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Showing 1221 - 1230 of 1326 results for "Pandemic"

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... responsible for ensuring their compliance with regulatory obligations - despite the difficulties imposed by the nature of the pandemic - and added there will be consequences for those who fail to do so. "It is important to maintain robust monitoring ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Global consulting firm McKinsey & Company has issued a new report on how the COVID-19 pandemic will impact wealth management in the Asia Pacific region, including what might happen if the virus continues to spread. "Past epidemic crises have had sharp ...

Listed infrastructure mispriced: FSI

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
First Sentier Investors believes listed infrastructure has been mispriced as a result of COVID-19 pandemic, creating a buying opportunity for shrewd investors. First Sentier deputy head of global listed infrastructure Andrew Greenup said global listed ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... effects of COVID-19. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the pandemic has resulted in a collapse in activity that is unlike anything experienced in this lifetime. "This is a crisis like no other ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... maybe, maybe not. As per the IMF: "Much worse growth outcomes are possible and maybe even likely. This would follow if the pandemic and containment measures last longer, emerging and developing economies are even more severely hit, tight financial conditions ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... pandemics. The warning came on the back of work ASIC is conducting around the possible introduction of exclusions for pandemic cover in new policies. ASIC is also allowing additional time to respond to ASIC notices. Those that receive a notice must contact ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' and directors' annual leave entitlements. ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly redemptions, allows only 5% of the funds' total net asset value for withdrawals ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
... infrastructure and property, which they have been to write down out-of-cycle as a result of the economic downturn caused by the pandemic. ISA said that while most Australians understand super is a long-term investment, a "sizeable minority" still make ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
... executive Peter King maintained the bank is well positioned to respond to the volatile environment amid the COVID-19 pandemic. However, Westpac's next results are expected to include an impairment charge in anticipation of credit losses that it expects ...