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Showing 691 - 700 of 1326 results for "Pandemic"

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... faced quite a few curveballs along the way; few companies are eager to draw attention to themselves in the midst of a pandemic. However, the financial services industry was relatively insulated from many of the impacts of COVID-19 felt by industries ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The COVID-19 pandemic has led to household wealth hitting a record high as Australians stashed their cash during a year plagued with volatile markets and an economic shutdown. Total household wealth increased 1.7% to a record high of $11.35 trillion ...

Real estate proves resilience: CoreLogic

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... completely immune from the effects of the economic downturn. ""This is not to say these suburbs have been unaffected by the pandemic; indeed, the high end of the Sydney market is generally more volatile to changes in economic conditions," she said. "However ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... going forward. In an end of year message, assistant commissioner Justin Micale said as Australia moves into 2021 and post-pandemic the primary purpose of super will remain to provide financial support during retirement. "As 2020 comes to a close I am ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
Slater and Gordon issued the embattled IPO Wealth Fund with a class action late last week. The firm will represent unitholders in the IPO Wealth Fund, which is currently being wound up by trustee Vasco Trustees after the Victorian Supreme Court ordered ...

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... was impacting workplace productivity and 49% significantly reduced spending. However, financial stress caused by the pandemic has sparked more positive financial habits with a 6% increase in the number of workers establishing a financial plan and saving ...

Commonwealth Super awards mandate for new strategy

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... particular thank the investment and operational team for managing this process through to conclusion in the midst of the pandemic." The portfolio will be aligned with CSC's exclusion policy and in line with Osmosis' ethical exclusion list, which ...

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
... to an end... very soon. The UK's transition period ends on 31 December 2020. Although sidelined by the coronavirus pandemic, the hard deadline can no longer be ignored. This close to D-day, a deal has yet to be struck. Instead, both the UK and the ...

GE, Cheesecake Factory pursued for disclosure violations

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... had on its business. The restaurant chain stated that its restaurants were "operating sustainably" during the COVID-19 pandemic. According to the SEC, this was materially false and misleading because the company's internal documents at the time showed ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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