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Showing 81 - 90 of 1552 results for "Offset"

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... terminated. The termination is to take effect from this Friday. "The impact to profit of the related loss of revenue will be offset by an acceleration of planned cost savings to be delivered in FY26," Platinum said. Reporting to the ASX, Platinum recorded ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... Better Financial Outcomes (DBFO) reforms. SMC said it would also push for the parliament to lift the Low-Income Super Tax Offset to strengthen retirement for low-income workers, mostly women, to get a fairer tax deal on super. The super lobby group called ...

OneVue, Spectrum drive Praemium to record FUA

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... business. Here, the growth was largely driven by the OneVue acquisition, which added $4.1 billion to FUA. This was marginally offset by $130 million in net outflows over the quarter. Also contributing strongly was the new IDPS solution Spectrum, which ...

Insignia Financial trims $5bn off FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 23 APR 2025
... business' assets were down 1.4% due to negative market movements and $608 million in pension payments, though partially offset by net inflows of $393 million. The MLC Expand Advised products saw close to $500 million in net inflows in the quarter. The ...

AMP super and investments business see more outflows

ELIZA BAVIN  |  THURSDAY, 17 APR 2025
... total AUM drop from $78.1 billion to $77.3 billion - $1.17 billion of which was a result of market movements, partially offset by the $740 million in net cashflows. George said AMP is continuing to introduce new feature, functionality and support for ...

Div 296 must proceed to strengthen 'fairness' in superannuation: ASFA

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... Institute. "This includes supporting Division 296 measures while ring-fencing and enhancing the Low-Income Superannuation Tax Offset (LISTO) to protect low-income earners," the report said. "These reforms present an opportunity to enhance fairness in ...

Nearly $9bn leaves Perpetual

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... fund manager was hit hard by net outflows of $8.9 billion and negative currency movements of $0.9 billion, but marginally offset by market gains of $0.7 billion. All its affiliates saw AUM shrink between 1-5% in the quarter. Barrow Hanley reported the ...

Taxes and housing dominate election race

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... automatic $1000 tax deduction for work expenses, while the Coalition promised a one-off $10 billion cost-of-living 'tax offset' of up to $1200 to Australians earning below $144,000. Chartered Accountants ANZ's chief economist Richard Holden said housing ...

Investors brace as US unleashes tariffs

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... country, imposing a blanket 10% tariff on all imports from all countries, plus higher reciprocal tariffs on many countries to offset what he believes are barriers to US exports. Australia has been hit with a 10% tariff, while the likes of China (34%) ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... $500 million a year from the super tax windfall to strengthen retirement for low-income workers. "The Low-Income Super Tax Offset (LISTO) has been frozen since it was introduced 13 years ago, effectively cutting the super tax benefit for some of the ...