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Showing 361 - 370 of 4000 results for "Cut"

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... more heavily on the taxpayer-funded age pension. To meet the rising costs, future governments may have to increase taxes or cut services to offset the extra fiscal pressure created by the bigger age pension outlays, SMC said. At its peak, the capped ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... the massive mandate loss represented about 9% of Platinum's FUM of $15.6 billion at the time. Incidentally, Morningstar cut its fair value estimate of Platinum's share price by 20% to $1.00. "Product limitations make it difficult for Platinum ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
The Reserve Bank of Australia (RBA) left interest rate unchanged at the May meeting, as was widely expected by economists. But some have suggested another hike could be on the horizon given less than optimistic inflation data which rose 1% in the March ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... licensees who have referral arrangements with cold-callers who use high-pressure sales tactics, with some cold callers receiving a cut of an adviser's advice fee while others are paid a flat payment. Other licensees, ASIC said, should identify their ...

Franklin Templeton to build advanced financial AI platform

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
Franklin Templeton announced it is working with Microsoft to build an advanced financial AI platform. The global investment manager said the partnership marked a significant step toward transforming the financial services industry. The platform will ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
The Future Fund has reported a one-year return of 10.1%, exceeding its target benchmark of 7.6%, as its total assets under management reached a record $223.4 billion. So far, this financial year, the sovereign wealth fund has posted an 8.3% return ...

Dividends up but share buybacks fall: Janus Henderson

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... disproportionately large reduction; US buybacks fell by $159 billion last year, down by 17% year-on-year. US technology companies cut back the most, spending $69 billion less than the previous year. Among these, Microsoft and Meta reduced buybacks by ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
Mine Super is reducing the administration fees members pay next month as it moves forward with its merger with TWUSUPER. Effective May 20, the industry fund said administration fees will be lowered 25% from $52 to $39 per year for super members due ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... previously thought. This was a backflip from Powell who earlier this month sounded confident the US central bank was aiming to cut rates "at some point this year". The Reserve Bank of Australia (RBA) is expected to cut rates after the US, which means ...