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Showing 451 - 460 of 4000 results for "Cut"

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
Inflation is a looming threat to retirement incomes, so it's no surprise financial advisers are rotating toward more dynamic strategies. According to a report penned by Challenger and Ensombl, inflation is fast becoming the number one threat to ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... sectors will also experience material effects due to AI technology. Certain risks, such as cyber security and data privacy, cut across all sectors. On the other hand, opportunities related to worker safety and asset optimisation are more specific to ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon. Speaking this morning, Fair Work Commission ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... study conducted by Good Shepherd that found 73% of financial counsellors said that clients have missed essential payments, cut back on essentials, or gone without essentials, to service BNPL debt. He added last year ASIC found that 19% of BNPL consumers ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
Only two years on from its creation, the government is cutting the Financial Regulator Assessment Authority's funding, in a move that will see it only review the activities of ASIC and APRA every five years. The Authority, which commenced 1 July 2021 ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
To understand how the 2023-24 federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
The federal government has delivered its second budget since coming into office last year, and as expected, cost of living support has featured prominently. So what has treasurer Jim Chalmers included in the 2023 federal budget when it comes to spending ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Operating a financial advice practice is set to become easier and cheaper under a raft of measures the federal government has introduced, which includes buffering the rising costs of power bills and reducing administration burdens. Federal treasurer ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... increasing evidence of slowing growth and a cooling labour market for the RBA to leave rates on hold in May ahead of an eventual cut in rates to support struggling economic growth from later this year and through 2024." T. Rowe Price portfolio manager ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
Lazard is slashing its global workforce by 10% this year to save on costs amid a lack of deal activity. In a quarterly update, Lazard said it has already commenced the initiative, with US$21 million spent on the plan in Q1. It said it anticipates the ...