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Showing 341 - 350 of 1565 results for "Offset"

IOOF buffeted by advice restructure

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... said the result actually reflects a strong quarter with an uplift of $12.7 billion due to market movements, but largely offset by one-off negative impacts. These include an $8.1 billion loss from the termination of its external platform relationship ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
... activity. New orders declined for the fifth straight month in December, along with exports and employment. This was partly offset by the stronger manufacturing PMI - up from 53.8 in November to 55.2 in the following month - the highest level since May ...

Pendal reports $1.6bn in net outflows

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... September quarter). Net outflows took shaved off $1.6 billion and FX impact of stronger AUD took $2.7 billion. However, these offset by the investment performance which added $9.3 billion, resulting in a net gain on total assets for the period. JO Hambro ...

IOOF, BT end platform relationship

ANNABELLE DICKSON  |  FRIDAY, 18 DEC 2020
... with IOOF. IOOF will receive a payment of $80 million as per the master relationship agreement with BT, which is partially offset by BT's other net platform revenues but will reduce IOOF's revenue by $15 million. IOOF chief executive Renato Mota said ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... higher-than-expected receipts and a lower-than-expected number of people receiving the JobKeeper Payment. This has been partly offset by additional policy decisions to support the economic recovery and secure access to vaccines." The following year will ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Australian oil and gas company Santos' carbon reduction plan has been heavily criticised, with critics pointing out many super funds invested in the company have made declarations on climate change that don't match their actions. According to ...

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... reported a $216 million loss over the quarter with a $318 million loss to individual disability income insurance partially offset by a $35.5 million net profit in group disability income insurance and $162.9 million profit in individual lump sum. However ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... above the threshold. For those whose income is below the effective tax-free threshold of $21,884, the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a tax advantage. ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... of GDP to 2.3% by 2060, while superannuation tax breaks will rise from 2% to 2.6% of GDP. "While the Age Pension helps offset inequities in retirement outcomes, the design of superannuation tax concessions increases inequality in the system. Tax concessions ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... also be more likely to make voluntary contributions, and pay lower taxes and fees. "The degree to which the above factors offset the forgone superannuation contributions would vary by income level. They are estimated to offset almost two-thirds of the ...