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Showing 11 - 20 of 86 results for "PCT"

Perpetual investments drives profit boost despite market conditions

ALEX BURKE  |  THURSDAY, 22 FEB 2018
... the managed funds business was appointed to a number of significant roles in 1H18, which led to a greater contribution to PCT's revenue growth," Lloyd said. One of those new roles for PCT was the responsible entity mandate for Montgomery Global Investment ...

Super guarantee must be 12pct: ASFA

DARREN SNYDER  |  FRIDAY, 27 OCT 2017
The Association of Superannuation Funds of Australia has renewed calls for the super guarantee to be lifted to 12% as soon as possible because retirement balances are still nowhere near where they need to be. Latest ASFA analysis shows Australia's $2.3 ...

Australian Ethical sees 34pct member surge

ALEX BURKE  |  THURSDAY, 31 AUG 2017
Australian Ethical enjoyed a 34% boost in superannuation members in the 2017 financial year, pushing group funds under management to $2.15 billion. Reporting a 3% decrease in net profit to $2.9 million, the super fund and investment manager said headline ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
Superannuation savings climbed 10% in 2016-17 to reach $2.3 trillion, with performance income accounting for almost all the flows, according to figures released by APRA this week. Within segments, not-for-profit (NFP) funds climbed 12% to $983 billion ...

Queensland DB super liabilities tipped to fall 18pct

ALEX DUNNIN  |  THURSDAY, 15 JUN 2017
Queensland's public sector superannuation liability is expected to fall $7 billion over the next five years, and this is despite the state's defined benefit scheme surplus being partially repatriated. The figures were published in the Queensland Government ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
Australia's economic scorecard is out. GDP growth has plummeted to 0.3% in the March quarter compared to 1.1% last quarter, leaving economic annual growth at a lackluster 1.7%. Economic growth slowing by one third in past year adds to the pressure piling ...

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
Australia's slowly improving Budget position should enable the Australian Office of Financial Management (AOFM) to reduce its annual borrowings next financial year by about 20%. According to a statement released by the AOFM today, with two months left ...

Grant Samuel sells 80pct stake in GSFM

DARREN SNYDER  |  FRIDAY, 4 NOV 2016
Canadian wealth management firm CI Financial has purchased an 80% stake in Grant Samuel Funds Management. The deal is expected to close later this month with CI acquiring the stake previously held by the corporate advisory firm Grant Samuel, which established ...

Yale returns 3.4 pct

ALEX DUNNIN  |  FRIDAY, 7 OCT 2016
Yale Endowment Fund earned 3.4% in 2015-16, fuelled by its 54% weighting to alternatives, reports its investment office. YEF's return contrasts with the 2.9% achieved by the MySuper SelectingSuper benchmark for the same period and 4.8% achieved by the ...

Super guarantee of 12pct a mistake

KERRIE SYDEE  |  TUESDAY, 4 OCT 2016
Assuming that saving for retirement is synonymous with superannuation is a mistake according to the Grattan Institute. In its latest research paper the institute claims the assumption is also a trigger behind misguided plans to increase superannuation ...