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Showing 741 - 750 of 8611 results for "Lower"

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... which would be the first in 15 years," he said. "We expect that to be followed by a deficit of $13.9 billion in 2023-24 and lower deficits across the forward years compared to recent Budgets, leading to a $125.9 billion improvement over five years, and ...

Private markets boost Macquarie AM results

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... period to March, down 23% year on year as a result of the disposition of assets in Macquarie Infrastructure Corporation and lower gains on asset realisations in the green energy sector. During the year, MAM said it raised a record $38.2 billion in new ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
The Financial Conduct Authority (FCA) has proposed reforms to simplify listing rules, positioning the UK to attract a wider range of companies. The FCA wants to make the UK's listing regime more effective, easier to understand, and competitive, ultimately ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... to be exploited by disreputable employers," Treasurer Jim Chalmers said. "The change will particularly benefit those in lower paid, casual and insecure work who are more likely to miss out when super is paid less frequently. Women are overrepresented ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
... Jacobs said. "Asset Management is off to a solid start for the year. However, slower M&A activity resulted in significantly lower revenues in the quarter and the outlook for the year remains uncertain. "We are implementing cost-saving initiatives to ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... and member services, APRA expects RSE licensees to reduce fees or consider other actions such as transferring members to lower fee products or fund consolidation, to improve outcomes for members," she said. Overall, two-thirds of Choice products that ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... future. "The way of introducing this policy induces fear for superannuation builders and is likely to encourage holding lower balances, where individuals are able to restructure their affairs to do so." It suggested a five-year transition period would ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... Superannuation Guarantee (SG) contribution rate. Australians' 17.4% contribution ratio has risen from 15.8% in 2018 but remains lower than the 20.8% peak in 2017, before the introduction of the Transfer Balance Cap (TBC). The TBC limited tax-free ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... after it found ASIC's original case against Mawhinney lacked procedural fairness. Rather than have the case remitted to the lower court, Mawhinney launched a special leave application to the High Court. On Friday, the High Court refused the application. ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... concessions consultation that recently opened. FAAA chief executive Sarah Abood urged that the tax rate should be materially lower than the proposed 30%. "[The] impact of the proposed increase in the tax rate will be substantially more due to a number ...