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Showing 651 - 660 of 732 results for "coronavirus"

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... introduced many important initiatives designed to provide valuable financial assistance as a result of impact of the coronavirus. We would encourage members to consider those options first, and only take money from their super if they have no other option." ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... also suffer as many severe cases and deaths as the UK". As at March 24, the UK has 8077 cases of infection from the coronavirus, 422 deaths and 135 recoveries, according to worldometer.com. According to the same website, Australia has 2144 cases, eight ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... markets, which in recent times had made somewhat of a comeback, are now cowering in the shadow of the rapidly spreading coronavirus. As the world falls into a recession, COVID-19 will have a disproportionate impact on emerging markets, with investors ...

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... a letter to AIOFP members, executive director Peter Johnston wrote that despite all the doom and gloom around the coronavirus and market correction, advisers have reason to look on the bright side. "There have been a number of significant political events ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... industry responds to Prime Minister Scott Morrison's proposal to allow Australians financially impacted by the coronavirus to withdraw up to $20,000 over the next two financial years from their superannuation balances, in the case they find themselves ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Although the outlook for 2020 looks bleak, recovery is on the cards for 2021, according to IMF managing director Kristalina Georgieva. Following a conference call of G20 finance ministers and Central Bank governors Georgieva said that while the human ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... for Murphy's Law that all other nations can learn from. The latest update shows that there are now 1887 cases of coronavirus infection in Australia -- relatively small for Australia's government to implement a total ban on socialising. But this ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
The government's $10,000 early release from superannuation allowance is higher than historic withdrawals, but a better option than freezing the superannuation guarantee. Prime Minister Scott Morrison yesterday announced Australians will be able ...

US senators in alleged COVID-19 insider trading

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2020
A US senator who is married to the chair of the New York Stock Exchange is being accused of insider trading, having offloaded millions in stocks following private briefings on the likely impact of COVID-19 in late January. She is one of several senators ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
SMSFs are expected to outperform in the current climate, due to higher than average exposures to cash and other low volatility assets, according to Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares ...