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What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... Government is also proposing middle and lower income earners pay up to $530 less in tax, starting next year. It has pushed up the top tax threshold from $87,000 to $90,000. On the lower end, the $37,000 threshold has been lifted to $41,000. Finally ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Personal tax cuts were on the top of Treasurer Scott Morrison's five-point list to "strengthen the economy" as he opened his Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting ...

Labor responds to 'unfair' Budget

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... schools, the cuts to hospitals, and the cuts to pensioners. "Every budget is about choices. Yet again, Turnbull has chosen the top end of town - and he's making you pay for it," he said. Shadow Minister for Finance Jim Chalmers reiterated Shorten's sentiments ...

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... QSuper was the best and worst performing fund in the country. However, over those same two years the fund still managed to be a top quartile performer and puts it down to the total portfolio approach. He cites a year where super funds struggled to make ...

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... sale of its life insurance arm to Zurich has arrived and the bank is considering buying back up to $1.5 billion in shares, on top of its current buyback program. The bank today updated the market that it has received about $1 billion in reinsurance payments ...

Blue Sky chair steps down amid business restructure

ALEX BURKE  |  MONDAY, 7 MAY 2018
... officer will be appointed to manage risk across the entire business. The revised management structure will see Morison at the top, followed by an investments managing director, a chief risk officer, legal and compliance, a chief financial officer, chief ...

Chief economist update: Crying for Argentina

BENJAMIN ONG  |  MONDAY, 7 MAY 2018
... put downward pressure on inflation. The country's currency has fallen by 13.7% against the US dollar this year to date, on top of its 15.9% depreciation in 2017. Consumer price inflation accelerated to 25.6% in the year to March from 25.4% in the previous ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
Macquarie Group's platform, wrap and managed accounts businesses performed strongly in the full-year to 31 March 2018, latest financial results show. Macquarie Wrap and Vision held $82.5 billion in funds under management, jumping 14% from the previous ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... product. This is going to be a key focus for us as this sector develops," ASIC commissioner John Price said. This probing is on top of ASIC's existing focus on potentially unlicensed conduct by ICOs. ASIC has already identified an ICO issue where the ...

Pension funds must recognise stewardship licence: WTW

DARREN SNYDER  |  TUESDAY, 1 MAY 2018
... diversity but other subjects as well including climate change," Urwin said. Urwin's view comes via a WTW comparative study of the "top 15" pension and sovereign wealth funds which undoubtedly highlighted excellent management talent. However there were ...