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Showing 1661 - 1670 of 4006 results for "Cut"

Industry bodies attack SG freeze speculation

MARK SMITH  |  FRIDAY, 5 FEB 2016
... current increases were maintained). Industry Super Australia (ISA) said proposals to freeze compulsory super increases would cut a person's super balance at retirement by 20% and reduce national super savings by more than $900 billion by 2055. ISA modelling ...

BOJ goes negative to get postive

BENJAMIN ONG  |  MONDAY, 1 FEB 2016
... upward pressure on the Japanese yen while at the same time stimulate lending and consumption in the domestic economy. "It will cut the interest rate further into negative territory if judged as necessary." At minus 0.1%, it's got plenty more room gauging ...

Investors can expect "reasonable" year despite gloom

MARK SMITH  |  FRIDAY, 29 JAN 2016
... online webinar this morning. The Reserve Bank is most likely to keep rates on hold in 2016 but investors shouldn't rule out a cut as it remains watchful of the domestic economy, they said. Turning to the rest of the world, both men said they'd expect ...

Cheers to unmet expectations

BENJAMIN ONG  |  THURSDAY, 28 JAN 2016
... three-month period. This is higher than market expectations for a 1.6% increase that quickly prompted cries of no RBA rate cut soon. Boo hoo hoo. This reminded me of what Goldman Sachs boss, Lloyd Blankfein told his Australian audience at a Sydney conference ...

Barclays to axe jobs worldwide, exit Australia

ALEX BURKE  |  FRIDAY, 22 JAN 2016
Barclays is reported to be cutting more than 1000 jobs worldwide ahead of closing Australian offices. In an internal staff memo, Barclays Investment Bank chief executive Thomas King said that while "Asia Pacific is an important part of our global network... ...

FSC calls for 22% company tax

MARK SMITH  |  MONDAY, 18 JAN 2016
The Financial Services Council has proposed a new tax package calling for company tax to be cut to 22% from its current 30%. The industry body also wants to see "lower, flatter, indexed" income tax rates. The FSC said its tax reform package is designed ...

Asteron creates LIF-ready adviser commissions

ALEX BURKE  |  MONDAY, 18 JAN 2016
... The hybrid rate operates similarly, while the wholesale rate includes a 25% premium discount with an additional 15% price cut for new clients in the first year. "Advisers are asking for flexibility, so we have developed a first-to-market customised rate ...

Minimum withdrawal rates act as default: CSIRO

DARREN SNYDER  |  MONDAY, 18 JAN 2016
... conservative drawing down behavior in most cases and of course there is plenty of variation but the median, depending on how you cut the data, is that or just above the minimum withdrawal rate." As part of work with the CSIRO-Monash Superannuation Research ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Tens of thousands of public sector pensioners are learning the scale of changes to their defined benefit schemes that sees cuts to exemptions for the Centrelink pension income test. In June last year the federal parliament introduced a 10% cap on defined ...

SSGA cuts fees on SPDR S&P/ASX 200 ETF

MARK SMITH  |  FRIDAY, 18 DEC 2015
State Street Global Advisors (SSGA), has cut the fee on its SPDR S&P/ASX 200 Fund from 0.286% per annum to 0.19% per annum. The fund, which has the ASX ticker code STW, was the first ETF listed in Australia. With $3.1 billion in assets under management ...