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21 July 2020 • By Lachlan Maddock • 1 min read

Derivatives issuer cops suspension

ASIC has suspended the licence of a controversial retail over-the-counter derivatives issuer until 23 September 2020.  Union Standard International ...

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HUB24 FUA up by a third

HUB24 recorded a 34 per cent rise in funds under administration during the financial year from the year prior, to $17.2 billion, with record annual ...

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Top fundies picked healthcare, IT: Mercer

Investment managers with longer-term investment strategies and key allocations in healthcare and IT came out on top through the COVID volatility, ...

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Super funds finish financial year on rebound

Super funds have managed to navigate the COVID-induced financial crisis to fare better than expected, Chant West has reported, with half the growth ...

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COVID fractures US-China relations

COVID-19 may have put a nail in the coffin of US-China relations, with a resurgence in trade tensions likely as they compete for global dominance

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Super could see negative cash flows

As many as 60 per cent of Australia’s super funds could see negative cash flows at the end of FY20 as they fight market shocks, plummeting super ...

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APRA confirms early super surpasses Treasury $27bn limit

The superannuation funds have received approved applications for $28 billion under the early release scheme, blowing past the initial government ...

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Cut red tape to steal Hong Kong’s crown

A “once-in-a-generation” opportunity to make Australia a financial services hub is winning widespread support, but the government will have to change ...

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BlackRock sees massive inflows, hardens climate stance

BlackRock has seen record growth across a number of its offerings and taken a harder stance on sustainable investment, threatening a number of ...

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One-fifth of Aussies dropped or froze super contributions

One-fifth (21 per cent) of Australians have reduced or stopped their rate of retirement savings due to the COVID-19 meltdown, according to a new ...

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