Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1401 - 1410 of 1758 results for "Covid"

AMP NZ wealth divestment off

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... any offers that met the company's expectations. It also pointed to the economic and market disruption caused by the COVID-19 pandemic as a reason for throwing its divestment plans out the window. "AMP held discussions with a number of interested ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... predicting that Britain would experience its worst recession in 300 years. Brexit was a stroll on Hyde Park compared with COVID-19. Ex-BOE governor Mark Carney must be thanking his lucky stars he only had to deal with the GFC and Grexit and Brexit. Andrew ...

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... said himself and Link chair Michael Carapiet have taken pay cuts to the tune of 50% over the next six months in response to COVID-19. Link's board and executive team have also taken cuts in the order of 20%. McMurtrie said the reductions are optional ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... be accessible. ASIC observed an average of 4675 new identifiers (signifying a new retail trader) per day in the period of COVID-19 induced volatility. A total of 140,241 identifiers ASIC had previously not observed were trading. Prior to this volatility ...

Investors back corporate bonds as COVID-19 winner

ALLY SELBY  |  THURSDAY, 7 MAY 2020
As COVID-19 batters the once celebrated yield-providing banks, investors have turned to corporate bonds in their search for income. Amid the spiraling economic environment, investors have become increasingly aware of the difference between "dividends" ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... significant increase of inquiries from frontline workers and their employers in the case of unemployment or death following the COVID-19 outbreak. "Some funds received up to a 136% increase in members making contact about their arrangements if they pass ...

Cbus ready to deploy cash

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
As COVID-19 pushes down asset prices, Cbus investment chief Kristian Fok is turning his focus to the buying opportunities ahead. The fund's board devalued its unlisted assets between 8-15% in response to COVID-19, and its March quarter returns stood ...

Insurtech investments down 54% in March quarter

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... P&C and L&H Insurtech funding is the largest we have observed since Q3 2016," WTW said. "...One could argue that, again, COVID-19 is a likely culprit for this stark disparity between P&C and L&H."

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... behaviour "solely between recklessness or intentional disregard". "Where someone exaggerates the magnitude of the impact of COVID-19 or they guess because they have made no effort to validate the effects, this may suggest that their behaviour is somewhere ...

Advice, but not as you know it

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
While it is probably too soon to know the full impact the COVID-19 crisis will have on the future of advice, it is fair to say it may not look the same when all's said and done. Speaking to Financial Standard chief executive of JANA, Jim Lamborn, said ...