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Showing 381 - 390 of 4538 results for "Dollar"

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... demand for labour in the boom years and the decline thereafter had significant effects on wages growth and the Australian dollar, which persisted for many years after the peak in mining investment." Two margins of adjustment enabled the resources sector ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial (BPS). The regulator alleged BPS made false, misleading, or deceptive representations and engaged in unlicensed conduct in relation to a non-cash payment facility ...

Millionaires worry about retirement

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
... 35% of millionaires believe it will take a miracle to retire securely. Natixis Investment Managers released The Million Dollar Question report which evaluates retirement sentiment among high-net-worth (HNWI) investors. It found millionaires and everyday ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... and fund outflows in the US, he added. "However, this was offset by net inflows from the EUKA region and the stronger US dollar, which helped deliver a favourable currency uplift of $2 billion," he said. Giving an update on the Scheme, he added that ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... 1.05% at June end. This includes changes made to fees last month. Effective September 1, Australian Ethical reduced the dollar-based administration fee across all its products from $97 a year to $74 a year. This is charged in addition to a percentage-based ...

HESTA changes administration fees

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... members next year, with the fund saying its operational costs have increased. From February 2023, HESTA is reducing the dollar-based component of the administration fees paid by accumulation members from $1.25 to a flat $1. However, the percentage-based ...

Global X drops management fees

CHLOE WALKER  |  WEDNESDAY, 12 OCT 2022
To provide investors with more cost-effective access to the US fixed income market, Global X ETFs Australia has reduced the management fees of two ETFs. Specifically, the management fee for Global X US Treasury Bond ETF (Currency Hedged) has been lowered ...

RBA tipped for another rate rise

CHLOE WALKER  |  TUESDAY, 4 OCT 2022
... US Federal Reserve has increased its 2022 yearend rate projection by an additional 100bps. In response, the Australian dollar has suffered. "While the RBA has noted a preference for a weaker Australian dollar, it's now approaching tenuous levels which ...

More consolidation is needed, says Diverger chief

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
Diverger managing director Nathan Jacobsen believes more consolidation must happen within the financial advice industry. "I think we are one of the larger service providers and yet, by listed company standards, we're small," he explained in a recent ...

RBA progresses digital currency project

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
The Digital Finance Cooperative Research Centre (DFCRC) and the Reserve Bank of Australia (RBA) have released joint research report, providing an update on the possible central bank digital currency (CBDC) the two are exploring. The report titled Australian ...