What price Madison in a crisis? As the financial planning industry moves to the end of April, many eyes are being directed towards OneVue and how successful it will be in selling its financial planning business, Madison. For more.

COVID-19 significantly hits NAB half National Australia Bank has taken a significant hit from COVID-19 related issues, with MLC Wealth also feeling the pain. For more.

ASIC confirms licensee attempt to hire banned adviser The checking mechanisms employed by the Australian Securities and Investments Commission prevented a licensee from employing a currently banned adviser. For more.

ANZ accused of ‘exploiting crisis’ with leave policy ANZ staff have filed complaints of unfair treatment with the union as the bank is demanding they take leave during the COVID-19 shutdown, despite banks being classified as an ‘essential service’. For more.

Is gold still a safe haven for super funds? As the current crisis is testing investment ‘truths’, Parametric has claimed gold’s expected negative correlation to equities is worth interrogating with an institutional lens in these challenging markets. For more.

VanEck’s sustainable index fund gets RI certified The Responsible Investment Association Australasia has certified VanEck’s sustainable exchange traded fund as a ‘responsible investment’. For more.

Two-thirds of workers impacted by COVID-19 Research from Roy Morgan shows two-thirds of working Australians have seen their employment affected by COVID-19 Government restrictions. For more.

ASIC’s ‘relief measures’ should be most definitely temporary The Government and ASIC were right to act on making the provision of advice to confused and worried superannuation fund members and advice clients easier, but some important lines have been crossed in terms of licensing which will need to be put right when the crisis has passed. For more.

InFocus: This time it’s different Significant market corrections are, thankfully, rare but Ausbil Investment Management executive chair, chief investment officer and head of equities, Paul Xiradis, says this correction is distinctly different. For more.