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Showing 1341 - 1350 of 3403 results for "Revenue"

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... million in the 2016-17 financial year. Six of these same funds were also among those reporting the highest advice fee revenue in APRA's 2018 data, the report states. "All commissions through superannuation (including on insurance) should be banned ...

One small step for responsible investment sees one giant leap for Man Group

DARREN SNYDER  |  WEDNESDAY, 19 DEC 2018
Global active manager Man Group can now quantify the degree of responsible investment focus across its entire suite of funds. It adds clarity for institutional investors demanding greater ESG transparency. The $158 billion (US$114bn) investment manager's ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... practice's income can be attributed to grandfathered commissions. About 47% said they account for less than 15% of revenue. Meanwhile, 12% rely on the payments to produce more than 60% of income. Following the financial services Royal Commission ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... commissions," Radar Results said. Prices paid for these risk books have differed, moving between two and three times recurring revenue. For large scale risk advice businesses, those with between $1 million and $3 million on their books can command far ...

Sydney fintech sells for $339m

DARREN SNYDER  |  THURSDAY, 13 DEC 2018
... to banks globally." Avoka has more than 270 employees in offices across the US, UK and Australia. The company grew its revenue about 30% in 2018 and expects to grow at the same rate in 2019 to reach about US$50 million, with 50% of revenue coming from ...

FTSE Russell expands ESG research

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... developed index, which according to the firm will increase green certification by 63% and drop carbon emissions per dollar of revenue by 40%.

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... review headed by Deloitte found new sales of its life products is no longer viable. Further, in the absence of incoming revenue and repaying commissions, the board flagged a potential liquidity shortfall during calendar 2019, but indicated that the company ...

Future Fund to manage new drought fund

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... provide funding on top of existing funding for drought resilience, preparedness and recovery. "We're guaranteeing long-term revenue to build drought resilience," Littleproud said. "The Future Drought Fund will help give out farmers tools to prepare for ...

Why indexing is big business

KARREN VERGARA  |  TUESDAY, 4 DEC 2018
... dominate over 95% of the benchmarks. NYSE-listed MSCI earned more than half (56%) or US$719 million of its 2017 operating revenue from its index business, according to SEC filings. For the majority of its indices, analytics and ESG products, MSCI licenses ...

Australian Unity fund manager steps down

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
The fund manager of Australian Unity's $450 million office REIT stepped down after nearly seven years on the job. Grant Nichols left as the manager of Australian Unity Office Fund (AOF) on November 30 to pursue other opportunities. He is replaced by ...