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Showing 601 - 610 of 757 results for "Corona"

Hundreds of thousands flock to early release

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
The Australian Taxation Office has confirmed over 361,000 Australians have registered their interest to access their superannuation savings early. Speaking to Financial Standard an ATO spokesperson said that while official applications for the COVID-19 ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties. Asked by Financial Standard how the government would handle funds that might face liquidity ...

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 ...

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 ...

Chief economist update: Different contagion, same fiscal policy divide

BENJAMIN ONG  |  MONDAY, 6 APR 2020
G'day inmates! Yes, Virginia, we're practically all inmates now thanks to the coronavirus pandemic that has forced almost every other government to place their citizens under house arrest. Some flaunt these government restriction, others demand ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
Industry groups want the government to make fast, cheap financial advice possible for those impacted by the COVID-19 downturn - especially when it comes to early access to super. The Regulatory Burden Taskforce - comprised of the Financial Planning ...

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
The US is facing a COVID-19 triggered recession that will be the worst on record, according to Bank of America economists. It comes as about 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the ...

Pandemic response concerns overblown

HARRISON WORLEY  |  FRIDAY, 3 APR 2020
Deloitte Access Economics is urging Australians to leave their concerns about the budgetary impact of Australia's response to COVID-19 at the door. New analysis by Deloitte Access Economics partner Chris Richardson shows Australians needn't be concerned ...

The shape of recovery

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
It's time to start thinking about recovery and what shape it might take; a U, a V or as some think, maybe even the Nike swoosh tick. Mark Zandi, chief economist at Moody's Analytics, likens his forecast to the Nike swoosh rather than a V- or U-shaped ...

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 ...