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Showing 91 - 100 of 411 results for margins

Consultancy launches virtual business coaching

HARRISON WORLEY  |  TUESDAY, 30 JUL 2019
... model," Elixir Consulting founder Sue Viskovic said. "Between added compliance and study requirements, at a time where their margins are squeezed, advisers can't afford to waste any of the limited amount of time they can dedicate to working on their ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... over the next five years. Overall trends are also dependent on legacy/contemporary mix shifts." UBS is estimating fee margins at major wealth managers could drop about 40% over five years (9% CAGR) if contemporary fees fall to 30bps and legacy outflows ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... growth outlook for the Australia's major banks looks increasingly uncertain, with profits down, remediation costs up and margins under significant pressure." "The Financial Services Royal Commission has disrupted the banks' risk appetites and business ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... decline was due to the exit of Hastings ($180m), higher general insurance claims for major weather events ($66m), lower margins from the decision to reprice certain platform fees ($8m) and discontinuing grandfathered commissions ($21m). As a result of ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... earnings were down 11% to $1.5 billion as higher wholesale funding costs and lower mortgage spreads squeezed net interest margins while regulatory and compliance spending increased. The business bank's cash earnings were slimmer by 6% after customer ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... National Australia Bank chief executive Philip Chronican was more forthcoming: "Interest rate cuts would further squeeze bank margins, profits and lending capacity without doing much to boost the economy", as published in the Australian Financial Review. ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... reduce consumer spending and by extension, economic growth. Higher oil prices increase business input costs, reducing margins and profits that ultimately spur reductions in business investment in plant, equipment, and staff. More worrying, higher crude ...

Rice Warner predicts super fee-hike

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... Warner said. "The Single Touch Payroll process should help to reduce costs, but on balance, administrators will have lower margins. "Fees will need to rise to provide the same services to members. This will make many smaller funds unviable, and we have ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
New research from Bloomberg suggests fee margins of global asset managers will drop 11% over the next six years. Most of the 1950 global asset managers surveyed in the Asset Management Outlook to 2025 provided conservative AUM growth forecasts over ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... flat at $2 per share for the period. CBA's operating income fell almost 2% to $12.4 million as lower net interest margins, lower markets and fee income and weather events offset the growth in volume. Operating expenses were down 3% to $5.3 billion ...