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Showing 1511 - 1520 of 11021 results for "Account"

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... it will no longer support the defined benefit guarantees members were entitled to. Instead, members will receive their account balance as well as a lump sum amount, representing their converted defined benefit, based on having been a member to September ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
Praemium has reported an uplift in business performance following the divestment of its international business. Reporting to the ASX today, Praemium posted a 23% uplift in underlying earnings before interest to $23.4 million, compared to the $19.1 million ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
The merger between AvSuper and Australian Retirement Trust (ART) has advanced to the next stage as they have now entered a Heads of Agreement. The agreement confirms the intention of both parties to proceed with the merger in good faith, AvSuper told ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... contract with Link in FY2025, taking its members instead to GROW Inc. "There is no impact on RSS' results in FY24 on account of the HESTA contract announcement," Link said. However, other major super fund clients flagged that they will stick with ...

Longevity risk is big super's biggest failure: Podcast

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
... "It's a complex place and actually a mathematical optimisation for the trustee to work out how much to have in the account-based pension, and how much to have in new offerings and longevity insurance style of products." After reviewing 15 super fund ...

IMAP names annual award winners

JAMIE WILLIAMSON  |  MONDAY, 28 AUG 2023
The Institute of Managed Account Professionals' (IMAP) judging panel named winners across nine separate categories. IMAP held its annual awards ceremony on August 24, saying that the quality and number of entries has continued to grow with each ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
Treasury is expected to launch consultation focused on retirement spending and income configurations, to address concerns regarding the role of super funds in helping members transition to retirement. It follows the release of the 2023 Intergenerational ...

Former Morningstar executive in new role

ELIZABETH FRY  |  FRIDAY, 25 AUG 2023
Former Morningstar executive Tim Murphy has resurfaced as head of research at a specialist investment consulting firm as it plans to launch a rival ratings business. Murphy - who was Morningstar's director of manager research for Asia Pacific for ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
Following the recent decision to overhaul its advice model, Insignia Financial will now consolidate its client engagement teams to create a Client Wellbeing division as it prepares for the post-Quality of Advice Review world. Within its FY23 results ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...