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Showing 1 - 10 of 58 results for "Slashes"

Challenger slashes offer price for Pepper Money

RIDDHIMA TALWANI  |  WEDNESDAY, 18 MAR 2026
Challenger has reduced its offer price for Pepper Money from $2.60 to $2.25 per share, saying this is its best and final offer. The revised proposal is inclusive of the calendar year 2025 final dividend of 7.8 cents per share and any special dividend. ...

Allianz Retire+ updates AGILE, slashes fees

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
Unveiling several updates, Allianz Retire+ has slashed fees for its retirement income product AGILE to 0.30% p.a. as well as the wait period to commence the lifetime income. The product fee has dropped from 0.80% p.a. while the wait time to commence ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
Equity Trustees has marked down the value of units held in the Shield Master Fund by as much as 75%, as victims petition the government for $5 million to start a recovery fund. The Save Our Super campaign, comprising victims of the Shield Master Fund ...

J.P. MAM slashes recession probability to 30%

KARREN VERGARA  |  TUESDAY, 20 MAY 2025
J.P. Morgan Asset Management has slashed the probability of a recession eventuating in 2025 in half to 30% amid relief from the latest tariff announcements, but it warns risks remain elevated. Last week, US President Donald Trump substantially lowered ...

Regal slashes holdings in Opthea over insolvency concerns

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Regal Asian Investments (ASX:RG8) has significantly devalued its holdings in biopharmaceutical company Opthea after the latter flagged insolvency concerns amid the failure of a major clinical trial. RG8 has been forced to drop Opthea's value to ...

Betashares Direct slashes brokerage fees on ASX 300

MATTHEW WAI  |  TUESDAY, 19 NOV 2024
Betashares has announced zero-brokerage investing for over 300 ASX-listed shares through its platform, Betashares Direct. The feature complements the platform's existing brokerage-free offering on all ASX-traded ETFs. By eliminating transactional brokerage ...

AAT slashes adviser ban

KARREN VERGARA  |  MONDAY, 8 JUL 2024
A financial adviser banned from practising for two years for failing to keep appropriate records had the term slashed in half by the Administrative Appeals Tribunal (AAT). The AAT varied ASIC's decision to ban Christopher Betalli from providing ...

Sequoia professional services lead exits, restructures business

KARREN VERGARA  |  THURSDAY, 4 JUL 2024
... board and oust chief executive Garry Crole and non-executive director Kevin Pattison. The announcement comes as Sequoia slashes its workforce by 10% and halves its divisional structure from four to two for the 2025 financial year. The new reporting units ...

Global X slashes ETF fees

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
Global X ETFs is reducing management fees on two of its fixed income ETFs, the Global X USD High Yield Bond ETF (USHY) and the Global X US Treasury Bond ETF (USTB). USHY is currently priced at 0.40% and UTSB is currently 0.20% per year but will be reduced ...

SPDR slashes fees on six ETFs

CHLOE WALKER  |  WEDNESDAY, 1 NOV 2023
State Street is reducing management fees on six of its SPDR exchange-traded funds (ETFs) following a pricing review, impacting almost 70% of the SPDR business' total local assets under management (AUM). The fee cuts, relating to four domestic sector ...
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