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Showing 1331 - 1340 of 8107 results for "Total"

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... infrastructure, and alternatives will be slashed. The fund also announced a raft of changes to its investment fees and costs. The total investment cost for the core strategy, balanced, diversified, high growth, cash, shares, Australian shares, and overseas ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... from approximately 2.3% of GDP in the fiscal year 2022-2023 to about 2.0% of GDP by the fiscal year 2062-63. Meanwhile, the total projected annual cost of Australia's retirement income system is expected to remain relatively steady over the next 40 years ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... million from $7.06 million. Meantime, net revenue jumped by 19% to $37.61 million from $31.61 million in 2022 and it announced total dividends for the year of 5.5 cents per share, up 10%. Diverger said it's further diversified its revenue model ...

No question we need more BTR: Mowat

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
UBS's regional head of real estate John Mowat says there is a "fundamental market need" for more build-to-rent (BTR) developments in Australia. Speaking with Financial Standard, Mowat said there's no question Australia needs more BTR projects. "The ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Superannuation Performance and Quarterly MySuper Statistics report, revealing surging growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared to the $3.29 trillion recorded ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... fund transfer (SFT) with Woolworths and Endeavour, ART's funds under management increased by $4.3 billion, pushing its total funds under administration to over $260 billion. The merger also saw ART's membership swell to 2.3 million, cementing ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... products suite, growing 25% in the period to $25.2 million. Advice in-force premiums increased 11% to $305.9 million, while total in-force premiums increased 9% to $339.3 million. The ASX-listed firm has a distribution network with over 900 dealer groups ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... their super balances diminish, primarily because of the assets test. By the age of 75, those in this model would see their total retirement income surpassing that of their counterparts who saved without these tax concessions. The report found that superannuation ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... under custody for Australian investors fell 64.9% in the six months to June 30. As of December 2022, HSBC had $171.3 billion total under custody on behalf of local investors. As of June, this had dropped to $60.2 billion. This is after a 13.1% drop in ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... million, up 37% on FY22. It also recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to $80.3 billion. "FY23 has been another successful year for the HUB24 Group ...