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Showing 321 - 330 of 4000 results for "Cut"

Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
... Insignia Financial to rethink a proposed overhaul of redundancy pay arrangements after the wealth manager tabled a plan to cut entitlements by more than half. The FSU is currently negotiating a new Enterprise Agreement (EA) with Insignia Financial, a ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
Generation Development Group, the parent company of Generation Life, which recently acquired the remaining stake in Lonsec, has reported a $673 million increase in funds under management (FUM) over the last financial year. Generation Life received over ...

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
... with the government's recent 3.75% increase to the minimum wage and property prices surging, the chances of an interest rate cut have been pushed. "It is becoming a lot clearer with inflation at 4% and showing no signs of slowing that the RBA is going ...

Equip Super returns 9.23% to members

ELIZA BAVIN  |  WEDNESDAY, 17 JUL 2024
Equip Super has revealed its Balanced Growth option achieved a return of 9.23%, and its Growth Plus option delivered 12.12%. Equip Super chief investment officer Andrew Howard said despite a challenging global backdrop, rising interest rates and ongoing ...

MLC awards $285m mandate to Janus Henderson

ELIZA BAVIN  |  TUESDAY, 16 JUL 2024
MLC Asset Management has awarded Janus Henderson a $285 million emerging markets equities mandate. Janus Henderson said the mandate showcased the growing need for Australian institutional investors to have exposure beyond major market indices. The mandate ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... apolitical and avoid actions that could be construed as favoring one political outcome over another," Green said. "A rate cut in September, so close to the election, could be seen as an attempt to influence the political landscape by boosting economic ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... Jim Chalmers said at the Pacific Banking Forum. "And we also know that without them, large parts of the Pacific risk being cut off from the global financial system. At stake here is the ability of the Pacific to engage with the world." Assistant treasurer ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... pace, up by 2.5% to a record US$8.38 trillion. It said the cost of debt servicing will continue to grow even as central banks cut interest rates as cheaper older debt is refinanced at new higher rates. Janus Henderson portfolio manager Tim Winstone said ...

ETF price war heats up

ANDREW MCKEAN  |  FRIDAY, 28 JUN 2024
Leading exchange-traded product (ETP) investment managers - Vanguard, Betashares, BlackRock, and VanEck - which command about 70% of the Australian market, reduced their asset-weighted fees by 8% in the 12 months to March, according to Rainmaker Information. ...