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

Search Results

Showing 1071 - 1080 of 7967 results for "Total"

Centuria buys greenhouse farm

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... with an initial $177 million investment in a glasshouse located in Warragul, Victoria. In the year to June 2023, Centuria's total assets under management inched to $21 billion from $20.6 billion in the year prior. Revenue grew 23% to $370.1 million ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... clients following its downfall, expected to amount to about $193 million. These complaints alone account for 85% of the total received and the actuaries calculating the levy estimate have assumed that all eligible complaints - some 1556 - will result ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... executive. In December 2023, Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion in total funds under management (FUM). Compared to December 2022, Platinum's FUM was 15% higher at $18.2 billion. A large portion ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... monetary limits every three years in line with the higher of the percentage increase in the Consumer Price Index and the Male Total Average Weekly Earnings. Since its inception, AFCA said it has recouped $1.2 billion in compensation and refunds for more ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... $1.91. The scheme was opposed by some individual investors, including a collective known as the Woodford Campaign Group. In total, 3.9% voted against it; by value, this comprised nearly 15% of individual investors. All institutional investors voted for ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... stake in FirstCape and its investment will be used to finance the payments to NAB and Jarden. The new firm will boast a total of 113 advisers, with NZ$29 billion of funds under administration (FUA) and NZ$15 billion of funds under management (FUM), which ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... investment fees and costs charged at 0.30%, performance fees charged at 0.11%, 0.08% in transaction costs, and 0.49% in total investment fees and costs. Now, the product will cost a member with a $50,000 balance approximately $426.29 - an increase of ...

Advisers, accountants ramp up partnerships

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... firm for $1,022,000. At the end of June, Count completed eight acquisitions and one merger of accounting firms to own a total of 18. For advisers looking to sell their business, Birt said that this is "an excellent time". "The recurring revenue multiples ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
... under management is currently overseen by internal investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' FUM is managed internally. However, NFPs command about ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... million have farm-related income. The government has proposed an additional tax (15%) on earnings for individuals with a total superannuation balance that exceed $3 million. SMSF Association chief executive Peter Burgess said ASFA's claim that this ...