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Showing 1331 - 1340 of 6748 results for "Profit"

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... wealth management will impact dividends in the future. "It's irrelevant; these businesses are tiny in terms of their profit contribution," Jenneke said. "If you think about all of these wealth businesses inside banks that were very small, they would ...

Super-backed specialist centre opens in Hobart

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... super fund has helped an innovative dementia care village open its doors in Tasmania. In development with HESTA, not-for-profit aged care provider Glenview and Social Ventures Australia (SVA), the Korongee Village in Hobart will pioneer a new approach ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

Chief economist update: Flattening the rebound

BENJAMIN ONG  |  WEDNESDAY, 15 JUL 2020
The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had their desired effect - rebounding business conditions and confidence - and the feared one -- a second wave. The NAB monthly business ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund. Spaceship, which started out as a superannuation fund in 2017, added a managed funds ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... 'Litigation Nation' claimed that Australia has become a very desirable destination for litigation funders looking to profit from class actions. "The percentages paid to the very victims that are being vindicated by class actions are decreasing," ...

Global infrastructure proves profitable: LGIAsuper

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
LGIAsuper has recorded a 14.67% return from its ISQ Infrastructure fund in its latest quarterly figures. The fund is operated by global infrastructure interment manager I Squared Capital (ISQ) and LGIAsuper has invested around $368 million. The relationship ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at about 26.55 cents per share. The two parties have entered a bid implementation agreement dated July 9. The bid has been unanimously ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... December's life insurance statistics from APRA, Westpac Life Insurance had a policy revenue of $984 million in 2019 and a net profit after tax of $157 million. AIA meanwhile failed to turn a profit in 2019, but is larger with $1.3 billion in policy revenue. ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Rainmaker's full sample up to end of May 2020, supplemented with June 2020 returns for a curated sample of 20 not-for-profit MySuper products with funds with daily unit prices. This is the fourth lowest return in 20 years, and the first negative ...