AMP signals hardship arrangements for clients, advisers AMP has signalled its preparedness to help advisers and clients through the COVID-19 crisis including insurance premium suspensions in some circumstances. For more.

Tough times ahead as RBA works to protect Australian economy Managers have praised the Reserve Bank of Australia’s efforts but warned the central bank can ‘only do so much’ to stop the tide of the worldwide economic chaos caused by COVID-19. For more.

TWUSuper acknowledges ‘embedding’ personnel in TWU branches TWUSuper has acknowledged to a Parliamentary Committee that it has personnel embedded within branches of the Transport Workers Union but none of them are providing advice. For more.

Fitch gives ClearView Wealth ‘BBB’ rating Fitch Ratings has announced its first-time ‘BBB’ rating for ClearView Wealth to reflect its poor recovery prospects in the event of a default. For more.

Netwealth healthy despite decline in inflows Platform provider Netwealth is asserting robust financial health in the face of COVID-19 and impacts on inflows. For more.

RBA: Low rates could last for three years Reserve Bank of Australia governor Philip Lowe has said the central bank is trying to “build a bridge to recovery” for the Australian economy but low rates could last for an extended period of time. For more.

RBA cuts rates to historic 0.25% low The Reserve Bank of Australia has cut rates again from 0.5% to a historic low of 0.25% and announced a ‘comprehensive package’ to prop up the economy. For more.

BlackRock appoints iShares regional head Rimmo Jolly will be the new head of iShares Asia Pacific from 4 May, 2020. For more.

FASEA looks to licensees to be facilitative on CPD The Financial Adviser Standards and Ethics Authority says it’s up to licensees to help advisers deal with continuing professional development in the face of COVID-19 restrictions on face-to-face learning. For more.

ClearView cuts key platform deal with HUB24 ClearView has backed HUB24 to be its strategic platform provider in a deal covering $1 billion in funds under administration. For more.

Tim Wilson keeping industry funds busy Outsider understands that Liberal back-bencher, Tim Wilson, has been keeping quite a few industry fund officials busy in his role as chair of the House of Representatives Standing Committee on Economics. For more.

Josh talks headwinds, Outsider talks toilet paper Outsider should be feeling a whole lot more relieved after receiving an e-mail from the Treasurer, Josh Frydenberg, assuring him that while Australia faces economic headwinds, the economy is nonetheless resilient. For more.

The computer and keyboard graveyard Outsider has been around long enough to remember the day he switched from noisy typewriters to sleek dumb terminals. For more.