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Showing 401 - 410 of 1553 results for "Offset"

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... their super funds instead of taking account-based pensions and annuities. "This choice allowed retirees an opportunity to offset some of the losses they had incurred through the market falls and strengthen their financial security for the remainder of ...

World rolls out stimulus

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... billion package to support businesses. British Chancellor Rishi Sunak said the government will do "whatever it takes" to offset the economic impact caused by the virus, with Johnson promising to put the country on a "wartime footing". New Zealand's ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... volatility, the ups and downs of the markets. The idea being that, when something goes up, another thing may go down, and offset each other partially," he said. "That idea of having a superannuation option where you've got property, and infrastructure ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset the effects of the coronavirus outbreak. The Fed said "the coronavirus outbreak has harmed communities and disrupted economic ...

Link's superannuation arm takes a hit

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... strong." McMurtrie said the result demonstrated the benefits of geographic business diversification, which he said helped to offset headwinds in Link's UK corporate markets and retirement and superannuation solutions arms. "Link Group's business units ...

Evans Dixon slashes staff

ALLY SELBY  |  THURSDAY, 27 FEB 2020
Embattled wealth manager Evans Dixon has revealed it fired 20% of its staff, as it reports its underlying earnings were down 22% for the half-year to $20.8 million. The firm cut 14% of its staff in its wealth advice business, 5% of its E&P business ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...

Profits down as Perpetual looks to future

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
... advisers, which grew by 24% in the last year. Net outflows of $1.5 billion buffeted Perpetual Investments, which Adams said was offset by elevated markets. The second quarter saw the firm return to positive flows, as cash and fixed income ballooned to ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... growing 5.2% in the six months to December end. The six months brought net inflows of $1.5 billion but this growth was offset by impact of Protecting Your Super and margin compression. Gross margins were also affected by legislative changes and competition ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... future". AMP Capital and AMP Bank were the only two arms of the business that experienced growth, despite some of this offset the board decided not to declare a final dividend. AMP chief executive Francesco De Ferrari said 2019 was a year of "fundamental ...