest its New Zealand wealth management business following the COVID-19 economic meltdown.  AMP has confirmed it ...

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