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Showing 911 - 920 of 1326 results for "Pandemic"

IOOF, LUCRF Super on ERS workload

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
... revealed that the government's early release of super program was one of the most challenging elements of the COVID-19 pandemic to adapt to. IOOF head of fund statutory reporting Paul Tsironis said that ERS resulted in a huge increase in workload. Speaking ...

ASFA sets out productivity plan

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... chief executive Martin Fahy praised the work super funds have done to support their members and the community during the pandemic. "Superannuation funds continue to deliver necessary services to members, have successfully implemented the Government's ...

Emerging market debt rebounds

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... factors." Godfrey said fundamental analysis is always critical, but all the more so in a period of differentiation. "With the pandemic not over, we are closely watching how countries confront the virus to protect the public and manage their economies," ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... morning reported $416 million in statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic. The -$416 million statutory NPAT is a stark contrast to previous years, where it reported $308 million in FY19 and $323 ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... modelling relying on that it called "highly questionable assumptions" around the adequacy of retirement incomes prior to the pandemic. "Grattan's modelling assumes everyone retires as a single, entitling them to a higher rate of pension than each member ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... ramping up its focus on reviewing valuation practices amongst investment managers to ensure they are reliable during the pandemic. ASIC's Interim Corporate Plan 2020/21 is reminding entities to ensure that the valuations of illiquid assets are regular ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... growth. For sure and for certain, risks remain for as long as the rest of the world isn't able to contain the COVID-19 pandemic. This is evident in countries such as Vietnam and Japan that were able to control transimissions early but are now experiencing ...

Maurice Blackburn slams FSC

ALLY SELBY  |  MONDAY, 10 AUG 2020
... out an entire insurance claim. "It's deeply troubling that the FSC is seeking to re-agitate this issue at the peak of a pandemic crisis which is devastating the employment prospects of all Australians, but particularly those living with injury and illness," ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
... period with our retail assets revalued by independent valuers in May and again at the end of June as the effects of the pandemic were becoming more apparent," GPT chief executive Bob Johnston said. "The independent valuers have made allowances for both ...