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Showing 1041 - 1050 of 14042 results for "Down"

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... available information. It found that most Australians are spending all their superannuation in retirement, regularly drawing down more than required. The research found two in three people draw income above the minimum, finding the average draw down ...

Economists share their top left field ideas for 2024

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2024
Some of the nation's leading economists shared their Factor-X - also known as an X-factor - for the year ahead at this morning's Chief Economists Forum in Sydney, led by the man who coined the term, industry veteran Don Stammer. Appearing at his 18 ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT), despite initially being blocked by the Australian Competition ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... According to Shine Lawyers' practice leader Hadi Boustani, up to 500,000 Rest members may be affected. "This was money down the drain for fund members who paid a premium for no benefit," Boustani said. "As a result, we're seeking compensation ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... George in 2022 has been dumped, it'll be a hard slog for Rahmani; Magellan's total FUM came in at $35.8 billion, down some $17 billion over 12 months. In the first half of this financial year, it shaved about $4 billion, with $4.5 billion in ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Artificial intelligence could threaten financial stability, forcing novel macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... master trust business reported an underlying NPAT of $53 million, which was in line with FY 22. "Lower AUM based revenue (down 10.4%) was the result of both the simplification program to consolidate products and fees and the previously announced mandate ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
The chair of AMP will step down on April 12 after nearly five years in the role. Debra Hazelton tendered her resignation, with AMP non-executive director Mike Hirst succeeding her as the new chair. Hazelton joined the AMP board as non-executive director ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... couple of years. "I'm looking forward to hearing about what that meant for that sector and what that might mean for us down the track. Will some of the legislative changes that they've experienced flow through to us?" she said. One example is ...