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Showing 671 - 680 of 3123 results for "Crisis"

Stimulus is finite: Prime Minister

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... response plan, Prime Minister Scott Morrison explained economic decisions have been made with modelling of the medical crisis in mind. "There are two parts to those charts," Morrison said in reference to the modelling. "One is the peak and the other ...

NFP super fund performance revealed

JAMIE WILLIAMSON  |  TUESDAY, 7 APR 2020
... 12-month return of -3%. For context, the average rolling 12-month return for the MySuper index during the Global Financial Crisis got as low as -20%," he said. "The YTD MySuper index return to March end is -6%." Rainmaker's analysis does not include ...

Open banking to charge on

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... reform for this moment." Sims said now is the time to expedite digital innovation, particularly given the current COVID-19 crisis. "CDR will mean that there will be common standards to the way data is transferred, how data is structured, and its security ...

No exclusions for frontline workers

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... financial technology, Senator Jane Hume, welcomed the announcement. "Our frontline workers are doing an amazing job in this crisis, and it's vital that we're ensuring their work won't adversely affect their life insurance cover," Hume said. "I thank ...

Opportunities in fixed interest during crisis

ALLY SELBY  |  TUESDAY, 7 APR 2020
There is opportunity in fixed income, credit and major bank debt amid the COVID-19 crisis; you just have to look for it, according to Janus Henderson head of Australian fixed interest Jay Sivapalan. Despite the illiquidity of the bond market, Sivapalan ...

Hundreds of thousands flock to early release

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... with the Tax Practitioners Board (TPB) as they work together to assist professionals navigate their clients through the crisis. The ATO and TPB said as the country confronts the COVID-19 crisis, many professionals would have seen impacts to clients and ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... priority, it's also important to keep one eye to the future and ensure we're not short-changing our super during this crisis."

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... 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 issues as a ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... calling for the banning of grandfathered commissions to be pushed back by two years to help advisers through the COVID-19 crisis. The proposed new date for the banning of grandfathered commissions would be 1 January 2023. The AIOFP also requested that ...

Melbourne fund tightens redemptions amid COVID-19

KANIKA SOOD  |  FRIDAY, 3 APR 2020
... daily to monthly, while new applications will continue to be accepted daily. "No doubt investors are aware of the COVID-19 crisis and the effect it is having on economics and financial markets globally," Newgate said in a letter to investors. "The fund ...