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Showing 1181 - 1190 of 8240 results for "June"

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... advisers. To date, NAB has overwhelmingly paid the bulk of the remediation regarding fees for no service, with its total bill to June 2022 coming in at $1.24 billion. This has been paid or offered to more than 772,000 customers. This is followed by Westpac ...

Adam Willis joins DWS distribution team

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
... capabilities across real assets, index and systematic strategies." Meanwhile, as previously reported by Financial Standard, in June, the DWS Group chief executive Asoka Woehrmann left the group, resigning because of ongoing allegations of greenwashing. ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... APRA funds," it concluded. EQT further announced its net profit after tax is up 12.5% on the prior year to $24 million. For June 30 year end, it said funds under management, administration and supervision saw a 3.3% increase to $148.9 billion, revenue ...

Assets under custody take a hit: ACSA

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
Total assets under custody in Australia dropped by more than 8% in the six months to June end, with some custodians seeing declines of more than 10%. The latest data from the Australian Custodial Services Association shows total assets under custody ...

HESTA, Mercy Super to pursue merger

JAMIE WILLIAMSON  |  FRIDAY, 19 AUG 2022
HESTA and Mercy Super announced in June that they were well progressed with potential merger discussions. Now, the two have signed a Successor Fund Transfer deed with the aim of merging by November 30. The merger will see Mercy Super's 13,000 members ...

Strong wage growth lags inflation

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... still well short of inflation. Australian Bureau of Statistics (ABS) data shows the Wage Price Index rose 2.6% in the year to June, the highest annual rate of wages growth since 2014. However, Chalmers and Burke say there is no sugar-coating the fact ...

Norwegian wealth fund records $250bn loss

JAMIE WILLIAMSON  |  THURSDAY, 18 AUG 2022
... return of -21.8%. A weaker economy and fears of recession tend to reduce demand for industrial goods and services." As at June 30, 68.5% of the fund was invested in equities. Fixed income accounted for 28.3%, unlisted real estate 3% and unlisted renewable ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... financial year. In terms of asset classes typically held by SMSFs, ETFs have shown the highest growth with a 5% increase from June 2020. According to the report, ETFs are becoming popular investment options, especially for Millennials and Gen Z, with ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... sold policies between October 2010 and October 2018. ClearView Life Assurance commenced a separate remediation program in June this year for those who were sold accidental death, accidental injury and life insurance policies between July 2011 and February ...

Magellan reports NPAT, FUM slide

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... under management (FUM) also suffered a loss, dropping 9% to $94.3 billion from $103.7 billion. However, its actual FUM as at June 30 sat at $61.3 billion. In its latest FUM update, as at July end it was $60.2 billion. This is as a result of both outflows ...