Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 1946 results for %22June quarter%22

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... generate meaningful returns from a diversified range of assets such as that owned by the Future Fund." Meantime, for the June quarter, the fund returned just 1.6%. For context, and while a direct comparison cannot be drawn, the median return for superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the annual increase to 6.1%. ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared to the $3.29 trillion recorded in the year prior. Total APRA-regulated assets grew by 9.3%, amounting to $2.45 trillion. ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... in 3Q23, and the group remains well provisioned," Westpac said. Credit impairment provisions stood at $5.1 billion as at June 30, surpassing the base case economic scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... joined forces with Challenger to launch a retirement income solution to its members either by the end of this year or before June 2024. About 75% of TelstraSuper's retirement income on offer are account-based pensions. The remaining 25%, which are ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... energy prices went up 0.1%. Core CPI, however, which excludes the volatile prices of food and fuel, fell to 4.7% from 4.8% in June, the lowest since October 2021. GSFM investment strategist Stephen Miller said while the inflation did rise, it reflects ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... three months. Complaints involving financial difficulty rose by 9% year on year to 4849. These shot up 31% in the June quarter. Home loan complaints rose 10% annually but grew 19% quarter on quarter. Credit card complaints rose 15% year on year and more ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... contributed to Group net outflows." Meanwhile, wealth management's total funds under advice (FUA) were $18.5 billion as at June 30. Net inflows were $0.1 billion, with continued contributions from Native Title and philanthropy sector clients. Regarding ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... excluding the volatile food and energy categories, core PCE prices rose 4.6%," he explained. He further mentioned that in June, the 12-month change in the Consumer Price Index (CPI) was recorded at 3.0%, and the change in the core CPI stood at 4.8%. ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... the 7% annual rise in March, marking the second consecutive quarter of lower inflation. CPI rose by 0.8% over the June quarter, fuelled by higher rental prices (+2.5%), international holiday travel and accommodation (+6.2%), other financial services ...