The latest issue of Financial Standard now available as an e-newspaper
| | TUESDAY, 14 JUL 2020 12:05PMAt a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.|
|The US has seen a bounce back in economic activity, but it's also presented new challenges.|
|The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic.|
|COVID-19 has affected lives, livelihood and financial markets around the world, and commodity markets were no exception.|
|New research has revealed the true value of advice, as the mental and financial wellbeing of Australia's unadvised population suffers from the impacts of the COVID-19 crisis.|
|As Melbourne has returned to a strict lockdown to battle a second wave of COVID-19, FASEA has responded by bringing back remote tests.|
|Customers of Qantas Super will see their insurance premiums rise substantially come 1 August 2020 now that the super fund has officially switched insurers to MetLife.|
|Australian Federal Treasurer Josh Frydenberg estimated that Victoria's lockdown will cost the about $1 billion a week "for the Victorian economy alone" - that is, not counting the multiplier effect on the national economy.|
|The UK chancellor has laid out initiatives to support, create and protect jobs.|
|There is a gaping void between what consumers once wanted from financial advice and what they want now and it's being accelerated by COVID-19, according to research from KPMG.|
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|