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Showing 301 - 310 of 4000 results for "Cut"

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... tailwinds from the proposed double tax rate on earnings of superannuation balances above $3 million and redesigned Stage 3 tax cut changes," the company said. "We'll continue to innovate our investment bond offering and tax optimised options on our ...

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... economist David Bassanese said that while the further slowing in annual inflation is welcome, it may not mean an interest rate cut is on the cards. "Today's July CPI report showed a welcome further slowing in annual inflation, albeit the result was ...

AustralianSuper takes monster hit on Pluralsight

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
AustralianSuper has written off its $1.1 billion investment in online education firm Pluralsight, following the company's restructuring. The superannuation giant invested in Pluralsight in 2021, as a co-underwriter with Vista Equity Partners, which ...

NGS Super to cut insurance premiums

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
NGS Super will adjust its insurance costs, resulting in lower premiums for more than 97% of its members, from October 1. The super fund noted, however, that a "small group of members" will experience an increase in costs. On average, its members will ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... Australia (RBA) has indicated that there will not be any short-term cutting of interest rates, but the market is pricing in a cut before the end of the year. RBA governor Michele Bullock pushed back against the market pricing, stating it was "premature ...

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
... did not alter their retirement plans, while 6% have been forced to either withdraw their super due to financial hardship or cut back on salary sacrifice contributions. Further, the study revealed that the top concern of retirement was running out of ...

BlackRock launches new bond ETF

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... demand. "Bond yields globally are at decade-highs, and if inflation indicators continue to fall, central banks may proceed to cut official cash rates. We believe investors have a window of opportunity to move out of cash and into fixed income exposures ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... 6) shows a rise in monthly job gains to above 150k and the unemployment rate retreats slightly from 4.3%, the Fed will only cut rates by 25bps. On the other hand, if the August jobs report confirms July's weakness, the Fed will respond with a 50bps cut," ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... refused to recognise any issue with CFMEU representatives sitting on the board of a $94 billion fund. Cbus has refused to cut its ties with the CFMEU. This is despite Labor suspending its affiliation with the construction arm of with the CFMEU, and its ...

Rest cuts investment options

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Rest has announced a raft of changes to its investment menu, including a reduction in the number of investment options from 15 to nine. From September 30, the super fund will streamline its investment menu in a move it said will make the selection process ...