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Showing 1241 - 1250 of 1326 results for "Pandemic"

ClearView promotes resilience

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
ClearView has moved to allay concerns over its future amid the COVID-19 pandemic, informing the market that its regulatory capital position "appears resilient" to a range of stress testing scenarios. ClearView is prepared to make a range of responses ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
News that Wuhan, the epicentre of the COVID-19 pandemic, has now opened for business saw Wall Street surge overnight, with the S&P 500 once again entering bull market territory. From its March 23 lows, the S&P 500 has surged 23%, signifying the end ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... preparation for mass redemptions. As part of the Australian government's plan to keep the economy afloat during the COVID-19 pandemic, those who are having a hard time financially as a result of the crisis will be able to access up to $20,000 of their ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... every sector facing major challenges." It comes after Wall Street surged 7% on Monday night on hopes that the COVID-19 pandemic had reached its peak in Europe, with the daily death toll in Italy, Spain and France decreasing. Perpetual multi asset head ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... local market, including higher premiums across retail and group insurance offerings. According to the firm, the COVID-19 pandemic is raising many questions of life insurers, including how it covers claims on existing policies, and whether new cover will ...

1.5 metres to trigger real estate downfall

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... day after Prime Minister Scott Morrison announced a rent relief package for commercial tenants impacted by the COVID-19 pandemic. Investors are pricing in the impact of social distancing on REITs, Principal portfolio manager Janine Yoong said. "We are ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... starting in 2H20 and extending into 2021. "Unemployment is likely to spike sharply and remain very elevated relative to pre-pandemic levels even after the recovery is underway," Fitch said. "The current operating environment scores incorporate this base ...

FPA launches benchmarking tool

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... allow financial advisers to strengthen their systems and processes at a time when they need it most. "As the COVID-19 pandemic creates increasing volatility in financial markets and uncertainty among investors, financial planners need to ensure their ...

Super should shape up on unlisted valuations: WTW

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... line in determining what is equitable, transparent and defensible. "The speed at which markets have declined during this pandemic turned economic crisis is far faster than that experienced during the GFC," Kelly said. "During periods of heightened volatility ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... lifeline in Australia's history." Morrison positioned the government's response to the economic fallout of the COVID-19 pandemic as an issue of "national sovereignty". "The government knows that many Australian businesses are under pressure and we won't ...