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Showing 141 - 150 of 2127 results for "Financial Year"

HESTA returns 10.18% to members

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
HESTA's MySuper Balanced Growth option has delivered 10.18% for the 2024/25 financial year, with the fund crediting the performance of listed equities and prudent management of market volatility for the result. The outcome represents the third consecutive ...

Local assets help deliver 12% for ART

KARREN VERGARA  |  WEDNESDAY, 2 JUL 2025
Homegrown investments helped bolster returns for Australian Retirement Trust (ART) in the 2025 financial year, with some options achieving nearly 12% p.a. The $313 billion super fund with 2.43 million members delivered 11.2% p.a. for its Balanced option ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... per member. Excluding SMSFs, the average operating cost per super fund member grew from $230 to $237 in the 2024 financial year. Elkins said: "Every dollar that's in the account is money growing for a member. But that's coming at the tradeoff ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
The average superannuation balance grew 5% to $172,000 at the end of the 2023 financial year, new statistics from the Australian Taxation Office reveal. Women had an average super balance of $154,641, while men had $192,119. The median was $54,349 and ...

MLC AM delivers real returns for members in FY25

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... amid tariff-induced market turbulence has led to MLC Asset Management achieving double-digit returns for the 2025 financial year and, more importantly, real returns for members, according to its investments chief. MLC's High Growth Option returned ...

Legalsuper celebrates double digit returns

JAMIE WILLIAMSON  |  FRIDAY, 27 JUN 2025
Legalsuper expects to close out the financial year with a return of more than 11% for its MySuper product. The super fund predicts FY25 will see a return of at least 11% for its MySuper Balanced option, while the High Growth option should return about ...

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
... industry, government and regulatory sector, are contributing to our thinking as we develop our priorities for next financial year in an environment of heightened risk."

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
... Australia, Hurst was permitted to continue practising dentistry. Australian Taxation Office (ATO) data for the 2024 financial year shows it approved the release of more than $1 billion of superannuation on medical grounds, jumping 37% year on year. Six ...

Middle Australia on track for 'comfortable retirement': ASFA

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
... in compulsory super contributions, with an extra $317 expected to land in the coffers of the average worker next financial year. Young people and low-income earners, however, were singled out as "the biggest winners" from the change. More than half of ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... financial statements or audited compliance plan reports for its registered managed investment schemes for the 2024 financial year and for the first half of FY25. ASIC understands that it has also failed to keep investors updated on the status of their ...