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Showing 421 - 430 of 1566 results for "Offset"

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 ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... called the 'Administration fee - Protecting your Super' which will see members pay up to 0.04% of their balance to offset the impact of the recent Protect Your Super reforms.

Macquarie expected to fall short of 2019 performance

HARRISON WORLEY  |  TUESDAY, 11 FEB 2020
... strong thanks to large asset realisations. However, the firm said the drop in Macquarie Capital's performance was partially offset by "stronger activity" across most of the businesses in its commodities and global markets arm.

Industry super steps up SG campaign as RBA weighs in

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... said the RBA believes increases to compulsory savings won't impact consumption, as a decrease in voluntary savings will offset the impact of the SG increase. "To think about the effect of that on the economy, you've also got to take into account ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... expected to reduce GDP growth by a quarter of a percentage point this year". But the "rebuilding effort is expected to broadly offset that effect over the rest of this year," allowing the RBA to maintain its growth forecast of "2 3/4 per cent this year ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... for middle income earners. It also recommended examining tax concessions, increasing the low income superannuation tax offset and making super payable on the day. ISA chief executive Bernie Dean said the only way to give Australia's dignity, choice and ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... year, all accumulation members will pay up to 0.04% of their balance - in addition to the existing $2.25 admin fee - to offset the impact of the recent Protect Your Super (PSY) reforms, specifically the 3% fee cap applicable to balances of less than ...

Beware the retirement trap

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... is reduced by three dollars a fortnight (or $78 per year) for every three additional $1000 in assets. BetaShares said to offset this reduction, each $1000, if invested, must generate an annual return above 7.8%. "For a retiree caught in the 'retirement ...