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Showing 241 - 250 of 3288 results for "Above"

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... 2022, 8.6% in 2023, and 3.75% in 2024. During the quarter, the ABS reported living costs to be between 1.2% and 1.4% - well above the Consumer Price Index's 1%. "This is the first time since December 2010 that increases in living costs for all household ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... billion in FUA. In 2021, it acquired Sentry Group for $7 million. "We've seen compounding growth in underlying NPBT above 50% for four straight years now, which underscores and validates the success of our commitment to the modernisation of the advice ...

First Sentier farewells senior portfolio manager

ELIZABETH FRY  |  MONDAY, 12 AUG 2024
... Small Companies Fund and First Sentier Australian MidCap Fund have consistently delivered consistent absolute returns with above-market performance over the medium and long term.

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... earners by redistributing the revenue generated from the government's planned additional taxation on superannuation balances above $3 million (Division 296) and for those earning $250,000 plus (Division 293). The advocacy body has recommended that $750 ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... super balance for retirement by delivering stable returns via diversification. It targets moderately high returns of 3.25% above the rate of inflation or 3.75% above the rate of inflation for retirement income stream accounts. For example, if the consumer ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... paid out. "The outcome, in this particular case, is that of the seven claims which we've got, all but one of them are above the $150,000 cap. So, it's in the claimant's best interest for the insurer to pay the full amount versus us stepping ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... Chatfield said. Rainmaker Information research shows that this investment option returned 8.8% in the year to May, slightly above its long-term average, but it ranked in the third quartile among comparable products. However, over a 10-year period, that ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... inflation and economic activity, and unemployment is creeping up," Dechter said. "Although inflation remains persistently above the target, the RBA is likely to hold the cash rate."

Russell Investments default option returns up to 12.3%

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... to dial down as markets become overexuberant." GoalTracker's investment objective for members under 50 is 4.3% return above inflation. The strategic asset allocation for that age group is heavily skewed to Australian equities (42%) and international ...

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
... December 2022 quarter." State Street Global Advisors APAC economist Krishna Bhimavarapu said the rise in inflation came in above expectations but an interest rate hike by the Reserve Bank of Australia (RBA) is not necessarily on the cards. "The data ...