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Showing 841 - 850 of 4001 results for "Cut"

Global manager reduces fees on flagship fund

ALLY SELBY  |  THURSDAY, 30 APR 2020
A global investment manager has cut fees on its $3.4 billion flagship global equity fund, ahead of the government's changes to end conflicted grandfathered remuneration. T. Rowe Price as slashed management fees on its Australian Unit Trust Global ...

Raiz cuts costs, super increases

ALLY SELBY  |  TUESDAY, 28 APR 2020
... With market volatility impacting the investment platform's funds under management, Raiz has taken "decisive steps" to cut $1.2 million in costs. It comes as the platform reveals its superannuation product grew by 75.2% to $66.25 million compared ...

Dividends could take years to return: UBS

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... a combination of weak earnings growth and large equity dilution," Stoltz said. According to UBS, since February the market cut consensus dividend per share forecasts for 2020 by 22%. "The pace of dividend revisions is now dropping at twice the average ...

ANZ accused of exploiting staff

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
The Finance Sector Union has accused ANZ of exploiting staff in an effort to pad out its results, with the big bank hitting back. An FSU spokesperson said the union had received "hundreds" of complaints after ANZ asked all staff to take their accrued ...

Top asset consultants named

ELIZA BAVIN  |  MONDAY, 27 APR 2020
... the fact investors want proactive and tailored engagement from their advisors. "One size fits all advice simply won't cut it in this market anymore," she said. "The strong results Frontier has achieved over the last five years show the firm has responded ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
The big bank has entered a trading halt as it looks to raise $3.5 billion to sustain the business throughout the COVID-19 downturn which has so far seen the interim dividend more than halved and the NAB leadership team take pay cuts. Releasing its 1H ...

LGIAsuper revises down unlisted assets

KANIKA SOOD  |  FRIDAY, 24 APR 2020
... such assets caused by COVID-19 shutdowns, which have tanked rental income as well as asset prices. In March, AustralianSuper cut the value of its unlisted assets to 7.5% on average, shaving off 2.2% in returns from its $126 billion balanced option. UniSuper ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... shorting ETF), as investors put in net $35 million, likely expecting oil prices to stabilise after the recent OPEC deal to cut down production by 30% in the wake of an oversupply. On Monday, May WTI futures contracts slipped into negative territory for ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... Christopher Gordon said, with companies either asking staff to reduce hours by 20% or asking them to maintain hours but take the pay cut. Gordon said it is the larger corporates where 20% pay cuts have been most common. Encouragingly, he said he hasn't ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
The corporate watchdog has disqualified, suspended and added additional conditions to six different self-managed super fund auditors as it works to ensure the industry meets competency and expertise standards. Auditors from around the country suffered ...