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|Diversification has emerged as many investors' saving grace during the COVID-19 sell-off, however more than a third are disappointed with their performance during the downturn. That's according to research coming out of global investment consultant ...|
|Australia's banks will extend the six-month deferral of loans to 30,000 more businesses, in a bid to assist commercial landlords struggling to do the right thing by their tenants during the crisis. The Australian Banking Association's (ABA) small business ...|
|In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week . It comes after Australia's biggest bank, the Commonwealth Bank ...|
|Advisers are the most trusted source of information surrounding the impacts of COVID-19, above government sources and the media, according to research coming out of MLC Wealth. It's a key finding of a survey of over 1600 MLC clients and members ...|
|The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...|
|ASX-listed wealth and advice business Fiducian has assured its shareholders that none of its investors or superannuation members have been disadvantaged so far amid the COVID-19 pandemic. Work is currently ongoing for the acquisition of new financial ...|
|AMP has withdrawn its full-year 2020 outlook as a result of ongoing economic uncertainty. Announcing the move to the ASX this morning, AMP said its capital position and liquidity will help it navigate the uncertain environment but providing an accurate ...|
|The Dow Jones Industrial Average has posted second day of gains, rising 2.4% after witnessing its best one-day percentage gain since the Great Depression on Tuesday. "Turnaround Tuesday" saw the bourse surging 11.4% or 2112.98 points during trading ...|
|New research reveals that nine in 10 Australians believe the finance sector has a key role to play in generating positive social, environmental and economic outcomes for the nation. The study comes out of Australian Ethical and Responsible Investment ...|
|With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic. deVere Group founder and chief executive Nigel Green said ...|
Phil King's Regal Funds Management has returned money to external investors for one of its smaller funds, but will continue to run the strategy internally.
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week.
Pinnacle Investment Management's director of institutional sales is leaving the role for a $12.8 billion multi-boutique.
The major life insurer has confirmed several roles within its life insurance distribution team have been made redundant as a result of a restructure.
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