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Search ResultsShowing 71 - 80 of 100+ results for Elizabeth McArthur
NAB remediation bill grows
ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
National Australia Bank has seen another $268 million added to its bill for customer remediation. The increase in customer-related remediation costs for the big bank comes to $188 million after tax. NAB says it expects the additional costs to reduce ...
Funds have five days to hand over cash: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...
BAS agents to give financial advice
ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
A new legislative instrument aimed at helping Australians to navigate the COVID-19 stimulus measures will allow BAS agents to offer financial advice to businesses. BAS agents can now legally advise businesses about their entitlements to the new JobKeeper ...
COVID-19 could end Centrelink stigma
ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Long lines outside Centrelink branches have become defining images of the effect the COVID-19 pandemic has had on the Australian economy. But what impact will it have on the stigma associated with welfare? When Prime Minister Scott Morrison said 2020 ...
Tail-risk hedging pays off for super fund
ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
A $10 billion industry superannuation fund has managed to lock in gains from a tail-risk hedging strategy during recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for ...
How wealth management must respond to COVID-19
ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Global consulting firm McKinsey & Company has issued a new report on how the COVID-19 pandemic will impact wealth management in the Asia Pacific region, including what might happen if the virus continues to spread. "Past epidemic crises have had sharp ...
Man Group hires from BlackRock
ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Man GLG, the discretionary investment manager of Man Group, has hired a new head of Asia ex-Japan equities from BlackRock. Andrew Swan will join Man GLG from Q3 this year and will be based in the Sydney office. Swan was most recently head of Asia and ...
Former Wallaby banned
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 APR 2020
Simon Poidevin has been banned from financial services for five years, with the Administrative Appeals Tribunal upholding ASIC's action. Poidevin was banned along with Damien Rodr following an investigation into trading in shares of DirectMoney ...
Ausbil promotes from within
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 APR 2020
Aussie equities manager Ausbil has made two key appointments, promoting from within on both occasions. Nicholas Condoleon, who has had a 14-year career at Ausbil so far has been promoted from head of equities research to co-portfolio manager for the ...
Westpac AUSTRAC bill continues to grow
ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...
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