Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 711 - 720 of 3124 results for "Crisis"

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... they'll struggle to top-up their super fast enough to take advantage of the markets' recovery on the other side of the crisis," GigSuper said. The fund is calling on the government to create special measures for self-employed people. They want the ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... posing as agents who can help members gain early access to their superannuation savings to help them through the economic crisis brought about by COVID-19. "Fraud attempts based on the provision to access super early have already started to emerge," ...

Time for financials to step up: Study

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... Simon O'Connor said the spreading COVID-19 pandemic would change the financial sector as we know it. "The COVID-19 crisis is reinforcing how interconnected our societal wellbeing is with business and our economy," he said. "It's no longer acceptable ...

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... estimating it will see $25 billion pulled from super. The government announced it will allow workers affected by the COVID-19 crisis to pull as much as $20,000 out of their superannuation, in two tranches of $10,000 each. The convenor of the Actuaries ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
Two industry super funds have pushed back the date for their merger due to the COVID-19 global crisis. Tasplan and MTAA Super were initially scheduled to merge on 1 October 2020, but have now extended the timeline to finalise the deal until 31 March ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
... analysts pointed to 10 Australian-listed high conviction undervalued stocks, which they believe, can withstand the COVID-19 crisis. These only included two financials, those being Westpac and NAB. Other picks included BHP Group, Blackmores, Premier Investments ...

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... trading below 0.9x dated book value for the first time in 27 years. With sales at supermarkets spiking as a result of the crisis, UBS said Woolworths was also on its good side. "Sales in supermarkets have spiked materially, with channel checks suggesting ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... country's social fabric for over 100 years. The industry played a pivotal role leading communities through the recent bushfire crisis and the drought - in the same way clubs have supported returned servicemen and women since WWI." ClubsNSW said its ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... markets, is when people are fearful, Isles argues. "Make no mistake, there will be some businesses unable to survive the crisis, but others will likely come out stronger on the other side," he said. "Emerging markets are a diverse opportunity set, and ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... especially after the government allowed early access to superannuation for Australian's under financial stress amid the crisis. "These contributions to fee income will have fallen considerably, and several funds will now be in a position where they ...