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Showing 1201 - 1210 of 9371 results for "Income"

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... drop in net profit for 3Q24, attributed to the previous year's high commodity trading gains and lower fees and commission income, though this was somewhat mitigated by investment income generated from Macquarie Capital. In 3Q24, MAM's assets under management ...

Barings builds out local team

ELIZABETH FRY  |  MONDAY, 12 FEB 2024
... US$351 billion investment manager has appointed Jonathan Baird as head of Australia wealth distribution. Baird joins from Income Asset Management Group, where he led its asset management business. Previous roles include local head of client services ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... super fund also advocated for the automation of Age Pension applications, a move that would enable an integration of this income source with members' superannuation savings. This is critical as approximately 62% of Australians over the age of 65 receive ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... that the loss of super during childcare is a significant contributing factor to the problem." Secondly, increasing the low-income superannuation tax offset (LISTO) so that workers earning up to $45,000 receive a full tax refund on their super guarantee ...

Prime to acquire boutique fund manager

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... period. Altor earns an annualised revenue of about $1.8 million. Altor operates three strategies: the Alpha Fund, AltFi Income Fund and Emerging PIPE Fund. Prime said it will only acquire two of the strategies. Prime chair and managing director Simon ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
Opening up superannuation funds to more comprehensive financial advice could help solve some of the retirement income challenges Australians face, according to the Actuaries Institute. In its submission to the Retirement Phase of Superannuation consultation ...

EQT winds up Mirae Asia equity fund

CHLOE WALKER  |  FRIDAY, 9 FEB 2024
... EQT shuttered a fund offered by Kaplan Funds Management, noting its purpose could "no longer be accomplished." The KFM Income Fund was Kaplan Funds Management's only retail offering.

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on the back of positive inflation data in its first meeting for 2024. Despite inflation registering at 4.1% for the month of December, down from a peak of 7.8% one year prior ...

Vale Jason Milosevski

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2024
... the way. He also gave presentations to his adviser network on what he was going through, explaining the important role income protection cover was playing for him and his family during this time, and that trauma and life cover would thereafter, Pillemer ...

Actively managed, ESG funds top 2023 outflows

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... shed $970 million (US$629m) - the fifth consecutive year of outflows. Across the board, investors were bullish on fixed income as net inflows totalled $34.2 billion (US$22.2bn) in 2023. "A market rally that began in late October is already generating ...