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Showing 1161 - 1170 of 6841 results for "Tax"

Expansion strategy boosts Sequoia results

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... offering an authorised representative service. SFG's overall revenue of $79.1 million grew 51% year on year while after-tax profit of $2.6 million rose by 57%. Meanwhile, wealth management firm Prime Financial Group made $12.2 million in revenue ...

Private debt and YFYS: Research

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
... benchmark, which uses the BACM0 Bloomberg Ausbond Composite 0+ Yr Index as the benchmark and permits 10bps for fees and an assumed tax rate of 15%. Note that tax has been ignored for the purposes of this analysis. The Schroders analysis explained data ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... simplicity to the business," she said. Despite the major setbacks, Magellan made $251.6 million in statutory profit after tax in the interim reporting period, up 24% year on year. Excluding the St. James's mandate, this comes down to $216 million. ...

SMSF Association appoints chair

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... board in 2019, his extensive client work in estate planning, administration and disputes, and all forms of superannuation tax, has enabled him to bring a fresh perspective to our deliberations that have been greatly appreciated by his fellow directors ...

Challenger delivers strong result

ELIZABETH MCARTHUR  |  THURSDAY, 17 FEB 2022
... 8.4% or $1.4 billion. In Challenger's funds management business, AUM grew 20% to $109 billion. Normalised net profit after tax (NPAT) was up 21% to $166 million, and statutory net profit after tax increased by 27% to $282 million and included strong ...

ATO underestimates SMSF performance: Report

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
A new report from the Self-Managed Superannuation Fund Association (SMSFA) and the University of Adelaide has found the Australian Taxation Office is increasingly underestimating the performance of SMSFs. The SMSFA and the University of Adelaide's International ...

Managed accounts demand surges: BTFG

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... BT Panorama app, which has had rapid take up. "We also added new platform features including auto-generated reduced income tax credits (RITC) on advice fees for investment clients, enhancing the advice fee process for offline consent, and the commencement ...

FSCP panel members named

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
Thirty-one part-time members of the Financial Services and Credit Panel (FSCP) have been appointed by Treasury as the new disciplinary regime kicks off. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established ...

Rest awards responsible investment mandate

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The $70 billion industry fund, Rest, has awarded an investment mandate for its ethical investment option. The fund awarded an enhanced ESG mandate to Parametric and Calvert. The mandate is designed to provide further diversification to Rest's Sustainable ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... Stevens said. ASX half-year results to December 2021 show modest gains in operating revenue, up 6.6% to $501.4 million and after-tax profit, up 3.5% to $250.3 million.