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Showing 711 - 720 of 3136 results for "Crisis"

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... previously provided to the committee. Many super funds have spoken of liquidity issues since the outbreak of the COVID-19 crisis due to the market crash and the government's stimulus package allowing struggling members to gain early access to up ...

Your super is safe with us: Silk

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... that members change investment options is in response to market volatility. We saw this happen during the global financial crisis," Silk said. "Experience tells us that this is ill-advised, as they won't be in a position to benefit when markets rebound ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
... 30,000 more businesses, in a bid to assist commercial landlords struggling to do the right thing by their tenants during the crisis. The Australian Banking Association's (ABA) small business relief package now extends to 98% of businesses with loans ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... and not satisfied with their accommodation. At the end of the day, what will be the new world economic order after this crisis has passed?

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... are unlikely to receive any further remediation. To date, the Cassimatis' have maintained it was the Global Financial Crisis that led to the losses - not the Storm model. Storm clients included a part-time librarian on $17,500 a year and his retired ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... surpasses 21,000, the global economy has taken a beating that many have described as being worse than the Global Financial Crisis of 2008. With about 3000 confirmed cases in Australia, according to the Department of Health, social distancing measures ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... level of unemployment has grown since the government launched the initiative as part of its wider economic response to the crisis. "Rice Warner's estimates for the industry is in the range $40 to $50 billion as we expect the level of unemployment has ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... and Macquarie Bank. Westpac acting chief executive Peter King said the bank was determined to assist customers during the crisis. "This is a once in a lifetime event and a united response by government, regulators and corporate Australia is exactly what ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... "There's no liquidity stress at La Trobe Financial," chief investment officer Chris Andrews said. "Given the extent of the crisis, we are overweight cash in our shorter term funds to ensure we can meet redemptions." La Trobe's working case for ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... him to institute the same measures for SMSF pensioners that the Rudd Government introduced during the Global Financial Crisis. In 2008, the government made a temporary reduction to the minimum pension payment to assist SMSF pensioners who suddenly found ...