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Showing 1311 - 1320 of 4334 results for "FIG"

BTIM reveals strong results

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
BT Investment Management (BTIM) has released its 1HY16 results, revealing a 33% increase to cash net profit after tax (NPAT) to $88.6 million driven by a combination of higher performance fees, the expansion of operating and fee margins, higher average ...

ISA calls out pre-Budget arguments on contribution caps

DARREN SNYDER  |  FRIDAY, 29 APR 2016
Industry Super Australia has slammed pre-Budget arguments that call for voluntary contribution caps to remain at current levels and allow Australians to make superannuation "catch-up" payments. Australian Tax Office (ATO) data analysed by ISA shows ...

Trust in financial advice falling

KERRIE SYDEE  |  THURSDAY, 28 APR 2016
RaboDirect's Financial Health Barometer has revealed that Australians are becoming less trusting of financial advice, with only 29% of respondents stating they trusted financial advice in 2015, down from 40% in 2014. The survey found that a greater ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 27 APR 2016
Australia taxation revenue The Australian Bureau of Statistics (ABS) released figures showing that Australia's total taxation revenue increased by 2.3% to A$445,965 million in fiscal year 2014/15 from A$435,892 million in 2013/14. Taxes on income - ...

FSC sends final budget message

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
A reduction in concessional contribution caps for middle-income superannuation members would hurt Australia's budget long-term, bear an increased cost to taxpayers, and not align with super's objective. This is the final message from the Financial Services ...

State Street appointed alternatives custodian at GPIF

DARREN SNYDER  |  TUESDAY, 26 APR 2016
State Street has been appointed the custodian of alternative investments at Japan's Government Pension Investment Fund (GPIF). The GPIF manages about $1.5 trillion and according to its latest figures, paid State Street about $8.3 million in custodial ...

Pillar enters blockchain

DARREN SNYDER  |  FRIDAY, 22 APR 2016
Superannuation services giant Pillar Administration has leapt in to blockchain with a view to address many of the technology inefficiencies in the $2 trillion super industry. At an internal super summit in Wollongong yesterday, Pillar chief executive ...

Future Fund keeps powder dry

MARK SMITH  |  FRIDAY, 22 APR 2016
The Future Fund has continued to de-risk its portfolio amid market uncertainty, preferring to keep cash on hand to take advantage when opportunities are more certain. Figures released in its recent update for the March quarter, show the $117 billion ...

Challenger annuities march on

MARK SMITH  |  FRIDAY, 22 APR 2016
Challenger's annuity business has continued its charge with sales of $575 million in the quarter ending March 31. The figure represents a 29% on the same period last year and included strong growth in both term annuities (up 22%) and lifetime annuities ...

Industry reacts to ASIC reforms

ALEX BURKE  |  THURSDAY, 21 APR 2016
Major industry figures have said they are broadly supportive of the Government's reforms for ASIC, but some are questioning the details of the user-pay scheme. Australian Institute of Superannuation Trustees chief executive said that while "it's been ...