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04 August 2020 • By Lachlan Maddock • 1 min read

Unemployment sees modest recovery

Unemployment saw a “significant drop” through July but remains stubbornly high in some states, according to data from Roy Morgan. A total of 1.79 ...

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Victorian financial services forced to close

Hundreds of financial services providers, along with thousands of other businesses, will be forced to close under new lockdown restrictions

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Repeat applicants driving early super surge

Over $29 billion had been paid out of the super system by late July, with the latest figures revealing the majority of those applying for early ...

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‘Things have deteriorated’

Treasury has warned that its economic update might already be outdated as cases continue to climb in Victoria and other states lock their doors

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More advisers join AMP class action ranks

The head of AMP’s adviser association has revealed further details around the class action lodged by AMP Financial Planning advisers this week, ...

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Macquarie profits dip

Macquarie has reported a dip in profits and is still unable to provide “meaningful” earnings guidance as it continues to grapple with the COVID-19 ...

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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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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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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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