Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 421 - 430 of 4000 results for "Cut"

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
While Australia's economy has been surprisingly resilient to Reserve Bank of Australia (RBA) rate hikes, inflation remains well above global trends, according to UBS's 2024-2025 local economic outlook. The report, written by UBS economists George Tharenou ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... the past four years. Notably, members benefited from a 14% reduction in MySuper investment fees in 2020 and an additional 2% cut in 2021. Meanwhile, starting 1 January 2024, legalsuper will no longer apply a 15% tax rebate on premiums for members with ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

SPDR slashes fees on six ETFs

CHLOE WALKER  |  WEDNESDAY, 1 NOV 2023
... Fund (WDIV) will reduce by 15 basis points from 0.50% to 0.35%. Finally, the SPDR MSCI World Quality Mix Fund (QMIX) will be cut by 22 basis points from 0.40% to 0.18%. Combined, they account for 67% of the business' total Australian AUM. SPDR ETFs Australia ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... lot to like about this partnership." However, he said that even at $13 billion, the combined group "will still have its work cut out for it." "This is most likely just the next expansionary step for acquisitive Future Group. It signals they are absolutely ...

CFA final exam pass rate declines

CHLOE WALKER  |  THURSDAY, 26 OCT 2023
... study schedules through unprecedented times along the three-exam journey," Wiese said. "For candidates who did not make the cut this time around, I encourage you to regroup, stay focused, and take advantage of all the learning tools and modules freely ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... addition to an executive shakeup, Selfwealth is undertaking a business restructure and transformation program in a bid to cut down costs. "The board will act decisively and in a fiscally disciplined manner to ensure the company is strategically and commercially ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement because of costs incurred over a five-year period that cover "investigating and preparing the matter ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
... minds," Kim said. In addition, 47% of insurers are exploring technology solutions that improve operational efficiency and cut costs. As to where technological enhancements can "add value" to their SAA, the report indicated that insurers most frequently ...

ART outlines road to net zero 2050

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
Australian Retirement Trust (ART) will aim to cut greenhouse gas emissions in its investment portfolio by 43% by 2030 on the way to net zero by 2050. The $260 billion super fund has released its Net Zero 2050 Roadmap, outlining how the fund plans to ...