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Showing 531 - 540 of 2161 results for "Extra"

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... - and announced a new series of non-targeted pandemic emergency longer-term refinancing operations (PELTROs) to provide extra liquidity to banks. In early May, the ECB forecast GDP growth to contract between 5% (mild scenario) and 12% (severe) in 2020. ...

The future is fast arriving: BlackRock

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
The shock of the COVID-19 pandemic, which has now claimed more than 350,400 lives and will likely cost the global economy $1 trillion, has set off a chain reaction that will forever change our long-term return expectations and strategic allocations. ...

Banks accused of violating worker ethics

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
In a new report, the Finance Sector Union has delved into how the industry's "capitalist ethics" violate the ethical integrity of workers. The report was commissioned by the FSU and completed by the Religion and Social Policy Network of the University ...

MLC launches new advice business

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
MLC has introduced a new advice business to the market, retiring the Apogee, Garvan and Meritum brands and appointing a general manager to lead the venture. Following on from the announcement in August last year that Apogee, Garvan and Meritum would ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
The Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility ...

AMP Capital cuts fees on equities fund

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
AMP Capital has dropped the management fees on its ESG-focused equities fund by 15bps, while also updating its screening thresholds. The AMP Capital Sustainable Share Fund will shift from charging 70 bps per year to 55 bps per year. It has tightened ...

Realigning remuneration expectations

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
Incentives could be 30-40% lower in 2020 owing to COVID-19 and underperforming investment products, according to a new compensation report covering asset management, insurance and sales. This year is "unusually important" for salaries as the trifecta ...

Road to recovery

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
While it is clear it will take some time for the world to return to what it once was, the focus is now on recovery and what the post-pandemic world will look like. Kyle Loades, chair of the Australian Transformation and Turnaround Association (AusTTA) ...

South Australian wealth firms merge

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
An Adelaide wealth advisory and accounting practice has acquired a private wealth firm that was named the Financial Planning Association of Australia's Professional Practice of the Year in 2018. Perks is expanding its Perks Private Wealth business after ...

Advisers split on COVID-19 opportunity

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
New research shows financial advisers are split down the middle when it comes to deciding whether COVID-19 is an opportunity to pick up new business, or a time to focus on existing clients. Latest MLC Wealth analysis found that the COVID-19 pandemic ...