Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 901 - 910 of 6513 results for "News"

Liquid and ready: Cbus

ALLY SELBY  |  THURSDAY, 16 APR 2020
Cbus chief executive David Atkin says his $56 billion industry super fund is in a strong liquidity position to deal with the early super release scheme. And this was the case even prior to the government's Jobseeker payment announcement, he said. "Cbus ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
The COVID-19 pandemic could lead emerging markets to lose the last decade in progress, as the world sinks deeper into a global recession far worse than the Global Financial Crisis. That's according to State Street Global Advisors head of global ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
While industry professionals praised the government's stimulus package, the International Monetary Fund seems convinced it's not enough. So who is right? The IMF predicted that global growth will be -3.3% this year, while Australia's GDP will be significantly ...

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 ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
Having a highly paid team of investment professionals doesn't mean much when a Black Swan event hits. Since the outbreak of COVID-19 there has been a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the ...

Not the time to sell products

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
While the arrival of the COVID-19 crisis may have come as a prime product selling opportunity for some, Allianz Retire+ chief executive Matt Rady is adamant that the more appropriate behaviour is to support advisers. Speaking to Financial Standard ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... for March. Bloomberg reported that the Universa Investments fund returned 4144% year-to-date at the end of March. Following news of the hedge fund's eye watering returns, Taleb told Bloomberg Television that a pandemic like COVID-19 was entirely predictable ...

AFCA extends complaints response time

ALLY SELBY  |  THURSDAY, 16 APR 2020
The Australian Financial Complaints Authority (AFCA) will provide a nine-day extension to consumers, small businesses and financial services firms to respond to complaints amid the COVID-19 crisis. The change comes into effect immediately and will apply ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
The corporate regulator is warning companies keep their control framework in-line when working from home, after control failures led a betting agency to open a market covering the performance of the S&P/ASX 200 index. ASIC has publicly chided Sportsbet ...

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 ...