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| | | Superannuation funds are set to permanently avoid negative tax outcomes upon merging, after an amendment bill sailed through parliament yesterday. While the FASEA extension stalled yesterday, the parliament successfully shepherded the government's Treasury ... |
| | | | "Tell him he's dreaming!" The Australian Bureau of Statistics' (ABS) report showing that the country's unemployment rose from 5.2% in March to ONLY 6.2% in April surely is a pleasant dream considering the nightmarish backdrop of the long ... |
| | | | ... (like asset management) becomes necessary by riskier. The report says portfolio managers and senior management will have to show greater commitment in 2020 (in regards to sale), increasing interaction with key clients and channels. It says sales compensation ... |
| | | | ... Australians as the impacts of COVID-19 continue. The volumes are not beyond the levels expected across the industry but they do show just how tough it is for many people right now." The data also showed funds catering predominantly to essential services ... |
| | | | In uncertain times clients may not be as risk tolerant as previously thought, the virtual Challenger Financial Standard Technical Services Forum has heard. Digitally presenting, Challenger's head of technical services Andrew Lowe said many financial ... |
| | | | Market volatility is unavoidable, especially after a significant crash, but focusing on practical techniques to limit behavioural risk can help financial advisers limit the fear, anxiety and grief that they and their clients may be feeling. Behavioural ... |
| | | | ... uncertainty, fear, forced and panic selling, as well as reduced liquidity, are all contributing factors and all measures show a recent spike in, and currently elevated levels of, volatility." To calculate intraday volatility, Allan Gray measured the ... |
| | | | ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ... |
| | | | Self-funded retirees have seen their nest-egg investment assets plunge due to COVID-19 and pressure from APRA on companies to cut dividends has made matters worse, according to Midsec Financial Advice. Midsec director Phillip Middleton said APRA's pressure ... |
| | | | Former financial adviser Anthony Dick pleaded guilty to 11 counts of dishonestly using his clients' money for his own personal use. Dick was charged in February this year after an ASIC investigation revealed he had accessed and transferred around ... |
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