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Showing 191 - 200 of 3742 results for "Figure"

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
Longevity risk, a greying population, and the proliferation of retirement income products are forcing financial advisers to be better equipped in navigating a landscape that is becoming increasingly more complex, an industry expert says. Optimum Pensions ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... annual inflation and represents a positive trend when balanced against the 7.8% December peak. It further explained, the figure reveals a gradual cool down, dropping from 5.9% in June and 6.8% in the December 2022 quarter. Looking at the drivers, the ...

Super funds increasing offshore investment, currency hedging lessens: NAB

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
According to NAB's latest super insights report, funds are increasingly diversifying internationally; offshore investment allocations rose to 47.8% in 2022, up from 46.8% in the previous year. The report, which surveyed 41 funds comprising 85% of ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... able to put together a budget; it extends to understanding how to manage a credit card to your advantage and being able to figure out the best way to make big purchases happen." Chambers said the research found that individuals displaying overconfidence ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
ASIC has announced plans for strong, targeted enforcement action in the superannuation sector, focusing on member outcomes in 2024. Baring its teeth in an enforcement and regulatory update released today, the corporate regulator signalled that tackling ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... quarter. Finally, the return on equity increased by 138 basis points (bps) over the year, reaching 12%, signalling the highest figure in five years. However, it fell short of the 13.6% return in FY17, the last time the earnings record was achieved. PwC ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
HESTA has come under fire, with ASIC issuing three infringement notices against the fund for purportedly publishing false or misleading performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for ...

Australian Ethical backs infrastructure debt funds

RACHEL ALEMBAKIS  |  FRIDAY, 10 NOV 2023
... that Australian Ethical has committed an aggregate of more than $100 million to both funds without specifying the precise figure or the split to each fund. The Energy Transition Fund is dedicated to financing grid scale battery projects in Australia. ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
Link Group amended its FY23 financial report that was released in August, following an ASIC review that identified potential "material misstatements." ASIC pinpointed discrepancies in the recorded value of Link's Fund Solutions business assets and provisions ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... officer Remo Memmolo will step in as interim chief executive. Since joining Prime Super in 2015, Memmolo has been a key figure in its financial and strategic planning, the fund said. Prior to his current role, he served as the managing director of business ...