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Showing 591 - 600 of 5174 results for "Yes"

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
The early release of super scheme has seen more than 5% of the accounts Link Group administers close. It comes as the group rolls out optional pay cuts to its leadership team. In a presentation to the Macquarie Australian Investors Conference yesterday ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
The $110 billion superannuation fund has decided to not appeal a Federal Court order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
The sale of Sargon's subsidiaries has yielded $29.6 million for its secured creditors including OneVue and Westpac, who will now have their claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
A superannuation startup is pushing ahead with a retail raise to be followed by an institutional one next month. GigSuper is aiming to raise $100,000 to $400,000 from retail investors, in a crowdfunded equity campaign launched yesterday. The fund is ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
US bourses fell overnight after data revealed 3.8 million Americans filed for unemployment last week. Over the past six weeks, 30.3 million Americans have filed claims for unemployment benefits as businesses shutter thanks to coronavirus shutdowns. ...

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... understanding that this too shall pass. Are lockdown and social distancing measures having an extreme impact on the economy? Yes. However, there is no underlying issue with Australia's economy that got us here, which should act as a source of confidence. ...

Platinum funds downgraded at Morningstar

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
Two funds from Platinum Asset Management were downgraded to bronze at Morningstar yesterday. The funds downgraded are the $8.5 billion Platinum International Fund and its P class, and the $39 million Platinum Global Fund. The biggest, the Platinum International ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... new business has taken a hit too, he admitted. "What about new business activity where you're in the process of winning? Yes. There's some slowdown in mandate-type decisions," O'Grady said. Listed platform Xplore Wealth recently delayed its transition ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
A new legislative instrument aimed at helping Australians to navigate the COVID-19 stimulus measures will allow BAS agents to offer financial advice to businesses. BAS agents can now legally advise businesses about their entitlements to the new JobKeeper ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... coronavirus everyday (well, hope not). The Australian Bureau of Statistics' (ABS) reported that employment increased (yes, it's up) by 5900 in March and the unemployment rate ticked up by an itsy-bitsy-teenie-weenie 0.1 percentage point to 5.2% ...