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Showing 871 - 880 of 6513 results for "News"

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

Multi-asset strategies key in COVID-19 crisis: First Sentier

ALLY SELBY  |  THURSDAY, 23 APR 2020
The ability to adjust to rapidly changing economic data is a key advantage of flexible multi-asset strategies during the COVID-19 crisis. In an investor update, First Sentier Investors co-head of multi-asset solution, Kej Somaia said that although market ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
SMSFs have been granted an extension to the lodgement of annual returns to the ATO to June. The ATO said it made the decision in the wake of the financial effects of the COVID-19 outbreak. "The requirement for an SMSF to appoint an auditor 45 days before ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... AMP's Australian wealth management arm still suffered to the tune of $1.3 billion across the first quarter. It isn't all bad news for the wealth manager however. About $1.1 billion more in cash flowed into its wealth arm than this time last year, which ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
The ATO has confirmed the first batch of ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are ...

Credit value exists in emerging markets

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
Despite the havoc wrung on emerging markets (EM) by both COVID-19 and now the oil crash, a global fixed interest investment manager still sees value in the higher quality part of the market. Western Asset Management said the double-barreled shocks of ...

Market pain to continue: State Street

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... seen." As we learn more about the COVID-19 pandemic, he said, some uncertainty has been removed. "With markets reacting to news, we are now getting conditioned to coronavirus updates and should the next leg of the risk move be lower, it is likely to ...

Seek financial advice: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... services and financial technology Jane Hume has urged those who are confused to seek financial advice. In an interview with Sky News, Hume said the government now expects up to 1.7 million Australians to apply to access up to $20,000 of their super early. ...

Why COVID-19 could boost ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
As the world celebrates Earth Day today,the environmentally conscious in the investment industry have said COVID-19 could be the crisis that causes us to take climate change more seriously. Calvert Research president and chief executive John Streur ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
APRA is set to name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme. APRA has launched new data collection to assess the progress and impact of the government's temporary early ...