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Showing 111 - 120 of 501 results for "Spike"

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
It's bad news day on Wall Street overnight with all four its benchmark equity market indices flashing red. The S&P 500, the DJIA and the Nasdaq dropped by 0.9% each, while the Russell 2000 had a smaller decline of 0.3%. The financial literati were ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... out nearly as much in TPD claims in 2020 as the premiums they collected on TPD policies in the year. In group super, the spike may be attributed to lower premiums collected in 2020 after legislation turned off insurance on lower-balance accounts from ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... victims to purchase non-existent investment products. The Australian Financial Complaints Authority alerted consumers of the spike in finance-related scams, which made up 23% of the 34,047 new complaints in the six months to 30 December 2020.

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... economic activity, employment, and inflation, and poses considerable risks to the economic outlook". Not only that, the recent spike in US long bond yields - due to rising inflation expectations -- could throw another spanner in the works by negating ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... stay low for ever; and just a 1% increase in both would cost us over £25 billion." Inflation worries and the consequent spike in US bond yields have lifted sovereign bond yields almost everywhere. The yield on UK gilts have risen to a high of 0.80% ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... identify cases of unlicensed financial product advice and take action where appropriate. Since March 2020, ASIC has observed a spike in complaints about such conduct, including unlicensed financial advice provided through websites, social media, cold ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... latter surfaced at the thick of the coronavirus pandemic. General manager of Link Advice at Link Group Duncan McPherson saw a spike in the number of super fund members seeking help around budgeting, cash-flow planning and bill prioritisation during COVID-19. ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... March 28. The "shampoo-ers" argue that withdrawing JobKeeper "prematurely" would cause the country's unemployment to spike. Australian Federal Treasurer Josh Frydenberg has already ruled out the possibility of extending the government's "JobKeeper" ...

Financial sector has deep pockets for philanthropy: Report

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... profit. BHP gave the largest dollar value in the list of $221 million. Strive Philanthropy founder Jarrod Miles said the spike in giving in 2020 is warmly welcomed but won't be enough. "Sustainable philanthropy is about a change in thinking, not ...

ETF liquidity disappears: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
A new report from Morningstar has explored how ETFs performed in stressed market environments during February and March 2020, revealing liquidity suffered. ETFs, despite their reputation as extremely liquid instruments, could not escape the market turmoil ...