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Showing 1411 - 1420 of 4004 results for "Cut"

Elders continues impressive growth run

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2017
Elders Financial Planning recently added another advice business to its dealer group, onboarding its 21st practice since 2016. Victoria's Strategic Guidance Group and BJT Private, led by Luke Sheehan, was welcomed to the Elders Financial Planning group ...

CBA avoids board spill

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
... long-term variable remuneration for certain former executives. The directors also reduced their own remuneration "through a cut equivalent to 20% of 2017 directors' fees," she said. At its 2016 AGM, 50.91% of CBA shareholders voted against the pay package ...

Where in the cycle is Australia?

BENJAMIN ONG  |  FRIDAY, 17 NOV 2017
"In the next 5000 kilometres, turn right." Even the now-ubiquitous GPS (global positioning system) will ask you're starting point before it gives directions to your destination. But what if you don't know where you presently are? Such is the problem ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

Taxing times

BENJAMIN ONG  |  MONDAY, 13 NOV 2017
... after Bill Cassidy, a member of the Senate Finance Committee, said that the Senate tax proposal will delay a corporate tax cut by one year to 2019." All major US equity indices closed lower that fateful day - the S&P 500 index fell by 9.8 points; the ...

NAB hastily recruits after announcing job cuts

JAMIE WILLIAMSON  |  FRIDAY, 10 NOV 2017
Following NAB's announcement last week that it would reshape its workforce by cutting up to 6000 jobs, the banking group is immediately recruiting for 600 new, technology-based positions. Seeking specialists in the areas of software engineering, data ...

Industry fund appoints governance and risk head

EMMA RAPAPORT  |  THURSDAY, 9 NOV 2017
... also underwent reconstruction to move to a one-third/one-third/one-third governance model. The merger enabled the fund to cut administration fees for accumulation accounts from $1.50 to $1.25 and drop buy-sell spreads on investment transactions. Its ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
Only one word comes to mind when the Kingdom of Saudi Arabia is mentioned, and that is oil - for it has plenty of it. According to Investopedia, "The Kingdom of Saudi Arabia is often cited as the world's largest oil producer. The country produces 13.24% ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
... 5.5% in September from 5.6% in the previous month). The erosion of household finances leaves consumers no other choice but to cut back on spending. Foremost of these is the ballooning household debt - it stood at a record 193.7% of disposable household ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...