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Showing 1011 - 1020 of 2129 results for "Financial Year"

Contribution caps cause SMSF cash surge

ALEX BURKE  |  THURSDAY, 17 AUG 2017
... contribution limits caused a significant upswing in self-managed superannuation fund cash allocations in the 2017 financial year, according to SuperConcepts research. As at June 30, the average SMSF comprised 19.8% cash (up from 18%), 12% fixed interest ...

ASX flags imminent blockchain transition

KARREN VERGARA  |  THURSDAY, 17 AUG 2017
... gaining ASIC's approval to quote long-form funds on its mFund settlement service. Among the highlights for the financial year, the ASX reported a record number of IPOs, jumping from 124 to 152 - the highest in six years. Revenue from listings however ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
... disability income insurance continued to be unprofitable for life insurers, reporting a $368 million loss for the financial year. The sector as a whole reported strong revenue growth of $34 billion, comprising net policy ($15.9bn) and investment ($14.8bn) ...

Blue Sky profits underscore alternatives opportunity

ALEX BURKE  |  TUESDAY, 15 AUG 2017
... opportunities in alternative assets. Blue Sky also declared a final fully franked dividend of 23c per share for the 2017 financial year. Costs for the year rose by 11%, excluding employee expenses, largely as a result of capital raising and fee rebates ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

Magellan officially ramps up retail offering

ALEX BURKE  |  THURSDAY, 10 AUG 2017
... penetration with self-directed investors." He said Magellan's marketing expenses will "increase materially" over the next financial year - to about $11 million - and will include, along with the Cricket Australia partnership, "a rollout of a brand advertising ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... allegations by reducing Narev's and other group executives' short-term variable remuneration outcomes to zero for the financial year ended 30 June 2017, and reduced fees for non-executive directors by 20% for the coming financial year.

Roaring forties produce super member tailwinds

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
... (12%). Colonial First State said the majority of its MySuper members received a return of about 13% for the 2016-17 financial year. It added that super members who took on greater investment risk were well rewarded. Colonial First State head of investments ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... decided to reduce to zero the Short-Term Variable Remuneration outcomes for the CEO and Group Executives for the financial year ended 30 June 2017," Livingstone said. "The board also recognised that it has shared accountability and therefore has decided ...

IOOF grows against the grain

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2017
IOOF credited the onboarding of about 50 advisers last financial year as a driving force behind its 131% increase in advice net flows. In what IOOF described as "counter to industry trend", its growing adviser numbers - including the 33 that joined ...