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(NEW FEATURE) Friday: super fund performance, jobs and bank fees + more.

Here’s the news headlines that might affect how you view and use money today.
Financy
June 17, 2016

Here’s the some of the top news that might affect how you think and feel about your money decisions today.

  • Super funds have posted a third consecutive positive month, with the median growth fund (which has between 61-to-80 per cent allocation to growth assets) gaining 2.3 per cent in May, according to Chant West.  That takes the return for the first eleven months of the financial year to 4 per cent, raising the prospect of a small positive annual return come the end of June.
  • Unemployment rate held steady at 5.7 per cent with more part-time jobs created compared to full-time, according to the Australian Bureau of Statistics.
  • Coles night-fill worker Penny Vickers from Brisbane is taking on the supermarket giant over its “degrading” pay deal, which pays tens of thousands of workers below minimum wage rates.
  • Male chief executives are “sitting on the fence” when it comes to championing gender diversity in their companies, but those who have a daughter are more likely to take action, according to research undertaken through confidential interviews.
  • And in case you missed it, an annual report on bank fees, published Thursday by the Reserve Bank of Australia, suggests eight million Aussie households spend an average of $515 a year on bank fees, and much of the recent growth in consumer fees has been in credit card fees.

 

 

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Financy
June 17, 2016
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