Search ResultsShowing 1 - 10 of 100+ results for "Magnitude"
Super funds asked to model early release impact
KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...
Will COVID-19 infect mortgages and RMBS?
ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... real estate financing market is in danger of inciting a liquidity freeze," Barrack said. "A market collapse of this magnitude would have catastrophic follow-on effects across the American economy." Meanwhile, closer to home La Trobe Financial (a non-bank ...
COVID-19 shaves $290bn off super
KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... superannuation, about $2.2 trillion is non-self-managed. If we apply a 13% fall to this, it implies a loss in the order of magnitude of $290 billion," Rainmaker executive director of research and compliance Alex Dunnin said. The country's largest superannuation ...
Why remediation jobs aren't short-term
ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... was likely to have to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. In its 2019 results, AMP estimated its remediation costs would hit $778 million. Many of the big banks have ...
Fund managers driven to alternatives: Report
ELIZA BAVIN  |  TUESDAY, 18 FEB 2020
... for non-traditional investments have a broad scope between different multisector managers. "What is notable is the magnitude of the allowable ranges and the portion of the budget currently being used," the report said. "Pendal introduced an alternative ...
Chief economist update: COVID-19 could hit Australia with triple whammy
BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... contained soon, job losses. For sure and for certain, this would take a toll on China's already slowing economy. The magnitude of the hit on Chinese GDP depends on how quickly (or not) COVID-19 is contained. The magnitude of the hit on Chinese GDP ...
Chief economist update: The rise and fall of oil
BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... climb in oil prices. Brent oil prices declined by 4.4% while the price of WTI oil dropped by 5.1%. To be sure, the magnitude of the price surge and consequent decline pales in comparison to the experience of September 14 when the price of WTI oil and ...
What you read in 2019: Financial advice
JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... following month the group sold off part of its advice arm to Viridian Advisory and shuttered its aligned dealer groups, Magnitude and Securitor. Advisers were given the option of going elsewhere, though many ultimately made the transition to Viridian ...
APRA joins in on Westpac scrutiny
ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... Executive Accountability Regime (BEAR) - or contravened APRA's prudential standards," the regulator said. "Given the magnitude and nature of the issues alleged by AUSTRAC, APRA is aiming to ensure that fundamental deficiencies in Westpac's risk management ...
Adviser moves show industry upheaval
ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... spokesperson said advice services for members have remained unchanged. Former Westpac-aligned dealer groups Securitor and Magnitude ceased during the period, with advisers choosing to exit or move to other licences. In August, Financial Standard reported ...
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