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Showing 861 - 870 of 4001 results for "Cut"

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
... Korean central bank announced policy easing measures only less than a month before. At its March 16 emergency meeting, the BOK cut its base rate by 50 bps to 0.75% -- the first in over a decade - and reduced the Bank Intermediated Lending Support Facility ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... 9% in income last year, buoyed by companies flushing out larger dividends before the federal election where Labor wanted to cut back on franking dividends. "Reality is [funds] won't provide as much income as last year but yields are still going to ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... successful is often what comes back to bite you and then another factor becomes the new hero overnight." APRA has attempted to cut through the confusion around risk with its Standard Risk Measure (SRM). Although, according to Dunnin, even this effort ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
... market territory, defensives led the rise, oil rose on one comment from an Algerian minister, Russia said they are willing to cut production and safe havens were reasonably flat," he said. "Despite the up-and-down state of the market, many investors ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... 'COVID-hourly rate'. Australians using this method can't claim any additional expenses deductions. "The short cut deduction method will make it easier for many Australians who are working from home for the first time due to COVID-19 when ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Centrepoint executives depart, pay cuts implemented

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
Centrepoint Alliance has announced two of its executives will depart as the rest of the leadership prepare for 20% pay cuts. Centrepoint Alliance's acting chief financial officer Peter Loosmore has left the company, effective yesterday. Centrepoint ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... slash fees for the rest of the year for members who have lost their job at the hands of the pandemic. The initiative will cut the the costs payable across administration, investment management and indirect fees to 0.6% for the rest of the year, meaning ...

SS&C secures platform mandate

HARRISON WORLEY  |  MONDAY, 6 APR 2020
US investment management software provider SS&C has been awarded a mandate to manage the wealth management platform of a local third-party investment administrator. Xplore Wealth has selected SS&C's global wealth platform (GWP) to underpin the entirety ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... access their super early. "The reality is Australians are losing their jobs, those who have jobs might be having their hours cut, they're worried about their health, they're worried about their financial position," Marshan said. "Telling someone who ...