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Showing 1421 - 1430 of 4005 results for "Cut"

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 ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...

Charter Hall launches fund, backs consumer spending

DARREN SNYDER  |  THURSDAY, 2 NOV 2017
... such as food, petrol and everyday household items, have a low elasticity of demand. "Consumers are generally unwilling to cut these types of non-discretionary items from their household budgets and consequently demand for them generally grows in line ...

NAB to simplify operations via job cuts

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
About 4000 NAB employees look set to lose their jobs by 2020 as the bank further automates its business. Releasing its full year results, NAB said a reshaping of its workforce would see the creation of 2000 new jobs to 2020, though overall about 6000 ...

AllianceBernstein slashes retail fees

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
AllianceBernstein (AB) will cut management fees for two of its retail funds. The management fee for the AB Dynamic Global Fixed Income Fund has been reduced from 0.70% per annum to 0.55%, while the fee for the AB Global Equity Fund has been cut from ...

Two holds and a raise

BENJAMIN ONG  |  TUESDAY, 31 OCT 2017
Three of the world's biggest central banks will meet this week. The Bank of Japan (BOJ) had already started their monetary policy deliberations yesterday and is set to conclude later today. This is expected to be a non-event with policy unchanged and ...

GROW Super slashes fees

ALEX BURKE  |  FRIDAY, 27 OCT 2017
Millennial-focused superannuation fund GROW Super has made significant cuts to its administration fees. Previously, the admin fee was 1.44%; this has been reduced to 0.54% plus $1.65 per week. Based on a $50,000 balance, this constitutes an overall ...

Super funds strengthen support for low carbon economy

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2017
A handful of Australia's superannuation funds are among the first clients to invest in a new low carbon global shares fund from Russell Investments. GuildSuper, Child Care Super and GuildPension have already committed to allocating assets to the $368 ...

Confidence up but will consumers shop?

BENJAMIN ONG  |  THURSDAY, 12 OCT 2017
... growth), rising utility costs, decreasing disposable income and dwindling savings. The Australian consumer has no choice but to cut back on spending on both essentials and discretionary. There is no question that the Australian labour market is strengthening ...

Super industry makes largest fee cuts since MySuper reforms

ALEX BURKE  |  WEDNESDAY, 11 OCT 2017
This year, the superannuation industry saw the largest fall in its total expense ratio (TER) since the introduction of the MySuper reforms - however, this varies significantly across product types and market segments. According to Rainmaker research ...