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Showing 2251 - 2260 of 9740 results for "Major"

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... governor Philip Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very major" impact the virus is having on the economy and financial systems. "As the virus has spread, countries have restricted the ...

TAL reviews life distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAR 2020
The major life insurer has confirmed several roles within its life insurance distribution team have been made redundant as a result of a restructure. A spokesperson for TAL has confirmed to Financial Standard that a recent review of its business units ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
... impact has hit firms across the world - there's been immense international disruption - with many sectors experiencing major issues of supply, demand, or both. "However there remain some sections of the economy which are benefitting from the coronavirus ...

IMAP not anticipating regulatory overhaul

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
The chair of IMAP does not expect a major overhaul of the managed accounts space when ASIC's focus returns to the MDA review. Earlier this week, ASIC announced the MDA review is being put on hold, after "recalibrating" its regulatory priorities as it ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... countries work together they can protect people and limit the economic damage. "This is a moment for solidarity-which was a major theme of the meeting today," Georgieva said. "The outlook for global growth for 2020 it is negative-a recession at least ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
APRA's June update to the MySuper heat map is in question, as the prudential regulator suspends the majority of its supervisory and policy initiatives to zero in on the health of its regulated entities amid COVID-19. The prudential regulator has ...

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
... virus for a second day running. This is reflected in China's stock market's relative outperformance. While most major equity markets have lost between a fifth and a third of their value this year-to-date, the Shanghai composite index is down ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... billion. "The actual fiscal deficit could be much larger. The less focused on revenue side of the budget has historically had a major impact on the fiscal balance. To put this in context, if revenues were to drop by a similar proportion (as a % of GDP) ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund. Slater ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... government bonds". Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very major" impact the virus is having on the economy and financial systems. "As the virus has spread, countries have restricted ...