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Showing 1451 - 1460 of 1758 results for "Covid"

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... to a downturn worse than the Great Depression. Anthony Doyle, cross-asset specialist at Fidelity, said lockdowns due to COVID-19 have led to an unprecedented collapse in economic activity, provoking different fiscal responses across developed and emerging ...

Investment approaches in change phase

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
The COVID-19 crisis may be the push superannuation funds needed as investment processes make the switch from strategic asset allocation (SAA) to a total portfolio approach (TPA). At the end of 2019, before the effects of the pandemic reached Australian ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... ASIC announced a raft of measures aimed at assisting the industry with providing affordable and timely advice during the COVID-19 crisis, namely the early release of super. As part of this, ASIC issued a temporary no-action position for superannuation ...

Advice chief leaves industry fund giant

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... new role as Mercer's chief risk and compliance officer. UniSuper said that for the moment, it is more focused on the COVID-19 pandemic than on finding permanent replacements for McCartney and Yadav. "UniSuper has put the selection process for these ...

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
COVID-19 will shave off more than $3.5 billion from the banking and finance industry in lost wages and profits in the four months to July, according to Deloitte Access Economics. Deloitte Access Economics Partners partner Chris Richardson estimates ...

Financial services boards overpaid: Research

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... data from November 2019 to detail the key decision-makers facing tough calls in corporate Australia's response to the COVID-19 crisis. According to Apollo chief executive Adam Connolly, the firm's analysis demonstrates the value shareholders ...

Adviser bans fall

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... strategy for 2020. However, ASIC recalibrated its regulatory priorities in mid-April to focus on challenges created by the COVID-19 crisis and any highly significant or urgent matters. ASIC deputy chair Daniel Crennan said: "Our enforcement work will ...

AZ NGA makes 64th acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... experienced partner to help us capitalise on opportunities and cement our place in this emerging advice profession," he said. "The COVID-19 crisis reinforces the relevance and importance of life insurance. At this time, we are more active than ever. ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
... June 2020 headline CPI forecast to 1.6% (February 2020 Statement on Monetary Policy) from 1.9% (November 2019 SoMP). Then COVID-19 this way came... igniting panic-buying (towards the end of the first quarter). "There were some price effects of COVID-19 ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... reduction in profits for 1H20 compared to last year as it defers its interim dividend awaiting greater clarity of the impact COVID-19 will have. The big bank's half-year results show a statutory profit after tax of $1.55 billion, down 51% on the ...