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Showing 341 - 350 of 1552 results for "Offset"

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... year results due to reduced earnings on deposits, unfavourable lending margins and higher liquid assets which were partly offset by an improvement in lower wholesale funding costs. Despite this, the bank experienced $5.6 billion growth in its home lending ...

Macquarie profits slide 32%

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... 47% of the net profit, was impacted by lower Macquarie AirFinance income and lower performance fees. This was partially offset by sale of Macquarie Rail in the period. The banking and financial services business, which includes platform and wealth and ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
The Tax Practitioners Board has registered a new legislative instrument to allow BAS agents to expand their services in relation to the superannuation guarantee charge (SGC). The instrument, Tax Agent Services (Specified BAS Services No. 2) Instrument ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... private inventory investment, exports, nonresidential fixed investment, and residential fixed investment that were partly offset by decreases in federal government spending (reflecting fewer fees paid to administer the Paycheck Protection Program loans) ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... $267 million came from revaluing life insurance liabilities and the agreed sale of its vendor finance business. This was offset by a positive revaluation of the group's holding in Zip Co. of $212 million. In May, Westpac announced it will review its ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... Net cash outflows stood at $13 million. AMP Bank recorded a $52 million inflow, bringing deposits to $17 billion, which offset lower retail deposits. Wealth management platform North was a source of growth. Some $818 million of funds came in; $196 million ...

LaSalle joins 2050 club

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
LaSalle Investment Management is the most recent company to pledge to go carbon neutral by 2050, following in the footsteps of many super funds and investment firms. LaSalle said it has been working across its managed portfolio to improve the sustainability ...

Risk but no reward in institutional equities portfolios

KANIKA SOOD  |  MONDAY, 19 OCT 2020
... positions, essentially offsetting one another," it said. As an example it cited, one strategy's high bias to value can be offset by another strategy's high bias to growth. It also said over-diversification diluted performance, and possible attempts to ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... Super Australia (ISA) has called for the stage two tax cuts to be matched by a change to the Low-Income Superannuation Tax Offset (LISTO) to help boost the retirement savings of women. ISA said this move could help add tens of thousands of dollars to ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... assist to extend the longevity of membership. It's plausible that the increased longevity of membership could even offset the slower rate of accumulation of new members for LNK."