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Showing 781 - 790 of 11467 results for "Rate"

Australians urged to consider bequests amid $5.4tn wealth transfer

MATTHEW WAI  |  THURSDAY, 8 AUG 2024
... international aid are the top causes supported through bequests in Australia. "If we grew the current charitable bequest rate, it would transform both the for-purpose sector while benefitting Australian society more broadly, while still providing generously ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... balance for retirement by delivering stable returns via diversification. It targets moderately high returns of 3.25% above the rate of inflation or 3.75% above the rate of inflation for retirement income stream accounts. For example, if the consumer ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... spending. "Mortgage interest charges rose 2.6% in the June 2024 quarter driven by the continued rollover of some expired fixed rate mortgages to higher variable rate mortgages," Marquardt said. "Employee households recorded the largest annual rise in ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what the board knows today, what we can say ...

Chalmers 'confident but not complacent' on economic prospects

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
Treasurer Jim Chalmers has spoken out on the likelihood of Australia falling victim to the impacts of a potential US recession. This comes after global markets sustained a major sell-off, with the ASX losing $102 billion on Monday, after US data revealed ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... experienced such a vicious two-day sell-off." Ho said Australian traders were spooked by the unexpected jump in the US unemployment rate to 4.3% - a near three-year high. "That triggered the Sahm rule, which holds that a recession is likely underway ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Pinnacle Investment Management's affiliates reported a 20% jump in funds under management (FUM) as it welcomes Life Cycle Investment Partners to the fold. The multi-boutique reported total FUM of $110.1 billion at the end the 2024 financial year. ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
... Global Advisors APAC economist Krishna Bhimavarapu said the rise in inflation came in above expectations but an interest rate hike by the Reserve Bank of Australia (RBA) is not necessarily on the cards. "The data reiterates our view that the interest ...

US election outcome tops investor concerns: Natixis

MATTHEW WAI  |  WEDNESDAY, 31 JUL 2024
A new Natixis Investment Managers survey finds that the US election is the most significant risk to the market and could ultimately vary Australian superannuation funds' investment strategy. The 2024 Strategist Outlook, commissioned by Natixis ...