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Natalie Cameron

17 April 2020 • By Sarah Simpkins • 1 min read

AFCA appoints investments, super lead ombudsmen

The Australian Financial Complaints Authority (AFCA) has locked in heads from MLC Life and a national superannuation law practice to be its new lead ...

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BlackRock bites back at bailout claims

The world’s largest asset manager has hit back at suggestions it might profit from government contracts amid the global market crisis

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Investment platform records over double trading volume amid crisis

Platform provider Xplore Wealth saw roughly two to three times its normal level of trading in March, as investment managers repositioned their ...

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Government, APRA press super funds for quick early redemptions

The Morrison government has backed the prudential regulator’s guidance given on Thursday, setting the expectation for superannuation funds to make the ...

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IOOF shutters NZ business

IOOF has retired its Kiwi business, with its chief saying the move is part of the group’s greater simplification plan. The group has entered into ...

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Unemployment rises, but we haven’t seen the worst

Unemployment increased in March and is expected to soar in the months ahead as the full impact of the lockdown becomes clear. The unemployment rate ...

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Citi profit corroded by coronavirus, down 46%

Citigroup posted a profit of US$2.5 billion ($3.9 billion) for the first quarter, tumbling by almost half year-on-year, with its chief declaring the ...

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Aussie fintech closes massive funding round

The fintech will put the funds to work in accelerating worldwide growth, expanding its product offerings, and exploring acquisitions. Payments ...

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Global asset manager sees ‘lost decade’

The “V-shaped” recovery predicted by the International Monetary Fund (IMF) could take years to materialise, particularly in regions hit hardest by the ...

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Crisis socks Goldman Sachs asset management with $152.4m loss

Goldman Sachs recorded a US$96 million ($152.4 million) loss for its asset management business in the first quarter, as the group’s earnings nearly ...

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