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RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... news for the path of the economy, especially in the near term." Powell's correct to be concerned. Worldometer figures show the US tops the COVID-19 list in terms of total cases of infections, new cases, total deaths, new deaths and total active cases ...

Millions of workers facing financial stress: AMP

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
Severe and moderate levels of financial stress are impacting around 1.8 million Australian workers, according to AMP's latest Financial Wellness study. AMP said of those 1.8 million, nearly half have been feeling financially stressed for an average ...

Invesco advances active non-transparent ETF

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
Invesco is closer to launching a new ETF model in the US that hides the fund's investment strategy and some of its holdings. The global investment manager is in the final regulatory stage of having its active non-transparent ETF model approved. ...

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... medical condition with no chance of recovery may be paid a single lump sum benefit with no waiting period, updated definitions show. The medical conditions also now include items such as chronic lung disease and cardiomyopathy. Other changes the super ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... decrease in cash profit down for the September quarter due to lower margins and higher expenses. The preliminary figures show cash profits down 16% to $1.8 billion on the same period in the previous year. The bank noted its net interest margin was lower ...

New York hedge fund invests in Thorney LIC

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
Alex Waislitz's Thorney Technologies LIC which invests in tech companies has attracted investment from New York's Woodson Capital Management. TEK conducted a $27 million placement to institutional, professional and sophisticated investors, as a part ...

Super funds overlook digital engagement

KARREN VERGARA  |  TUESDAY, 10 NOV 2020
Superannuation funds are missing an opportunity to engage with younger members, who are increasingly becoming dissatisfied with their providers, via digital engagement. The inaugural Superannuation Stealth Survey conducted by SS&C Technologies Holdings ...

Masters of Business and Empathy aims to improve on MBA

ELIZABETH MCARTHUR  |  TUESDAY, 10 NOV 2020
A new course has launched, called the Masters of Business and Empathy, which aims to improve on the traditional Master of Business Administration (MBA). Small Giants Academy has launched the course, which they say is the first in the world. "We saw ...

Culture creates better outcomes: Research

ANNABELLE DICKSON  |  MONDAY, 9 NOV 2020
Investment leaders from around the world believe workplace culture is more integral to influencing good organisational outcomes than business strategy, a new study shows. The Thinking Ahead Institute's latest survey of 27 global decision makers from ...