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Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... which will see eligible Australian's allowed to withdraw up to $10,000 from their super savings this financial year and next, to help nurse them through the economic impacts of the COVID-19 pandemic. The Senator pointed out the "strong support" of ...

FEW launches Livestream series

JAMIE WILLIAMSON  |  TUESDAY, 31 MAR 2020
... showcase industry leaders and experts four days a week, is open to all members and staff of FEW's corporate partners for the next 12 months. The first event took place on Thursday, March 19 and saw strong attendance, highlighting the need to stay ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
Prime Minister Scott Morrison today announced $130 billion of spending over the next six months to support the livelihoods of Australians who lose their jobs and income as a result of COVID-19. The government anticipates as many as six million Australians ...

Diversification pays off for some, but not all: bfinance

ALLY SELBY  |  MONDAY, 30 MAR 2020
... asset allocation but finding that 'rebalancing is challenging'." Liquidity risk was seen as the key area of concern over the next few weeks among investors, with downside risk coming in second. Interestingly, respondents were mixed on their predictions ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... Swanson said the firm will adjust premium rates ahead of an expected "wave" of changes across the life industry over the next six months.

Trust in advisers lifts as pandemic fear ensues

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... those who've never experienced a major market downturn, and those nearing or in retirement," he said. "This leads to next-level responsibility for financial advisers in addressing client needs." Advisers should continue to deliver timely and relevant ...

Cash management account to shutter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... Earlier this month, Netwealth and HUB24 cut their cash rates to zero following the Reserve Bank's rate cut to 0.50%. At the next rate cut, the two platforms stayed on hold instead of pushing cash management account rates to the negative territory ...

No new ASX 200 names this quarter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
... process." Other index providers have so far stuck to their rebalancing schedule. FTSE rebalanced last Friday and is due for the next one on May 31.

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... economic impacts of COVID-19 could access up to $10,000 of their superannuation balance this year, and a further $10,000 in the next financial year. The ACCC said almost all the reports it has received were about cold calls, with scammers claiming to ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... and the subsequent shutdown of many businesses to access up to $10,000 of their super this year and up to another $10,000 next year. "In what will be a double hit, self-employed people will be withdrawing funds from balances that are currently over 30% ...