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Time for financials to step up: Study

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... their savings and superannuation to be invested ethically and responsibly. Further, more than two in three Australians do not want their money to contribute to the destruction of the planet, with fossil fuels being a key contention point. Of those surveyed ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Reserve Bank of Australia has injected around $2 billion into state bonds, as it expands its unconventional monetary policy measures. The move comes as a bid to revive the ability of the states, particularly New South Wales and Victoria, to borrow ...

TAL reviews life distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAR 2020
... this, a number of roles within some teams have changed and a number of roles have been removed," the spokesperson said. "We do not take these decisions lightly and we are working to redeploy as many people as possible across our business." The insurer ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... with income insurance could claim if their employer was forced to close due to the pandemic. "Income protection insurance is not business interruption insurance," Club Plus said. "Income protection insurance protects our members who are unable to work ...

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
UBS has listed which stocks to jump on and which to avoid in the event COVID-19 pushes Australia deep into a recession, with two listed wealth giants in its negative column. Analysts from global wealth giant UBS' Australian equities teams have called ...

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
Some of the nation's largest superannuation funds have revalued their unlisted assets to give members an up-to-date understanding of how COVID-19 is hitting their retirement savings. AustralianSuper has cut the value of its unlisted assets to the tune ...

IMAP not anticipating regulatory overhaul

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
The chair of IMAP does not expect a major overhaul of the managed accounts space when ASIC's focus returns to the MDA review. Earlier this week, ASIC announced the MDA review is being put on hold, after "recalibrating" its regulatory priorities as it ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... by many, particularly the more interesting domestic companies," Isles added. In contrast, Patel said the Chinese market was not an investment opportunity, as the bourse had not corrected significantly as expected. "China markets have really not corrected ...

Australian Unity investment boss to lead Mercer

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
Mercer has tapped Australian Unity's chief investment officer to lead its Australian office. Australian Unity chief investment officer and wealth and capital markets chief executive David Bryant has been appointed as Mercer Australia chief executive ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... and infrastructure exposures would need to avoid the mistakes made by funds during the GFC, whereby several super funds did not revalue their unlisted assets until APRA forced them to do so. "The result is that some members switched their investments ...