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Showing 2481 - 2490 of 15784 results for "TER"

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
First Republic Bank's stock price has nosedived following disastrous Q1 2023 results, marked by enormous deposit outflows and decreased revenues. First Republic's results for Q1 2023 showed a 13.4% decrease in revenues, a 19.4% decrease in net interest ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
Eildon Capital this morning has rejected the "opportunistic" takeover bid by Samuel Terry Asset Management. ASX-listed Eildon (EDC) said Samuel Terry Asset Management's offer of 93 cents per share represented a 20.5% discount to its net asset value ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
Australia's superannuation sector is flourishing, with APRA reporting a record-breaking $163 billion in contributions for 2021-22. This growth was driven by a 9% uptick in employer contributions and a 23% increase in member contributions. Rainmaker ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
CVC has divested a 20% stake in Eildon Capital that will be picked up by another boutique fund manager. ASX-listed CVC announced this morning that it entered into an agreement with Samuel Terry Asset Management to sell its stake so that it can free ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
The decision by Treasury to appoint former Fair Work Commission president Iain Ross and former AustralianSuper chair Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia ...

PensionDanmark chief executive to retire

CHLOE WALKER  |  FRIDAY, 21 APR 2023
Torben Möger Pedersen, the pension fund's first employee and chief executive, will step down from the role after more than 30 years. Pedersen joined PensionDanmark when the organisation was established in 1992. Beforehand, he served as chief executive ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...

UK's Nest switches investment chief

CHLOE WALKER  |  FRIDAY, 21 APR 2023
Liz Fernando has been promoted to chief investment officer of the pension fund, taking up the mantle from Mark Fawcett. Having joined Nest in 2020 and made deputy chief investment officer in 2021, Fernando brings with her 25 years' worth of investment ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
According to an ASFA report, the government's proposed superannuation changes will improve equity by curbing tax benefits for high-income earners. The introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% ...