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SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... health and wellbeing of the vast majority of Australian workers, either from losing their jobs or being asked to work from home or in different ways. With so much rapid change for most people and businesses, we felt it was paramount to address the new ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
US stocks ended in a sea of red on Wednesday as bleak economic data and corporate losses shifted what had been an almost eerily optimistic sentiment towards trade over the last few weeks. US markets had made somewhat of a recovery of late, with the ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
The corporate regulator is warning companies keep their control framework in-line when working from home, after control failures led a betting agency to open a market covering the performance of the S&P/ASX 200 index. ASIC has publicly chided Sportsbet ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... the specific client concerns they will be facing. Business continuity, in terms of technology to allow people to work from home and mitigation of key person risk, was another (more obvious) key concern for wealth management firms the report identified. ...

Isolated advisers enter the digital age

ALLY SELBY  |  THURSDAY, 9 APR 2020
... Google Hangout meeting. Similarly, for Jessica Brady, the co-founder of Fox & Hare Financial Advice, the move to working from home has seen very few hiccups. "I basically told everyone to grab their monitors and go home, and because we do use quite a ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... until October, while the UK has seen nearly half of its biggest listed companies scrap dividends, according to Link. Closer home, APRA on Wednesday asked banks to focus on their balance sheets instead of appeasing investors with dividends, and Bank of ...

BlackRock bullish on China

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
Chinese equity valuations are near or below long-term averages and with projected growth of 15% now is the time to pounce, according to BlackRock. The investment company said the lower starting point for price/earnings ratios has mitigated downward ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
... Japanese' sense of community spirit and asked to limit social contacts by 70%-80%, for non-essential workers to work from home and companies to reduce shifts for workers who cannot work online. This would put further downward pressure on the domestic ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
Australians working from home during the COVID-19 shutdown will now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents ...

Centrepoint executives depart, pay cuts implemented

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... continuity plan yesterday, which includes cost cutting measures, testing all critical systems and moving all staff to work from home. The company said the board and executive team have volunteered a temporary 20% reduction in pay and non-executive staff ...