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ASX
Funds management
Faced with COVID-19 factors, Westpac has announced new and increased provisioning and asset write-downs totalling around $1.4 billion....
Funds management
ETF trading volumes continued to grow in March, hitting an all-time high of $18 billion in turnover, according to BetaShares. ...
Financial planning
Financial services software firm, Iress has decided to withdraw its FY20 guidance due to ‘the broader uncertainty surrounding COVID-19’. ...
Funds management
First it was industry superannuation funds announcing downward revaluations of their unlisted assets, now major property funds started announcing similar processes....
Funds management
The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic....
Superannuation
The decision by the owners of research and ratings house Zenith to call off their bid for Chant West has resulted in the initiation of court action....
Funds management
There is likely to be a ‘lasting reduction’ in demand for travel firms and cruise companies even after the market recovers from COVID-19, according to Magellan....
Funds management
AMP Capital predicts ASX200 dividends will be cut by a third over the next 12 months, a larger cut to dividends than during the global financial crisis....
Funds management
The current state of market offers great opportunities for contrarian investors with a focus on fundamentals, Allan Gray’s chief investment officer said....
Financial planning
Despite the current market uncertainty, OneVue has confirmed its continuing expectation that it will complete the transaction for the sale of Madison Financial Group in A...
Financial planning
AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...
Funds management
There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...
Funds management
Travel firms Flight Centre Travel Group and HelloWorld Travel have both announced changes to its business models in light of the updated travel restrictions....
Features
Mike Taylor writes that the services of experienced financial advisers have never been in greater demand as clients attempt to come to terms with the market volatility be...
Features
The chaos caused by COVID-19 is likely to be the final straw to tip Australia into its first recession in 30 years, with managers saying it could be ‘hard to escape’, Lau...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...