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Showing 1111 - 1120 of 3210 results for "Power"

It's not you, it's quarantine

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... Australian Unity, said most people don't realise that up until the time the divorce is finalised their partner is still a power of attorney or beneficiary of their estate. "Initially, most people don't think about things like power of attorney or wills," ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... suspend or delay unit pricing in extraordinary situations to ensure fairness across members. "In Hostplus' case, this trustee power is not new. It is not unique. It is not exceptional," the spokesperson said. "As part of its recent update, Hostplus highlighted ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
The Bank of Japan (BOJ) acted quickly in response to the coronavirus outbreak. In an emergency meeting on March 16, the Japanese central bank announced it would buy ETFs at an annual pace of ¥12 trillion, double its J-REIT purchases to ¥180 billion ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... weeks. Labor leader Anthony Albanese said his party would not block the stimulus package but noted that the Treasurer has the power to adjust who is eligible for the JobKeeper payment. "It is a situation that is making unprecedented changes to the ways ...

Former financial adviser permanently banned

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
A former financial adviser is the first person to be permanently banned from having any involvement in financial services or credit businesses in Australia. ASIC has used its newly sharpened teeth to permanently ban former Adelaide financial adviser ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties. Asked by Financial Standard how the government would handle funds that might face liquidity ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
The Full Federal Court has confirmed the directors of Storm Financial Group breached their duties as directors, dismissing their appeal of ASIC's 2016 decision. The determination wraps up an appeal against the regulator's original decision by ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... we are going to see more volatility," she said. "If a company has reasonably attractive earnings visibility, good brand power, good market positioning, and if they are trading at interesting levels then it could be an option for investors to get back ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
AMP has announced the retirement of another director, as the beleaguered financial services powerhouse continues to shake-up its board as part of a three-year transformational strategy. Andrew Harmos will retire from AMP on May 8 to dedicate his time ...