Weekly market update – week ending 24 February, 2020

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Investment markets and key developments over the past week Share markets pulled back over the last week as oil prices fell further, not helped by very poor economic data. However,... Read more continue reading

Zenith upgrades Nikko AM Australian Bond Fund to ‘Recommended’

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Nikko Asset Management Australia (Nikko AM) has announced that its Nikko AM Australian Bond Fund received an upgrade to ‘Recommended’ from Zenith Investment Partners on 16 April 2020. This comes... Read more continue reading

CommSec State of the States – April 2020

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Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work... Read more continue reading

Implementation of early access to superannuation

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The implementation of the early access to superannuation for those financially affected by COVID-19 is progressing well. The ATO are working closely with super funds to enable them to process... Read more continue reading

ETF Securities launches investor education ‘Partners Series’ making sense of the new normal

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In this unprecedented crisis, ETF Securities have collaborated with leading Australian and international investment professionals to discuss the big issues of the day and what these mean for investors. Titled... Read more continue reading

COVID-19 prompts spike in online banking, says MyState Bank

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MyState Bank customers are embracing digital banking and contactless payment technologies as a substitute for cash during the COVID-19 (Coronavirus) emergency. Recent data from MyState Bank reveals a significant shift... Read more continue reading

Businesses should use hibernation phase to position for long-term recovery

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Any steps taken by businesses now to review key functions such as funding models and service delivery could be instrumental in determining their viability on resumption of normal trading, according... Read more continue reading

ASIC moves against SMSF auditor misconduct

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ASIC has acted to disqualify, suspend or add conditions to the registration of a number of auditors of self-managed superannuation funds (SMSFs). The actions followed ASIC concerns about failures to... Read more continue reading

SMSF 2018-19 annual returns deferred to 30 June

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The Australian Tax Office’s announcement yesterday allowing an automatic deferral of SMSF lodgments to 30 June is further evidence of its flexible approach to issues during the COVID-19 (coronavirus) crisis... Read more continue reading

Household Capital adds UK home equity market expertise to team

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Household Capital, an independent, specialist retirement funding provider has announced it has expanded its team with the addition of key expertise in retirement funding customer operations. Jay Sewell has joined... Read more continue reading