Women at risk of losing fortune

Women at risk of losing fortune

AUSTRALIA’S gender pay gap between men’s and women’s wages is well documented, and there’s also a wide gap between the sexes when protecting their income. New research by Finder.com.au has found that women are more financially vulnerable than men but are much less likely to take out income protection insurance — at 31 per cent compared with 69 per cent. Finder’s analysis of 7000 income protection quotes also found that women seek a lower level of income protection, $60,400 versus $76,200, a 26 per cent gap that’s wider than the…

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Uber loses London licence over 'public safety and security' concerns

Uber loses London licence over 'public safety and security' concerns

Updated September 23, 2017 00:05:25 London has stripped Uber of its licence to operate from the end of this month in a huge blow to the ride-booking app that will affect more than 40,000 drivers in one of the world’s biggest cities. Key points: TfL says company shows “lack of corporate responsibility” over safety, security issues Uber says loss of licence shows world “London is closed to innovative companies” London Mayor Sadiq Khan has thrown support behind the decision Transport for London (TfL) said the ride-sharing app was not “fit…

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Abbott’s ‘headbutt attacker’ speaks

Abbott’s ‘headbutt attacker’ speaks

THE self-described Hobart anarchist charged with assaulting former Prime Minister Tony Abbott says the incident had nothing to do with same sex marriage. Astro Labe, 38, of North Hobart, said he will argue his impulsive attack on the Liberal MP was motivated his longstanding dislike of Mr Abbott. He said he had not intended to cause embarrassment to the same sex marriage cause, which he supports. “It was nothing really remotely to do with that. It’s just about Tony Abbott — The f***ing worm that he is,” Labe told News…

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Regional banks urge inquiry to crack down on power of 'big four'

Regional banks urge inquiry to crack down on power of 'big four'

Updated September 22, 2017 11:12:23 Australia’s regional banks are urging a Productivity Commission inquiry to tackle the growing market power and “too big to fail” nature of Australia’s big four banks. Key points: Commission to look at whether big banks have unfair advantage over smaller regional banks Bank deposits guarantee ‘favour major banks by underpinning their credit rating’ Outlook for rising interest rates could pressure highly leveraged households In a joint submission lodged today, regional banks call on the Federal Government to tell international ratings agencies it would be prepared…

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Big ship lift facility moves closer

Big ship lift facility moves closer

DARWIN’S planned ship lift should be operational by mid 2021. The Territory Government will put $100 million towards building the facility, which will allow industrial vessels to be serviced in the Top End rather than in Queensland or Western Australia. Chief Minister Michael Gunner said it would help the Territory’s case in enticing the Australian Defence Force to base its fleet of new patrol vessels in Darwin. “We want to make sure we have the ability to sustain those here,” he said. media_camera An artist’s impression of the new ship…

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