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Showing 111 - 120 of 1551 results for "Offset"

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... spend on discretionary items. It's important to note however that this increase in discretionary spending only partially offset the fall seen in September as the October boost was driven by a number of one-off major events," CBA chief economist Stephen ...

Qantas Super standardises offset account investments

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
Qantas Super is changing the way most offset accounts are treated for members in its defined benefit (DB) divisions. The corporate fund, which is set to merge with Australian Retirement Trust (ART) in the first half of 2025, will have current and new ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... due to unfavourable foreign exchange movements, outflows in equity strategies and divestments. It was however, partially offset by favourable market movements, increased fund investments, and improved asset valuations. Macquarie's board declared an interim ...

Australia a top destination for international investment: QIC

ELIZA BAVIN  |  MONDAY, 28 OCT 2024
QIC chief economist Matthew Peter has revealed that Australian ranks 6 th as a top destination for international investment on a global scale. QIC collated and analysed data to reveal the attractiveness of countries around the globe as investment destinations. ...

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... institutional and retail wealth business were worse than expected, coming in at $4.69 billion (£2.4bn). Some of the losses were offset by decent performance by its DIY investing platform, Interactive Investor - which also accounted for much of the growth ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... of $130.8 billion. This was attributed to positive market movements, which added $4.4 billion. However, the result was offset by $768 million in net outflows and pension payments of $340 million. Breaking it down, Insignia said reduced hiring across ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
The International Monetary Fund (IMF) has revised its inflation predictions for 2025, upping Australia's consumer price index expectations from 2.8% to 3.6%. In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... continued in the September quarter. "Powerwrap's non-systemic outflows associated with transitioning advisers were largely offset by much improved net flows from a range of incumbent clients, as well as $40 million from a newly added advisory group," ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... savings," Kowalczyk said. "The lowest paid people in the country continue to be shortchanged with the Low Income Super Tax Offset (LISTO), paying a tax penalty that high income earners are not paying on their Superannuation Guarantee contributions. Realigning ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... the drop (-2.8%), followed by transport (-2.5%), household goods (-2.3%), and food & beverage (-0.6%). Recreation helped offset some declines, rising 1.5% in September, largely driven by an 18% surge in ticketing services thanks to the AFL and NRL grand ...