COVID-19

Funds management

Faced with COVID-19 factors, Westpac has announced new and increased provisioning and asset write-downs totalling around $1.4 billion....

image
Financial planning

The Financial Planning Association has echoed the Association of Financial Advisers in calling on Choice to retract derogatory comments about financial planners....

image
Funds management

Amundi Asset Management says trying to time the bottom of the market is unrealistic and investors need to gradually consider opportunities....

image
Financial planning

A coalition of consumer groups have warned that accessing early release superannuation should be a last resort, suggesting that they talk to a financial counsellor rather...

image
Financial planning

The firm will also add three more franchise locations as its services are in high demand from investors trying to navigate the COVID-19 pandemic....

image
Funds management

Consensus earnings and dividend expectations globally remain too high and will be subject to significant downgrades in coming weeks, according to Janus Henderson....

image
Funds management

Bailouts are there to save jobs and businesses and the COVID-19 pandemic is a health and solvency crisis and shareholders have to pay their bit, Munro Partners believes....

image
Policy & Regulation

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....

image
Financial planning

The likelihood that businesses won’t restart and customers won’t be able to start paying down their mortgages have been factors in ratings house Fitch downgrading Westpac...

image
Financial planning

Centrepoint board and executive members have voluntarily taken a 20% pay reduction and non-executive staff have been invited to salary sacrifice six weeks’ leave over six...

image
Financial planning

Over 95% of businesses in the financial and insurance sectors remain operational during COVID-19, one of the highest rates in industry sectors, although more than half ha...

image
Funds management

Insync Funds Management has retained its holding in Booking Holdings, which runs the booking.com website, despite a wider negative outlook for travel stocks as it expects...

image
Financial planning

Business confidence has plunged day-by-day since the COVID-19 pandemic hit Australia and prompted the Government to increase social distancing restrictions....

image
Financial planning

Re-opening stalled Significant Investor Visa applications could inject up to $100 million into ailing start-up firms....

image
Funds management

The healthcare sector has outperformed the broad equity market during the COVID-19 crisis as investors reward companies with advanced research to address COVID-19, accord...

image
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

3 weeks 6 days ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

3 weeks 6 days ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

4 weeks ago

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

1 week 5 days ago

A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

3 weeks 5 days ago

The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider. ...

4 weeks 1 day ago