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Showing 961 - 970 of 9369 results for "Income"

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... delivering strong returns and balances is only part of the job. "Two years on from the implementation of the Retirement Income Covenant, we are still having the same conversations. Equally, we're still seeing a lack of urgency in improving member services ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." Challenger's ...

Russell Investments appoints global head of alternatives

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... external investing group. Earlier in her career at GSAM, Parra was a senior commodity portfolio manager within the fixed income group, with responsibility for the growth and development of the commodities business, and she managed key client relationships ...

Netwealth FUA nears $90bn

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... million in revenue generated by the platform business, up 18% on the prior corresponding period. Netwealth's total income reached $255.2 million, up 18.9%, while statutory net profit after tax rose 24.1% to $83.4 million. "We have expanded and strengthened ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... administrative tasks such as bookkeeping and calculate its net asset value. EQT is already the RE of Woodbridge's Secured Income Fund, a similar strategy that aims for a net return of the RBA cash rate plus 5% to 7% p.a. with indirect exposure to ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... estimates around $140 billion of additional savings has been drawn down as at Q1 24. "Based on our forecasts for household income and consumption over 2024, the stock of 'other' excess savings accumulated over the pandemic will continue to decline until ...

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
The Association of Superannuation Funds of Australia (ASFA) is proposing to increase support for low-income earners by redistributing the revenue generated from the government's planned additional taxation on superannuation balances above $3 million ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... 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 price index (CPI) averages 3% p.a. year over 10 years, the option aims for an ...

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

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... growing conditions, impacted living costs, according to the data. Pensioners, and other Australians whose main source of income is from government payments, saw the biggest quarterly jump in living costs. This was as a result of higher rental prices ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Two-thirds of Australians with guaranteed income streams are proactively retiring with fewer worries and are doing so to enjoy their twilight years, contrary to popular belief, a new study reveals. Research from Macquarie University's School of ...