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Showing 1551 - 1560 of 1758 results for "Covid"

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... a highly paid team of investment professionals doesn't mean much when a Black Swan event hits. Since the outbreak of COVID-19 there has been a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the Early ...

Not the time to sell products

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
While the arrival of the COVID-19 crisis may have come as a prime product selling opportunity for some, Allianz Retire+ chief executive Matt Rady is adamant that the more appropriate behaviour is to support advisers. Speaking to Financial Standard ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... superannuation fund has managed to lock in gains from a tail-risk hedging strategy during recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for a few years. Chief investment ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
Governments around the world are springing into action to leverage and safeguard pension pots during the COVID-19 economic and market turmoil. Australia in March allowed workers to withdraw $10,000 for this financial year and the next from their superannuation ...

AFCA extends complaints response time

ALLY SELBY  |  THURSDAY, 16 APR 2020
... provide a nine-day extension to consumers, small businesses and financial services firms to respond to complaints amid the COVID-19 crisis. The change comes into effect immediately and will apply to all complaints, AFCA said, including those relating ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... share price losses overnight (5.64%, 6.49%, 4.93% and 5.77% respectively). As earnings season reveals the true damage of COVID-19, Goldman Sachs disclosed its profits had plunged 46% in the last quarter. "Our quarterly profitability was inevitably affected ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... in a broadly home-based environment. "Firms need to ensure continued compliance with their regulatory obligations in the COVID-19 context, assessing the effectiveness of their business continuity plans and alternative working arrangements so as to comply ...

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 ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... However, the regulator noted that unrestricted non-preserved benefits can be cashed at any time by a member outside of the COVID-19 early release measures. For TRIS members, the ATO said they must meet the requirements of ordinary account-based pensions ...

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 ...