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Showing 1561 - 1570 of 1758 results for "Covid"

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... been forced to delay several major pieces of its regulatory workload in order to effectively deal with the challenges of COVID-19. The corporate regulator has deferred several significant regulatory projects which were set to shake up financial services ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
... group. Earlier this year GAM announced it would look to save about $123 million (CHF63 million) by 2022. Now, as a result of COVID-19, GAM will look to cut about $105 million (CHF65 million) in 2020 alone. The investment manager is accelerating its efforts ...

COVID-19 is not the only factor: deVere

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
To protect and grow wealth investors need to carefully monitor other major factors, not just COVID-19, according to deVere Group chief executive Nigel Green. The warning follows last week's sharp rally in global markets, with the MSCI experiencing its ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
The International Monetary Fund has predicted Australia's GDP will be -6.7% this year due to the effects of COVID-19. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the pandemic has resulted in a collapse ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... ASIC has announced three temporary measures to assist the industry with providing affordable and timely advice during the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' and directors' annual leave entitlements. ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... valuations from quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly redemptions, allows only 5% of the funds' total net asset value ...

Pendal reports $3.9bn in outflows, slips below $100 bn

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... off $17.7 million from Pendal's fee income, measuring the annualised effect, Pendal said. "Our experience during the COVID-19 so far has seen outflows from our cash and fixed interest mandates primarily from our institutional clients where there ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
... launched an advertising campaign to warn Australians against crystallising their losses amid the market turmoil caused by COVID-19. Re-using a line from the backing track present in its television commercials for years, Industry Super Australia has launched ...

FSC appoints deputy chief executive

ALLY SELBY  |  TUESDAY, 14 APR 2020
... delivering much needed services to Australians as we all work together to help mitigate the economic consequences of the COVID-19 crisis," he said. Prior to Briggs' role with Westpac, he worked with the FSC for more than six years. During his career ...