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Showing 251 - 260 of 4000 results for "Cut"

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... open to seeking financial advice, over half prefer 'one-off episodic advice' rather than traditional, full-service models to cut costs. The report said this underscores the importance of the Quality of Advice Review's (QAR) recommendations to facilitate ...

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
Commonwealth Bank (CBA) has appointed Luke Yeaman as its new chief economist and head of global economic and markets research. Yeaman is currently a deputy secretary in the Department of Treasury and head of their macroeconomic group, a position he's ...

2025 economic outlook 'threatening': AMP

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... uncertainty remains around how much the US Federal Reserve, the Reserve Bank of Australia (RBA) and some other central banks will cut rates as core inflation is still not at target. "The risk of recession remains, particularly in the US if rising bond ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
Australian gross domestic product (GDP) rose 0.3% in the September quarter 2024 and by 0.8% since September 2023, according to figures released by the Australian Bureau of Statistics (ABS). "The Australian economy grew for the 12th quarter in a row ...

Bullock hints at no rate cut in 2025

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has reaffirmed the central bank's stance that interest rates are likely to stay higher for longer as sticky inflation persists. Speaking at a Centre of Economic Development (CEDA) dinner ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
Professional reputations could be harmed if the government does not distinctly delineate between its proposed new class of advisers (NCAs) and financial advisers, the Financial Advice Association Australia (FAAA) warns in anticipation of the looming ...

Brighter Super makes fee, death benefit changes

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... keeping fees as low as possible, for our members." At the same time, the annual cap on the percentage-based admin fee will be cut from $900 to $650. And, in addition, a Partner Linking feature will be introduced enabling couples to apply the $650 fee ...

Top asset owners return to growth: Study

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Assets of the top 100 asset owners globally returned to growth last year, with five Australian funds placed on the list and commanding 3% of the total assets. The Asset Owner 100 study from the Thinking Ahead Institute shows the world's top 100 asset ...

Coalition urges super funds to push for QAR reforms

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... Levy's final report. So, I encourage all of you to keep pressuring the Albanese government on implementing those reforms and to cut red tape and regulation to bring the price of advice down." Howarth said the superannuation industry is shifting as ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... up-to-date understanding of how COVID-19 was hitting their retirement savings. Some notable moves came from AustralianSuper - which cut the value of its unlisted assets to the tune of 7.5% on average, leading to a 2.2% reduction to the fund's $126 ...