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| | | The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ... |
| | | | Suggestions in response to the coronavirus pandemic that pausing superannuation contributions would stimulate the economy have been panned. Association of Superannuation Funds of Australia chief executive Martin Fahy was blunt in his assessment of the ... |
| | | | The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ... |
| | | | J. P. Morgan Asset Management said alternatives should no longer be viewed as some "other" asset class, as the low rate environment gives way for investors to find higher returns. Kerry Craig, J.P. Morgan executive director global market strategist ... |
| | | | MLC is lowering the fees for its MasterKey Fundamentals product for accounts above $150,000, and introducing a new core menu. From April 1, MasterKey Fundamentals will lower its fees for 58,000 clients and members. This is the new product which MLC ... |
| | | | Fee cuts are eating into fund managers' operating margins, sending them to post-GFC levels, according to new research from Deloitte unit Casey Quirk. Publically listed managers' operating margins tumbled an average of 5.2% annually over the ... |
| | | | Moody's have announced it is offering free research and views on the credit and economic impact of the coronavirus. It has launched a dedicated website that will be updated on an ongoing basis, bringing together insights from across the company, providing ... |
| | | | Financial advisers will need to provide every retail client a written statement explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted. The purpose, ASIC said ... |
| | | | Global markets, already feeling the burn from the spreading COVID-19 virus, have tumbled further, after Saudi Arabia sparked an oil price war which saw oil futures plunge more than 30%. Nearly $140 billion was wiped from the S&P/ASX 200 yesterday, as ... |
| | | | A start-up superannuation fund looking to raise fresh funds has postponed its plans to after June. Future Super met with strategic investors in financial services and impact investing earlier this year as it looked to kick start a capital raise for ... |
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