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Showing 561 - 570 of 2155 results for "Extra"

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
The extraordinary COVID-19 stimulus package is in front of Parliament today, with what is expected to be a trillion dollar debt being scrutinised by politicians. Parliament met today to discuss the government's $130 billion JobKeeper payment, which ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... when it comes to superannuation. Pair this with an abundance of people losing their jobs, and it's clear that every extra dollar counts," Venkatesan said. "We're not simply deferring fees for six months - we're waiving 50% of the fees altogether. ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
The COVID-19 pandemic and subsequent economic slowdown has spurred a fight among financial advisers to retain commissions, amid news big institutions are turning them off earlier than the law requires. The Association of Independent Financial Professionals ...

Pandemic response concerns overblown

HARRISON WORLEY  |  FRIDAY, 3 APR 2020
... of the past. And it's probably the smart play this time too," he said. "Consider the numbers. We'll be borrowing about an extra 10% of national income. If we choose not to pay back a single cent of that, the growth in our economy over time will halve ...

Asset devaluation continues

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
Another industry super fund has reduced the value of its unlisted assets as the impact of the COVID-19 pandemic worsen. Hostplus has devalued assets within its property and infrastructure portfolios by a range of 7.5%-10% depending on the individual ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... portfolios move to cash, or buy equities which have fallen significantly since their February 21 peak, must now take an extra hit if they exit a fund. "Typically, the indicative net asset value is calculated at the midpoint of the bid (seller's price) ...

Chief economist update: AUD depreciation no cure for coronavirus

BENJAMIN ONG  |  THURSDAY, 2 APR 2020
... find their wares more competitive in the world market (even with higher tariffs). Not only that, exporters would receive an extra boost from their foreign currency-denominated earnings when they're translated back into home money. There's more! ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... requests for early release of superannuation, while superannuation fund administrators like Link and Mercer will also shoulder extra work load. Treasury's estimate is that Australians will withdraw about $27 billion but Rice Warner believes the number ...

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 ...

Investors flock to TCorp floating rate note

HARRISON WORLEY  |  MONDAY, 30 MAR 2020
TCorp has increased issuance into its 2025 floating rate note, as investors seek shelter from the COVID-19 pandemic and its impact on financial markets. With the COVID-19 pandemic continuing to impact financial markets, New South Wales' $108 billion ...