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Showing 21 - 30 of 80 results for "Magic"

Hundreds of billions ripped from super

HARRISON WORLEY | FRIDAY, 5 JUN 2020

For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR | THURSDAY, 23 APR 2020

... while the industry has mercifully avoided mass redundancies as a result of COVID-19, many have seen their pay reduced. The magic number seems to be 20%, Profusion Group director Christopher Gordon said, with companies either asking staff to reduce hours ...

Chief economist update: Economy slows to decade low but still tops the pops

BENJAMIN ONG | THURSDAY, 5 SEP 2019

... the lingering US-China trade war, among others. As for imports, the Australian dollar's depreciation is working its magic on the domestic economy by encouraging Australians to buy "Made in Australia" products and services and "staycations". Certainly ...

What 1% in fees could do to investments

KANIKA SOOD | FRIDAY, 19 OCT 2018

... rather than returns make the biggest difference to investors' quality of life in later years. "People don't realise the magic of compound interest," Hodge said. "It works for you but it can also work against you [compounding of fees]," he said. "What ...

Aussie retirees blindsided by cost of living: Schroders

HARRISON WORLEY | THURSDAY, 19 JUL 2018

... retirement, particularly in the current environment of low returns and increasing inflation," Morgan said. "There is no magic wand for people. To avoid facing challenging financial circumstances on retirement, they need to recognise the need to start ...

How much do you need to feel financially free?

KANIKA SOOD | TUESDAY, 3 APR 2018

NAB has put a dollar figure on the magic number Australians think they need to "significantly improve their lives forever." The average Australian believes they need $828,000 - up 9% over last year - to turn around their life financially. However, the ...

ABDO unveils top investment strategies

KARREN VERGARA | THURSDAY, 22 MAR 2018

... can buy a portfolio of stocks that has a great dividend yield, a decent return on equity [and] has low debt, you've got a magic combination. "That's the secret of making your portfolio grow faster than the market or faster than anyone else. It's not ...

ASFA slams Grattan's super proposals

KARREN VERGARA | THURSDAY, 22 FEB 2018

... 2025, arguing this "will hurt the living standards" of low-income earners - the bulk of whom are women. "But there is no magic pudding when it comes to superannuation. Higher compulsory super contributions are ultimately funded by lower wages, which ...

Three is the magic number

BENJAMIN ONG | THURSDAY, 14 DEC 2017

And so it came to pass, The Fed delivered! The US central bank lifted the fed funds rate by 25 basis points to 1.25%-1.50% following its 12-13 December FOMC meeting - as widely expected and telegraphed but more importantly, as the dot plot of December ...

ETFs set to continue dominance

JAMIE WILLIAMSON | WEDNESDAY, 2 AUG 2017

... perhaps the benefits afforded by ETFs have made them inherently more trusted within the advice community. "ETFs are not a magic bullet. They are nothing special, they are just a means to an end. But, where they help you in your practices is that they ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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