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Showing 11 - 20 of 238 results for "BROKEN"

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... in its first year, he said. Though Shadow Treasurer Angus Taylor called the additional taxes to superannuation another broken election promise from the government. The Prime Minister and Treasurer's decision to impose taxes on superannuation is a ...

Whole of portfolio solutions running hot: BlackRock

CHLOE WALKER  |  THURSDAY, 9 FEB 2023
... nimbler with portfolio allocations, and there's probably a new playbook that needs to be used... Correlations have broken down, and bonds and equities have been both falling together. Therefore, the traditional correlations and expectations of markets ...

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... director of programs Anthea Sprinks said the enormous gains seen by the world's richest people are stark evidence of a broken system. "While ordinary people in Australia and around the world are making daily sacrifices on essentials like food, the super-rich ...

2023 will be better for bonds: Experts

CASSANDRA BALDINI  |  TUESDAY, 10 JAN 2023
... hearts are set on bonds rallying every time equities wobble, smoothing even short-term volatility, then the 60/40 model is broken. "That past experience depended on central banks rushing to cut rates to cushion the stock market every time it fell. They ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... billion. Turning to asset allocation, APRA said that of the $2.1 trillion in investments, 52.4% was in equities. This is broken down into 21.7% for Australian equities, 25.4% for global equities, and 5.3% in unlisted. Fixed income and cash together comprise ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... its merger with Christian Super. Australian Ethical's total FUM now sits at $6.18 billion, a drop of 0.4% from June end. Broken down, $1.81 billion of this is in managed funds and $4.37 billion is in superannuation. The manager now holds no institutional ...

Super fund satisfaction takes hit

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... said they're likely to do so in the next 12 months. Last year, just 18% considered a switch and 49% intended on switching. Broken down, it's those aged 35-44 that are most likely to switch, with 30% saying they'd likely do so in the coming year. Those ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... and Ash added: "In short, that we might embrace a bit more minimalism, relocate some of our clutter, and throw out the broken toys and scattered pizza boxes. If implemented, the ALRC's proposals would make our house of law much more inviting, for all ...

Burgeoning challenges of the advice industry: Padua

ANDREW MCKEAN  |  THURSDAY, 22 SEP 2022
... Financial Services Council (FSC) survey data, the average Statement of Advice (SOA) takes around 20 hours to produce. But, broken down further, the average Record of Advice (ROA) takes approximately two to six hours to complete. A simple SOA takes between ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... consumers, fuelling inflation and creating a cost-of-living crisis in this country." O'Neil said Australia's system is broken and that wage growth could be an engine of economic growth in a country that relies so heavily on domestic consumption.