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Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... still slow, and the risk of a new wave of infections should not be neglected," he said. "However, as retail activity and home sales data are slowly returning to normal, fear of China's supply chain disruption could gradually recede. Unfortunately, this ...

Advice important for family conscious: Perpetual

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... Perpetual. Based on the research, Perpetual said it is clear that family is a priority for many Australians and protecting the home and ensuring financial security is a key component in financial decision-making. Gary Lembit, senior manager of client ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... Sure, low and negative interest rate push equity prices higher but there won't be any wealth effect if consumers stayed home, don't travel, don't attend school or don't report for work - and even if they braved it out, find that their ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... balances are highlighted on International Women's Day. The two key factors for a more comfortable retirement are marriage and home ownership, but with higher divorce rates and escalating property prices closing the gap in super balances is more important ...

QIC names new head of global private capital

KANIKA SOOD  |  FRIDAY, 6 MAR 2020
QIC is bringing home an executive from its US business to replace Marcus Simpson, who recently retired as the head of global private capital. Stephen Whatmore is moving into the role after leading the North American team and setting up the QIC global ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
... people are unable to go shopping, consume less (recreation, entertainment, travel) and "well" people will prefer to stay at home, scared of being infected. The coronavirus has brought upon us a crisis in supply and demand and from the financial markets' ...

JP Morgan's coronavirus contingency plan

ALLY SELBY  |  THURSDAY, 5 MAR 2020
... virus develops into a global pandemic. Thousands of the bank's US employees have been asked to spend a day working from home in the coming weeks; in a bid to iron out any kinks should the virus spread throughout the United States, causing JP Morgan ...

Aussie at center of international scheme

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
... promised consumers that it could teach them how to start a successful online business and earn six-figure incomes working from home, and consumers lost millions of dollars as a result." "With this action, we've put an end to the MOBE scheme, but consumers ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... impairment (rather than physical incapacity) don't face unintended hurdles in the claim process," the fund said. Cbus is home to more than 761,000 members and $52 billion in funds under management. In December 2019, Cbus said half of all its members ...

Fidelity sweeps Morningstar Australia Awards

KANIKA SOOD  |  MONDAY, 2 MAR 2020
... First Sentier Investors (formerly CFSGAM) and Hyperion Asset Management. GAM's systematic alternative risk premia team took home the fund manager of the year in undiscovered manager category, in welcome news for the manager as its parent company reports ...