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Showing 741 - 750 of 11410 results for "Rate"

Australia unlikely to tame inflation

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... appears to be challenging to achieve. "I'm surprised that the market is only predicting about a 25% chance for an interest rate hike in August, because it looks like inflation is going to [be around] 4% [when] we get that report on July 31," he said. ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... interest option. "These funds have an average effective tax range of 10-15% for investors regardless of their marginal tax rate. This creates a significant tax arbitrage for a large range of investors," the company said. It also said that it has a "broad ...

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... to middle and lower income individuals, including affordable, social, essential worker, specialist disability, and market-rate rental properties via an "integrated build-to-rent model" and home ownership pathways through "build-to-rent-to-own" and "build-to-sell" ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
Insignia Financial has warned its upcoming FY24 results will be impacted by "a significant increase in remediation for legacy quality of advice" issues. In a quarterly update, Insignia Financial confirmed it is adding $135 million after tax to its remediation ...

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1% in June, according to data released by the Australian Bureau of Statistics (ABS). While a lower unemployment rate is normally a good sign for the economy, VanEck ...

Mercer Super chalks up 11.2% return

ANDREW MCKEAN  |  THURSDAY, 18 JUL 2024
Mercer Super's SmartPath, its default lifecycle investment option, has delivered returns ranging from 11.2% and 11.7% for the last financial year. Mercer's acting chief investment officer for the Pacific region Sue Wang said the results were an excellent ...

Brighter Super posts 9.07% returns for its default option

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
Brighter Super announced double-digit returns in its Balanced and Growth accumulation options and 9.07% for its default MySuper option. The Balanced accumulation option returned 10.57% and the Growth accumulation option delivered 11.91%, for the year ...

Equip Super returns 9.23% to members

ELIZA BAVIN  |  WEDNESDAY, 17 JUL 2024
... over the past 15 years." The super fund said that since November 2023, buoyant equity markets, driven by expectations of rate cuts, enhanced returns. Equip Super's Retirement Income Account members also saw healthy returns, with the Retirement Income ...

Global Credit Investments appoints new chief executive

ELIZA BAVIN  |  TUESDAY, 16 JUL 2024
Global Credit Investments (GCI) has appointed Ben Skilbeck as its new chief executive. Skilbeck joins GCI from PM Capital where he served as chief executive for nine years, driving strategy and operations. He will work closely with GCI co-founders Gavin ...

MLC awards $285m mandate to Janus Henderson

ELIZA BAVIN  |  TUESDAY, 16 JUL 2024
... creating several tailwinds in sectors such as biopharmaceuticals, fintechs and green energy, and run alongside favourable rate cutting cycles and GDP growth in these regions. Asset allocators across Australia, including MLC Asset Management, have recognised ...