Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 561 - 570 of 2030 results for "Let"

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
APRA will not issue a new superannuation licence any time within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... needs before employers'. "We will support the legislation even if our suggestions are not adopted," Albanese clarified. "Never let the perfect be the enemy of the good, and this is good legislation." It was a sparse House of Representatives that met ...

A coronavirus-bitten cat bounce?

BENJAMIN ONG  |  TUESDAY, 7 APR 2020
Citizens of the world all, let us rejoice! Statistical evidences that the rate of deaths and infections from the coronavirus had been slowing have heartened equity market investors everywhere - from New York to Rio and ol' London town - underscored ...

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
Standing Committee on Economics chair Tim Wilson has written to superannuation funds seeking numbers on liquidity, unlisted assets and stimulus measures by April 29. In a letter sent to superannuation funds last Wednesday, Wilson has asked funds to ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... facing." Meanwhile, Colonial First State general manager, advice relationships Bryce Quirk wrote to advisers on 3 March 2020 to let them know grandfathered commissions would be turned off on managed investment funds and FirstChoice Employer Super. AIOFP ...

Chant West takes Zenith acquisition to court

KANIKA SOOD  |  MONDAY, 6 APR 2020
Chant West Holdings has filed proceedings in the Supreme Court of New South Wales after Zenith Investment Partners' subsidiary last week pulled out of a planned $12 million purchase of its superannuation business. CW Bidco Pty Limited (the Zenith ...

Melbourne fund tightens redemptions amid COVID-19

KANIKA SOOD  |  FRIDAY, 3 APR 2020
A Melbourne boutique has moved its real estate and infrastructure fund from daily redemptions to monthly, citing COVID-19 volatility and drawdown. Newgate Capital Partners wrote to investors on Wednesday, informing them of the changes in the Newgate ...

Pandemic response concerns overblown

HARRISON WORLEY  |  FRIDAY, 3 APR 2020
... Richardson said Australia may not even bother paying back what it's borrowed so far, suggesting the government could simply let the debt become a smaller share of the economy as it grows on the other side of the crisis. "That's what we did with the war-time ...

The shape of recovery

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
... Gives us the sugar hit we crave. But you can only throw a kitchen sink once. Maybe twice but it's a tough chuck," he said. "Let's face it no one really knows what letter it is going to be. We all have opinions. Hopefully it will be a V or a U but suspect ...