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Showing 1071 - 1080 of 6745 results for "Profit"

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... LGIAsuper and Energy Super will see the funds continue to operate under their existing brands and form the third-largest profit for-members fund in the state. The merged funds will manage more than $20 billion in retirement savings for around 120,000 ...

Chief economist update: Getting hot, hot, hot

BENJAMIN ONG  |  MONDAY, 8 MAR 2021
Crude oil remains hot with prices soaring to 14-month highs. This year to date, the price of Brent oil has surged by 30.5% to US$66.85 per barrel and that of the WTI soared by 31.2% -- more than making up for the full-year 2020's loss of 24.4% and ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
... some members to provide an employment termination date or separation certificate when attempting to transfer funds. "As a profit-to-member fund, Rest has the best financial interests of members at our core," the fund said. The regulator is seeking declarations ...

NEOS shakes up leadership team

KARREN VERGARA  |  MONDAY, 1 MAR 2021
NEOS Life has made several senior appointments, including new leads for its actuary, claims and implementation departments. Kirshan Reddy joined as chief actuary in February after working at MLC Life Insurance as the head of profitability and performance ...

Challenger names chief financial officer

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... $222.8 million on the previous corresponding period. Normalised NPAT dropped by 29% to $136.8 million while normalised net profit before tax came down 30% to $196 million.

Centrepoint Alliance posts $1.6m NPAT

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
Centrepoint Alliance reported $1.6 million in NPAT for the December half, as its total adviser numbers dropped slightly to 308. Gross revenue for the period was $70.6 million up 15% to the six-months ending June. Centrepoint's revenue comes from a mix ...

Industry fund CIO resigns

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The investments chief of a not-for-profit fund will leave after five years in the post. LUCRF Super chief investment officer Leigh Gavin will stay until Easter with the fund, sister publication Industry Moves first confirmed. Gavin joined LUCRF in May ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... platform (Sonata) and a UK platform (microservices). Total revenue is down 19.4% year on year to $115.7 million, while net-profit after tax plunged by more than 50% to $9 million. Chief executive Tony Klim said: "While markets are tough, our business ...

Most ethical companies revealed

ELIZABETH MCARTHUR  |  THURSDAY, 25 FEB 2021
... company to make the list was Teachers Mutual Bank. There are some unexpected companies on the list. For example, not-for-profit US healthcare provider Kaiser Permanente has been embroiled in a couple of high-profile scandals. In 2019, the company was ...

Chief economist update: Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
Even before the coronavirus vaccine was injected before Australian Prime Minister Scott Morrison's arm a day before the national roll-out on the 22nd of February this year, this 'Land Down Under' has already been returning to pre-covid normality. ...