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Showing 191 - 200 of 2128 results for "Financial Year"

K2 appoints chief executive, wins mandate

KARREN VERGARA  |  WEDNESDAY, 29 JAN 2025
... and advisory, and listed funds and ETFs. It had $4.4 billion in assets under management at the end of the 2024 financial year. Neal added that the long-term profitability of K2, including the return of dividends to shareholders, is the primary focus ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... much-needed reform to Australia's superannuation system, even though it will only affect 80,000 people. "This financial year the richest 10% will receive just over $20 billion in superannuation taxation concessions. This at a time when around 23% ...

Australian Ethical grows FUM to $13.26bn

ROSE MARY PETRASS  |  MONDAY, 20 JAN 2025
... Managing director John McMurdo said Australian Ethical's commitment to its growth strategy led to 27% growth for the financial year to date. "A mark of the strength of our business model and resilience is that even in a period where we were not able ...

Vision Super to drop fees upon merger

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
... merger indicates that millions of dollars in operational savings across the combined fund may be achieved in each financial year after the SFT," Vision Super said. "These synergies will help keep downward pressure on fees and costs and allow us to invest ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... there were more than 500,000 cases of underpayment and over 200,000 cases of non-payment of super in the 2021-22 financial year, amounting to over $5 billion in lost retirements savings - which notably, disproportionately affects lower-income earners ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... TCorp's investments delivered 7% while its assets under management (AUM) grew 3% to $109.7 billion in the 2024 financial year, its recently published annual report shows. The New South Wales investment manager boasted $139.8 million in net profit ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... reprimanded for recommending a client make a superannuation non-concessional contribution of $329,000 in the 2023 financial year. The client's non-concessional cap, however, for that year was already $220,000. When giving the advice, the adviser failed ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... "illion's Consumer Credit Stress Barometer for the September quarter showed that, for the first quarter of this financial year, credit stress improved, shoring up the finances of struggling households," illion head of modelling Barrett Hasseldine said. ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... remedy, or apology or explanation only (49%), service-based remedy (43%), and monetary remedy (7%). For the 2023-24 financial year, financial firms reported 72,238 complaints relating to investments and advice and around 63% were resolved on the same ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... an accounting loss on the sale of about $36 million due to separation and transition costs in its upcoming 2024 financial year results. Neil Younger, Entireti's group chief executive and managing director, said: "Our size enables us to deepen our ...