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Showing 1541 - 1550 of 4004 results for "Cut"

Popularity of annuity bonds set to soar

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... advisers intend to suggest annuities to their clients this year, up 19% from the prior year. "Many retirees have seen dividends cut, capital eroded and market performance not meeting inflation and the impact of having to adjust their lifestyle accordingly. ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 7 OCT 2016
... inflation The Central Bank of Russia cited the continued slowdown in inflation and receding inflation expectations when it cut interest rates by 50 bps to 10.0% after its 16 September meeting and promised to keep rates steady till "end-2016 with a possibility ...

ING investment in digital to see 5800 job cuts

KERRIE SYDEE  |  TUESDAY, 4 OCT 2016
ING Group has announced it will be cutting 5800 jobs in Europe as the bank seeks to reduce costs and invest further in its digital transformation. Speaking at the ING Group Investor Day in Amsterdam, chief executive Ralph Hamers announced an investment ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 4 OCT 2016
Australia private sector credit Reserve Bank of Australia (RBA) figures showed that the annual growth in private sector credit slowed from 6.0% in July to 5.8% in August - the slowest rate since October 2014. Except for the bumps in December 2015 and ...

NGS cuts ties with CommInsure

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
NGS Super has terminated its longstanding partnership with CommInsure, awarding the mandate for its insurance offering to a rival life company. Following an in-depth tender process, the mandate has been secured by TAL; ending NGS's 28 year relationship ...

AustralianSuper and IFM seek energy asset

DARREN SNYDER  |  MONDAY, 26 SEP 2016
About 30 superannuation funds are in line to own a majority share in Ausgrid, one of New South Wales' largest electricity networks. Ahead of the NSW government re-launching its Ausgrid acquisition process, both IFM Investors and AustralianSuper submitted ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 23 SEP 2016
... unemployment expectations and consumer confidence." The improvement in the leading index provides support to lowered rate cut expectations for the remainder of this year. According to Bloomberg, odds that the RBA will remain on hold over the next three ...

Christmas in September

BENJAMIN ONG  |  THURSDAY, 22 SEP 2016
Ho, ho, ho. Merry Christmas everybody, merry Christmas! The Bank of Japan (BOJ) and the US Federal Reserve (Fed) played jolly old saint Nicolas, decking the financial market halls with boughs of holly (fa la la...) on the 21st of September. Santa Kuroda ...

DTCC to cut GTR fees

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2016
The Depository Trust and Clearing Corporation (DTCC) will reduce fees for its Global Trade Repository (GTR) service. The costs associated with using the service will drop by up to 20% for clients leveraging the solution for Monetary Authority of Singapore ...

Super inefficiencies coming to the fore

DARREN SNYDER  |  TUESDAY, 20 SEP 2016
... reservations about 35, and is calling for the remaining 22 to be removed. ASFA has highlighted where several criteria should be cut, for example, the replication of assessment criteria for member behaviour could be moved in to one criterion.