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Showing 1151 - 1160 of 11415 results for "Rate"

TelstraSuper MySuper delivers 9.34%

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... Lifestyle Conservative 4.73% over the one-year period to 30 June 2023," Miller said. By contrast, Miller said the high interest rate environment was challenging for fixed interest and property investments, leading to a general softening in demand for ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... carers. Based on the 2023-24 budget papers, the initial annual cost of adding SG contributions to the Carer Payment at a rate of 12% would be around $944 million. By the 2026-27 financial year, this cost is forecast to balloon to $1.1 billion. However ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
Colonial First State will pay $100 million to settle a class action over fees that were illegally charged to members to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 ...

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
The commercial real estate sector continues to take a beating, suffering an 8% devaluation to its capital in the last financial year, according to MSCI. Commercial real estate funds returned -4.4% for investors and provided a measly 3.7% in income during ...

CFA exam results begin to normalise

CHLOE WALKER  |  FRIDAY, 14 JUL 2023
The pass rate for the second level of the CFA Institute exam jumped in May above its historic average, marking an impressive turnaround from the below-average rates experienced during the pandemic. Over half (52%) of the 15,895 candidates worldwide ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... operational objectives for the benefit of the Australian people." Meanwhile, Lowe said he believes the Treasurer has made a "first-rate" appointment. "I congratulate Michele on being appointed governor. The Reserve Bank is in very good hands as it deals ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... Australia (RBA) probably needs to hike rates again," Mousina said. Australia's labour market remains tight, with the unemployment rate near its lowest level in nearly 50 years and there are still a significant number of job openings. For every unemployed ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... for CBA workers, including a retrospective increase back paid to July 2022 to compensate for increases that were below the rate of inflation. It is also calling for a trial 30-hour work week, an additional 22.8 hours of 'Life Leave' and the introduction ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
Reserve Bank of Australia (RBA) governor Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained ...

European pension fund hands MaxCap $200m

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... Mortgage and High Yield mortgage products target net returns of 5% and 8% above the Reserve Bank of Australia (RBA) cash rate, MaxCap said.