Perth advice firm foldsBY KANIKA SOOD | TUESDAY, 4 FEB 2020 12:39PM
A Perth-based financial advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons.Read more: Royal Commission, WA Wealth Managers, Perth, WAWM Holdings Pty Ltd, Brendan Nixon, Dayle Hutchison, Hutchisons, Macquarie Bank, mid-January, Robert Hutchison, SM Solvency Accountants
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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