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Showing 1101 - 1110 of 1326 results for "Pandemic"

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... themselves." The report says that's the case for the city of Chicago which was junk rated by Moody's before the pandemic hit, already had about US$240 billion in pension debt and has 53% of its revenues directly exposed to COVID-19. According ...

Financial stress increases despite relaxed conditions

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... this survey (average of 66%). Wave six showed a slight shift in the expected duration of the impact of the coronavirus pandemic - the proportion expecting it to last for six months increased (by four percentage points) while the proportion expecting ...

Former CBA executive nabs industry body lead role

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... "General insurance plays a vital role in the Australian economy and will be crucial as we recover from the dual hits of the pandemic and bushfire crisis," he said. "Insurance will also need to continue tackling the challenges of climate change and important ...

COVID-19 recovery plans must heed climate science

KANIKA SOOD  |  WEDNESDAY, 20 MAY 2020
... "There is a risk that the momentum that has been building around the climate change agenda will be lost as a result of the pandemic and we will remain off track to meet the targets set for 2030 and beyond," Global Compact Network Australia (GCNA) executive ...

Fund pulls mandate, alters pandemic definition

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... QSuper will take the management of its social responsible investment option in house and has changed the definition of pandemic illness. AMP Capital will no longer manage QSuper's socially responsible investment option as of 1 July 2020. "This change ...

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
Government stimulus packages and lender deferrals may have softened the economic blow of the COVID-19 pandemic but with end dates in sight, UBS has warned of an impending fiscal cliff. With JobKeeper and Jobseeker packages as well as debt deferrals ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... superannuation market, with COVID-19 to blame. According to KPMG head of asset and wealth management Linda Elkins, the pandemic has put enough pressure on industry funds to see them fall well behind SMSFs. "The arrival of the COVID-19 era has thrown ...

Westpac announces executive changes

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... allow the bank's chief risk officer, David Stephen, to focus on financial risk management in the face of the COVID-19 pandemic. It comes as Westpac filed its defence in the Federal Court in relation to ongoing AUSTRAC proceedings. King said Vance ...

Opportunities exist in high yield: Eaton Vance

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... the investment manager said. In terms of primary issuance, companies looking for short-term financing to weather the pandemic would provide excellent opportunities for high-yield investors, Eaton Vance said. Similarly, credit spreads in Europe were looking ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... on risk assets, warning the rally seen in April has so far ignored the threat of economic tailwinds from the COVID-19 pandemic. Janus Henderson's Ashwin Alankar warned investors that the pronounced rise of the S&P 500 since its March all-time low should ...