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Showing 531 - 540 of 757 results for "Corona"

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
APRA is set to name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme. APRA has launched new data collection to assess the progress and impact of the government's temporary early ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee. Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
Tanking oil prices are the latest go-to excuse for the renewed downturn on Wall Street. But more than this, it's added to the challenges facing America's economy and its corporate sector. The US labour market has already deteriorated markedly ...

COVID-19 to lead to deglobalisation: Amundi

ALLY SELBY  |  TUESDAY, 21 APR 2020
Despite improving investor sentiment and inflows into emerging markets, the coronavirus pandemic will have a significant economic impact on several countries, as they struggle to manage the health emergency. That's according to Amundi Asset Mangement ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
The market impact of COVID-19 hit Australian Ethical to the tune of half a billion dollars in the first quarter, but strong inflows have helped limit the damage. The ethical wealth manager closed the first quarter on March 31 with $3.59 billion in funds ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
A debate over the adequacy of the superannuation guarantee has kicked off the Conference of Major Superannuation Funds, which is now being delivered online. Having been called off like many other events thanks to the COVID-19 pandemic, the Australian ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
Despite all the jaw dropping falls that investors have endured during the COVID-19 crisis, the US oil price crash overnight may just be the worst. The price of West Texas Intermediate crude oil for May plunged more than 190% during trade on Monday ...

Janus Henderson AGM to go ahead

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
Janus Henderson has announced its Annual General Meeting will go ahead in Denver, Colorado, as the terms of its governing documents prevent a virtual-only meeting. Still, no shareholders may attend. The global asset manager announced the changes to ...

Five day deadline tough but workable

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
One of Australia's largest superannuation administrators has responded to questions about how APRA's five day deadline for early release of super can be worked. Mercer head of industry and public sector funds Jo-Anne Bloch explained that administrators ...