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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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