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| | | ... highs and lows without any clear averages. In a matter of months or quarters, we can see fluctuations ranging from high inflation to strong deflation, and from recoveries to collapses, he says. So, investment managers face a significant challenge in ... |
| | | | ... GDP by 2060. Oppositely, many OECD retirement income systems have poor system design, population ageing, and elevated inflation imperilling long-term sustainability. The average OECD government spend on pension payments will rise from 9% to 14% of GDP ... |
| | | | Perpetual has reported a slump in its net profit after tax (NPAT), which now sits at $26.8 million for the six months through to December 31, down from $59.3 million the prior year. It explained FY23 NPAT includes significant items relating to the transaction ... |
| | | | ... RBA explained that it a pattern of income prices and wages data exceeding expectations, as well as a risk that high inflation would persist, were all arguments for a 50 basis point increase. "If it did persist, there would be significant costs, including ... |
| | | | ... institutional firms," he said. "To be able to deliver a meaningful fee reduction, particularly in a time of heightened inflation and volatile markets, is very pleasing." Meanwhile, BlackRock head of wealth Australasia Chantal Giles said: "The best outcomes ... |
| | | | ... advisers and retirees to consider anchoring their portfolios with a guaranteed income. "The markets are highly volatile, inflation is rife and the income profile for retirees can be locked in now, market linking their asset base (up to a maximum return) ... |
| | | | ... Bloxham said this is good news for the Reserve Bank of Australia (RBA), as it will take pressure off wages growth and inflation. "Falling employment and a rising unemployment rate would typically be thought of bad news for the economy. But at the moment ... |
| | | | ... "Professional fund selectors have genuine concerns about what 2023 will bring, as they anticipate elevated levels of inflation, rising rates, and increased market volatility." "They see rising rates as driving a resurgence for bonds and are reallocating ... |
| | | | ... Senate hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe said people have forgotten how corrosive inflation is. The governor explained the RBA has one priority and that is to bring inflation down. "Inflation at the moment is 7.8% and ... |
| | | | Australia will remain resilient amid raging headwinds posed by inflation and interest rates, to the extent that it will meet its growth forecast and avoid a recession, according to an investment expert. La Trobe Financial chief investment officer Chris ... |
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