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No new ASX 200 names this quarter

KANIKA SOOD  |  FRIDAY, 27 MAR 2020
For the first time since 2001, S&P has delayed its quarterly rebalance of the ASX 200 amid volatility, in what industry watchers say could help ETF investors save costs, but raises questions about the passive versus active nature of indices. S&P Dow ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... operating in when considering any complaints that may arise, as well as any revised regulatory standards or guidance that may apply." He added that AFCA recognises small business owners and consumers are under a lot of pressure amid the fallout from ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... specifically committed to supporting those in the aviation industry whose employment has been impacted by COVID-19, urging them to apply for the available roles.

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... "Once the early access to super payments become available (this is expected to be around mid-April), members will be able to apply through myGov directly. You shouldn't need a third party to assist with this application," the fund told members. The ...

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... as at March 12. "Of Australia's $2.9 trillion overall in superannuation, about $2.2 trillion is non-self-managed. If we apply a 13% fall to this, it implies a loss in the order of magnitude of $290 billion," Rainmaker executive director of research and ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... you are not covered for income protection insurance," it said. On March 23, Club Plus instructed members on how they could apply for early release of up to $10,000 from their super if they have been negatively impacted by COVID-19 and the shutdown. Clubs ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... introduces measures to combat the impact of COVID-19. The ABA said the move is designed to combat unemployment and will apply to over $100 billion of existing small business loans. ABA chief executive Anna Bligh said that depending on customer take-up ...

Stand still, get left behind

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... investment managers to prove that they are active on ESG without resorting to blanket exclusions, he explained. "It's easy to apply negative ESG screens to a selection of companies but it's much harder to try to analyse the positive ESG attributes ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... clients did not experience a change to their base rate across the first two years of their policy. However the new rates will apply from the second renewal. While the firm was able to "broadly" move inforce policies to the new business rates after its ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... new Australian regime. Overseas firms holding a new foreign entities license will be exempt from some obligations which apply to AFS licensees, including financial requirements, with ASIC satisfied similar regulatory supervision and outcomes will be ...