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Showing 1 - 10 of 572 results for "December quarter"

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... Statistics, which defines a technical recession to include two or more consecutive quarters of contracting output. The December quarter's slowdown was driven by the services, production, and construction sectors. The services sector recorded three consecutive ...

IPO Capital clients receive payments from Mayfair 101

JAMIE WILLIAMSON  |  FRIDAY, 9 FEB 2024
... action against Mayfair 101, the group has resumed interest payments to lenders in IPO Capital. Payments for the December quarter have been made in full to more than 12 lenders after waiting for the group's liquidity position to improve. IPO Capital operated ...

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... inflation, down from a peak of 7.8% in December 2022. Meanwhile, trimmed mean annual inflation was 4.2% in the December quarter, lower than 5.1% in September 2023, and the peak of 6.8% in December 2022. Notable price increases this quarter included tobacco ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... farewell its chief financial officer. In a quarterly update, Netwealth said a $6 billion increase in FUA in the December quarter has pushed its total FUA to $78 billion. This included $2.6 billion of net inflows, up 25% on the prior corresponding period. ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... that our shareholders can participate in the future," he said. The acquisition is expected to complete in the December quarter of 2023.

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... significant inflationary contributors. Of note, inflation for services also increased to 6.1% from 5.5% in the December quarter, the highest level since 2001. Treasurer Jim Chalmers said the latest ABS data confirms that inflation has passed its peak ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... exceeding, the ASFA Comfortable Standard to maintain their desired living standard in retirement. In the 2022 December quarter, the advocacy body reported the comfortable standard for a couple is $69,691 and around $49,462 for a single person. "Australians' ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their retirement income ...

One in 10 adults interested in crypto: Report

CHLOE WALKER  |  FRIDAY, 17 FEB 2023
... one investment in crypto assets, according to a new report. A survey carried out by Investment Trends in the December quarter last year found about 1.95 million Australians have made an investment, however about 390,000 have since liquidated their holdings. ...
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