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Showing 181 - 190 of 2128 results for "Financial Year"

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... with quotes for Lifetime and CarePlus products rising 21% from the first half of 2024. Challenger reaffirmed its financial year 2025 normalised NPAT after tax guidance of $440 million to $480 million, with the mid-point representing 10% growth on the ...

HMC Capital boosts AUM by 45% to $19bn

KARREN VERGARA  |  TUESDAY, 18 FEB 2025
... results supported by our high-quality operating capability. We are well positioned moving into the second half of the financial year with strong momentum in each of our growth platforms." Private equity, which is the smallest business unit, has $900 ...

Our results were strong: Alexis George

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
AMP chief executive Alexis George has told Financial Standard that the company's 2024 financial year results were strong, despite its share price being caned since the announcement. George said that wealth business flows, excluding its bank, have ...

AMP profit dives as advice business sale bites

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
AMP's statutory net profit after tax (NPAT) slumped to $150 million in the 2024 financial year, nearly half the previous year's result, which the firm attributed to simplification spend and the sale of its advice business. The prior year's ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... reprimanded for recommending a client make a superannuation non-concessional contribution of $329,000 in the 2023 financial year. The second adviser recommended a client make a tax-deductible contribution to superannuation to reduce the tax liability ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... consumers," Jones said. Stakeholders wishing to make a submission to the review have until February 28. The 2026 financial year CSLR levy estimates have blown out to $77.9 million. The financial advice sector is set to pay $70.11 million - which has ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR today ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... continues to splurge on sponsorship deals. Hostplus splashed a staggering $13.7 million on sponsorships in the 2024 financial year - which made up 43% of what all super funds collectively spent ($31.7 million). Hostplus leaves other sponsorship budgets ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... will remain unchanged compared to 2024/25. This means that new opportunities may arise around NCC eligibility next financial year," MLC senior technical services manager Chris Chow said. Chow explained the increased TBC creates several advice opportunities ...

AFCA chief operating officer departs

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... receiving just over 70,000 complaints a year and has seen that number grow to 105,000 complaints received last financial year. "Supported by Justin's operational oversight, we have been able to meet this growth in complaints head on, continuing to provide ...