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Showing 981 - 990 of 1326 results for "Pandemic"

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... which drove the $8.4 billion addition to our credit loss reserve in the second quarter. "While the negative impact of the pandemic is unprecedented and many of our business drivers were negatively impacted, our franchise should perform better, and we ...

Statewide overhauls risk management approach

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... certified identification processes which provided a solution for members who were isolated as a response to the COVID-19 pandemic." Muir said Statewide is optimistic about the uses for things like AI, but said it will also ensure members are able to ...

Super fund satisfaction mixed, SMSFs unhappy

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... month at 5,851," Levine said. "The impressive share-market performance in turn relies on Australia keeping control of the pandemic..." Investment Trends said half of super fund members believe it will take 12 months or longer for their super balance ...

Global public debt to reach 101.5% of GDP: IMF

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic. In the face of a sharp decline in global output, a massive fiscal response has been necessary to increase health capacity ...

Chief economist update: Good as gold

BENJAMIN ONG  |  MONDAY, 13 JUL 2020
The coronavirus pandemic has affected lives, livelihood and financial markets around the world. Commodity markets were no exception. S&P GSCI commodity price index dropped by 48.7% to a 17-year low of 228.24 points in April from this year's high ...

Australians without advice struggle in pandemic: Research

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... COVID-19 crisis. One in three (33.6%) of those currently advised said their mental health suffered as a result of the pandemic. The impact of financial advice on Australian's long-term goals was also positive, with 72.1% saying they feel reasonably or ...

FASEA brings back remote tests

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
... professional development (CPD) they are required to do under the FASEA rules. The authority recognised that the COVID-19 pandemic is making several elements of professional life challenging for financial advisers and so moved to temporarily ease the ...

US surpasses Asia Pacific for HNWI growth

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
... total wealth of all HNWIs. However, even the exceptionally wealthy did not manage to avoid the impacts of the COVID-19 pandemic. The World Federation of Exchanges estimates that COVID-19 erased more than $18 trillion from markets in February and March ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
Specialist wealth management platform Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year. Shares in Netwealth lifted nearly 16% during trade on Thursday to hit new all-time ...

Insurance premiums soar at Qantas Super

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... insurers to MetLife. The fund blamed a range of factors for the increase, mostly surrounding the effects of the COVID-19 pandemic. "A range of factors mean that our insurer considers it is more likely that members will make insurance claims for some ...