Coronavirus in, climate change out: Costello, deVereBY ALLY SELBY | TUESDAY, 28 JAN 2020 12:20PM
With the death toll surpassing 132 and a further 6000 people suspected of being infected, the outbreak of the Wuhan coronavirus has left markets tumbling as fears of an epidemic are stoked by news of the virus spreading around the world.Read more: US, Wuhan, Australia, China, Asia, ASX, deVere Group, Dow Jones Industrial Average, European Stoxx, FTSE, Hang Seng, Nasdaq, Nigel Green, Nikkei, S&P, Shanghai Composite
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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