Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1141 - 1150 of 4003 results for "Cut"

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... contemporary fees fall to 30bps and legacy outflows accelerate. It expects sharp reductions in profits even if major platforms cut costs by 20% over the next five years. UBS reviewed 130 product disclosure statements and mapped fees across $660 billion ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... for unemployment would have been higher." I stuck my neck out way back in June 2018 - when I started calling for an RBA rate cut at the time when "experts" reduced their two rate HIKES to one (ehem, ehem). It's time to stick my neck out once again ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
UBS has materially reduced downside risk for housing as last Saturday's elections lay to rest Labor's negative gearing plans and separately, APRA is easing its stance on mortgage lending. "The main implication of the election is the absence of expected ...

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
... of Australia (RBA) governor Philip Lowe provided the clearest indication yet that the Australian central bank is poised to cut interest rates, potentially at its June 4 meeting. The transcript of Lowe's speech - titled 'The Economic Outlook and ...

Industry responds to election outcome

ELIZABETH MCARTHUR  |  MONDAY, 20 MAY 2019
... battlers' - the great mass of tradies and aspirational workers who live in outer urban areas - turned on Labor over its plan to cut loopholes for franking credits and negative gearing," The AIC said in a statement. It summarised the most important outcome ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Yellow Brick Road is restructuring its wealth business that will result in job cuts under the supervision of chair Mark Bouris. Its chief executive will also step down. YBR's board announced overnight it will commence to dispose, outsource or restructure ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
The odds that the Reserve Bank of Australia (RBA) will cut interest rates to a new record low of 1.25% from the current all-time bottom of 1.5% when its Board meets on the first Tuesday of June intensified after the Australian Bureau of Statistics' ...

ANZ changes advice model, cuts Prime Access

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2019
The big four bank announced it will change the way it provides ongoing financial advice to customers via ANZ Financial Planning. As of today, the Prime Access financial advice service will no longer be offered to new customers and will be phased out ...

Time ticks by on FASEA approvals

HARRISON WORLEY  |  THURSDAY, 16 MAY 2019
... According to FASEA, 14 graduate diplomas and 11 bridging courses have been submitted to the authority for accreditation by the cut-off date of April 12. However, FASEA said it had so far made no approvals in relation to the applications it had received. ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... shows annual wages should be growing at around 3%-3.5% at this time. Having said that, I wonder whether an RBA interest rate cut or cuts would get the wages party going? Especially if you consider the US and UK experience - where the unemployment rates ...