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Showing 2071 - 2080 of 5917 results for "March 22"

Netwealth doubles market share

DARREN SNYDER  |  MONDAY, 3 SEP 2018
Nearing 12 months since listing on the Australian Securities Exchange, platform provider Netwealth progressed to reporting season with 35.9% income growth and a statutory net profit after tax of $20.8 million. Netwealth's platform revenue for FY18 was ...

AustralianSuper secures WestConnex stake

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
AustralianSuper's infrastructure investment portfolio now exceeds $13 billion following its joint acquisition of WestConnex in New South Wales. AustralianSuper members are now part owners in a $9.26 billion integrated transport project that will ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

Chief economist update: Blame the US economy for the widening trade gap

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2018
From "fake news", US President Donald Trump might label the Census Bureau's numbers on "International Trade in Goods" as "fake stats". It refutes his claim in March that "trade wars are good, and easy to win." The report shows America's balance ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

SMSFs too conservative: Poll

KARREN VERGARA  |  MONDAY, 27 AUG 2018
More than half (54%) of the respondents in Financial Standard's latest spot poll believe self-managed super funds are too conservative when it comes to allocating assets. Only a third (33%) said they were content with the allocation strategies and will ...

Blue Sky offloads six funds

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
Beleaguered Blue Sky Alternative Investments will sell its retirement living funds and its 50% stake in Aura Holdings, the operator of the retirement living business. Blue Sky today announced it signed a binding agreement with an offshore institutional ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
The life insurance industry turned in a solid FY18, latest APRA statistics show. In the year to 30 June 2018, life insurers' total revenue stood at $37.6 billion, up 11.5% higher than the previous corresponding period. This was driven by net policy ...