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Showing 61 - 70 of 2273 results for "Below"

Adviser numbers drop, FAAA strengthens recruitment

KARREN VERGARA  |  MONDAY, 15 MAY 2023
As adviser numbers drop below 16,000, the Financial Advice Association Australia (FAAA) is ramping up its initiatives to curb the attrition rate and meet the soaring demand for advice. The FAAA's chief executive Sarah Abood, who spoke at the newly merged ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... return was 9.1% per annum, besting its 6.8% target, Costello added that the board expects real returns to be substantially below those of recent years. Meanwhile, Future Fund chief executive Raphael Arndt emphasised the importance of adapting to the ...

APAC investors cut PE allocations by 50%

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... (GPs) retrenched, and Asia Pacific deal value plummeted 44% to US$198 billion. Exits and fund-raising also fell sharply below 2021 levels." In hindsight, the report explained, investor exuberance and a superabundance of global capital helped propel APAC ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... bring the headline tax rate to 30% from 15% for superannuation balances greater than $3 million. Earnings relating to assets below the $3 million threshold will continue to be taxed at 15% or 0% if held in a retirement pension account. In Chalmers' proposed ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... Resource Rent Tax. Grattan said that even by implementing all the tax-focused recommendations, Australia would still be below the OECD average in terms of tax collections as a share of the economy. In terms of spending reductions, it's recommended cutting ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... economic forecast, particularly considering banking stresses in the US and Switzerland. Persistently high global inflation and below average worldwide economic growth are also a concern. In Australia, the impact of international banking stresses has ...

Blackstone limits withdrawals on $103bn real estate fund

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... matters and BREIT has delivered: 12.3% annualised net return since inception. As for March redemptions, they remain 16% below their January peak despite elevated market volatility," Blackstone said. "BREIT is not a mutual fund and has never gated. It ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... employment status. If the insured member was employed or self-employed within 16 months before the disablement date and below 65 years old, they fall under Definition A. This definition requires the insured member to be evaluated as "unlikely to ever ...

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... paying fees less than $3000, believing that the level of work required significantly reduces profitability. "Clients much below this level generally detract from value and have fallen to below two times revenue if they can be sold at all," Centurion ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
... report stated the US labour market remains extremely tight and to bring inflation down it will likely require a period of "below-trend growth and some softening of labour market conditions." Responding to a question yesterday, Powell said "some part" ...