George Lucas is chief executive officer of micro-investing platform Raiz Invest Limited. Since launching in 2016 the platform, which is targeted at a younger demographic, has grown to more than 218,000 active monthly customers and over $404 million in funds under management.
Executive recruiter E.L Consult's May 2020 summary shows demand for new executive positions slowing down as more organisations are making due with what they have while management and most staff are working remotely.
Netflix, Stan, and Disney may have some new competition. Pitch Labs, a product of Pitcher Partners Adelaide, is taking on the account and advisory industry by revising how people pay for financial advice.
With the federal government laying out plans for reopening the Australian economy, researchers from PGIM Inc, the investment management business of Prudential Financial, Inc, says we need to start thinking about what the world will look like.
Without regard to whether giving Australians early access to their superannuation during these challenging times is a good idea or not, it’s clearly been exceptionally popular. Already the ATO has reported more than a half-million Australians have requested early access, a number that has continued to grow week-on-week.
The unprecedented number of people seeking to talk to their fund, either regarding using the early release scheme or concerned about investment performance in exceptionally volatile times has caused a dip in customer satisfaction.
Among the measures included in the government’s response to COVID-19 is providing easy access to professional financial advice. It’s something that was roundly welcomed by professional bodies, including CPA Australia, Chartered Accountants Australia and New Zealand, SMSF Association, Financial Planning Association, and the Institute of Public Accountants.
The last three weeks have been marked by three general periods. The first found us holding our collective breath, trying forecast what government would do to help mitigate what promised to be an ugly situation.
Amid the public-facing stimulus measures, like discounted childcare, there have been some measures put in place to support the financial advisers and planners who are on the front lines with people who are panicking about what’s happening with their retirement savings.