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Showing 551 - 560 of 732 results for "coronavirus"

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
A $10 billion industry superannuation fund has managed to lock in gains from a tail-risk hedging strategy during recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... such as 401(k) plans, 403(b) plans and traditional IRAs, as a part of its US$2 trillion stimulus package, called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Those who have been diagnosed with COVID-19, have a spouse or dependent ...

AFCA extends complaints response time

ALLY SELBY  |  THURSDAY, 16 APR 2020
The Australian Financial Complaints Authority (AFCA) will provide a nine-day extension to consumers, small businesses and financial services firms to respond to complaints amid the COVID-19 crisis. The change comes into effect immediately and will apply ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... Composite lost 1.44%. It comes as the US's biggest banks struggle to grapple with the impacts of the spreading coronavirus, with Citibank, Bank of America, JP Morgan and Wells Fargo all recording share price losses overnight (5.64%, 6.49%, 4.93% ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
The corporate regulator is warning companies keep their control framework in-line when working from home, after control failures led a betting agency to open a market covering the performance of the S&P/ASX 200 index. ASIC has publicly chided Sportsbet ...

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Global consulting firm McKinsey & Company has issued a new report on how the COVID-19 pandemic will impact wealth management in the Asia Pacific region, including what might happen if the virus continues to spread. "Past epidemic crises have had sharp ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... members super if it holds the account. "An individual cannot apply for a determination to release super under the coronavirus early access arrangements where the super amount is held by the ATO," the organisation said. "If the individual is not eligible ...

Listed infrastructure mispriced: FSI

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
First Sentier Investors believes listed infrastructure has been mispriced as a result of COVID-19 pandemic, creating a buying opportunity for shrewd investors. First Sentier deputy head of global listed infrastructure Andrew Greenup said global listed ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
ASIC has been forced to delay several major pieces of its regulatory workload in order to effectively deal with the challenges of COVID-19. The corporate regulator has deferred several significant regulatory projects which were set to shake up financial ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
GAM Investments has announced it is accelerating its efficiency program, confirming it has completed a round of voluntary redundancies while another is ongoing. It is also reviewing remuneration arrangements across the group. Earlier this year GAM announced ...