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Showing 201 - 210 of 6743 results for "Profit"

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... recommendations in the Future foundations for giving final report and the Blueprint Expert Reference Group in its Not-for-profit Sector Development Blueprint. In its review, the Productivity Commission did not give a preferred minimum annual distribution ...

Super moves: TCorp, ESSSuper, Funds SA, Team Super

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025
... farewelled its chief governance officer after five years. Nicole Killen's extensive superannuation background spans both profit-to-member and retail sectors, holding executive positions in fund operations, administration management, business development ...

Australian Ethical names head of equities

MATTHEW WAI  |  THURSDAY, 5 JUN 2025
... their net zero ambitions." Australian Ethical delivered strong half-year results ending 31 December 2024, reporting its net profit after tax increased to $9.3 million, delivered by the success of its growth strategy.

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... and accept the penalties that are brought against them. However, when it comes to the court applying large penalties on profit-to-member funds, Constant said concerns that members might foot the bill is a "sideshow". "They've said it to us, and they ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... in question, but these claims were discontinued. "We believe the evidence in this case will show that AMP was driven by profit and not the best interests of its superannuation members - made up of millions of hardworking Australians," said Emma Pelka-Caven ...

Lendlease finalises JV with The Crown Estate

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
Lendlease has finalised its 50/50 joint venture with The Crown Estate, selling six of its UK development projects comprising land holdings and capital efficient land management agreements. Through the transaction, Lendlease will accelerate the release ...

Inside Colonial First State's fund manager selection overhaul

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... market changes,'" he said. CFS's playbook for hiring and firing fund managers In the year to December 2024, not-for-profit funds awarded an estimated 62 mandates, down from 148 in the previous year, according to Rainmaker Information. For comparison ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
The SMSF Association (SMSFA) is repeating calls for the government to address "catastrophic" flaws in its proposed superannuation tax. SMSFA chief executive Peter Burgess said the critical flaw in the proposed tax is its calculation of investment earnings ...

PRI chief executive David Atkin to step down

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... The outgoing PRI boss is a former director of the Climate Council, Frontier Advisors and chair of SuperFriend - a not for profit that that brings industry funds and insurers together to achieve mentally healthy workplaces for their staff and members. ...