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05 June 2020 • By Sarah Simpkins • 1 min read

Roy Morgan estimates 2.09 million unemployed

Roy Morgan figures have placed the proportion of the workforce that was unemployed in May at 14.8 per cent (2.09 million Australians), double the last ...

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ASIC cancels licence of retail OTC issuer

ASIC has cancelled the AFSL of a retail OTC derivative issuer after its clients lost hundreds of thousands of dollars. ASIC cancelled the AFSL of ...

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Magellan cops $288m net outflows

Magellan Financial Group has rolled out its new active ETF after recording $288 million in net outflows in May, as institutional investors extracted ...

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AMP Capital steps into Taiwan wind market

AMP Capital has entered the wind energy market in Taiwan, having completed a US$145 million ($208.8 million) mezzanine debt investment with US asset ...

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Retail feels COVID shock

Australian retail turnover fell almost 20 per cent off the back of COVID-19, according to new figures from the ABS. Australian retail turnover fell ...

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CBA buckles down on abusive messages in transactions

CBA has updated its policy around its digital banking platform, with customers caught sending abusive messages to others via transactions to face ...

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Means test knocks mid-income retirees, actuary warns

Middle-income earners are forced to spend their retirement nest egg quickly or lose access to more disposable income from the age pension, according ...

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MP speculates retail funds lagging in early super

Labor MP Andrew Leigh has scrutinised the retail superannuation segment, after two funds paid less than half of their early release claims within the ...

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ASIC further suspends stockbroker AFSL

ASIC has issued a further suspension on the AFSL of a firm that once claimed to be “the largest independent stockbroker in Australia and New Zealand ...

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Retirees slash spending amid virus fears

New research has shown that uncertainty about the future is leading older Australians to cut back on everyday necessities and travel, with 65 per cent ...

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