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Performance analyst jobs hold steady in COVID-19

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
Performance analysts and more broadly, investment data professionals have been in strong demand throughout the COVID-19 pandemic, according to Kaizen Recruitment. The role -- with responsibilities including calculating, attributing and benchmarking ...

Super fund pays it forward

JAMIE WILLIAMSON  |  THURSDAY, 14 MAY 2020
A superannuation fund is passing its government stimulus on to members who have been forced to withdraw from their accounts under the early release scheme. Future Super has decided it will pass on its government stimulus to members whose account balances ...

Asset allocation in a post-pandemic world

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... allocation alone will be more difficult with developed world bond yields at extremely low levels and cash rates anchored close to zero in the near term," Wilson said. "The latent diversification potential available to Australian investors from holding ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... secured a significant program of remediation for consumers," she said. "Over $160 million will be back in the pockets of close to half a million consumers sold this junk insurance. "Our trifecta of regulatory action - the 2019 report, enforcement investigations ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...

Processes are the problem, not people: Count Financial

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
The majority of the problems faced by practices in delivering advice efficiently can be attributed to process issues not people, according to Count Financial. Countplus acquired the Count Financial from the Commonwealth Bank late last year for just ...

Majority of ERS applications from low balance accounts: AMP

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... applications from clients in the first two weeks since the scheme launched, releasing approximately $370 million. AMP said close to one in five AMP clients working in the hospitality industry have applied for the withdrawal during the first two weeks. ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... 22,529 members as part of the early release of super scheme to May 3. The CFS Rollover and Superannuation Fund paid out close to $6 million to 628 members. About 6% of the total payments made by CFS took longer than five business days.

Investors pile into companies on life support

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... onto challenged business models." There is a major risk that there will be a second wave of COVID-19, forcing businesses to close their doors once again, he said. "There are already companies on life support in very tough sectors that will likely be ...

Compliance crackdown, consultations on horizon: ASX

ALLY SELBY  |  TUESDAY, 12 MAY 2020
The chief compliance officer of the ASX has revealed the stock exchange is continuing to focus on advisers gouging fees during the COVID-19 crisis, and revealed the several consultations it has on the horizon. Speaking over the phone for the Governance ...