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Showing 401 - 410 of 4001 results for "Cut"

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... from September in the hope inflation returns to an acceptable 2-3% target range. HSBC, however, doesn't foresee a rate cut until 2025. Younger advised clients with mortgages are bearing the brunt of rate increases. Your Wealth Hub chief executive ...

500 jobs to be axed at abrdn

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
abrdn will cut 10% of its workforce as part of a cost cutting exercise following significant outflows in the second half of 2023. The fund manager is targeting a cost reduction of $290 million (£150m) by the end of 2025 to restore its investments division ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... flagging that everyone is set to benefit from the changes. Albanese told radio station 2GB that all taxpayers will receive a tax cut. However, those earning over $180,000 will see their promised tax cut reduce while lower-income earners are to receive ...

Future Fund soars to $272.3bn

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... rallied strongly in the final quarter of the year, fuelled by speculation that interest rates have peaked and will soon be cut by central banks," he said. Among the investment changes made during 2023, the fund moderately reduced its alternatives exposure ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
Qantas Super has again reduced its insurance premiums six months after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement ...

Gen Zs now 'loud budgeting': Research

CHLOE WALKER  |  MONDAY, 22 JAN 2024
Research by NAB shows Gen Z is embracing the latest TikTok trend and cutting back on their spending, saving an average of $450 a month. New NAB Economics consumer sentiment data has revealed more than half (56%) of Gen Z and younger Australians are ...

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... pushed back the financial adviser registration deadline in fear that many relevant providers will not make the February 1 cut off. The 4036 advisers who as of January 18 have outstanding registrations, according to ASIC, now have until February 16 to ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... billionaires are hording more wealth, rocketing cost-of-living pressures mean that everyday Australians are being forced to cut back on food for their families and heating and cooling for their homes, just to keep their heads above water. "We cannot ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
... Fed expected to start cutting rates in March. However, Lawson said pricing for the RBA is far more modest, with the first cut expected in May 2024. "Our base case is for the RBA to remain on hold at current rates before commencing an easing cycle in ...

Centuria REIT valuation dives $124m

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2024
... book value was $2.23 billion. The remainder of the portfolio was valued as at 30 June 2023, at which time the valuation was cut by $102 million or 4.4%. Since, the REIT has agreed to several divestments, including in Robina, Queensland and Canberra. ...