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Showing 211 - 220 of 2125 results for "Financial Year"

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... own advisers and intra-fund advice, new APRA data reveals. APRA's recently published data based on the 2023 financial year reveals that retail superannuation funds spent a whopping amount on external financial advisers. Seventeen out of the top 20 ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... AFCA received 3559 complaints in the investments and advice category, marking a 26% drop compared to the previous financial year. "Excluding complaints about Dixon Advisory and Superannuation Services, investment and advice complaints reached an all-time ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... 20% of their revenue from the mining of thermal coal and its sale to external parties are omitted. For the 2024 financial year, the super fund said all but one investment option saw their fees reduce. The Cash option charged the same amount in investment ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... Compensation Scheme of Last Resort (CSLR) warned the advice sector should brace for an even bigger levy in the 2026 financial year, forecasting a total of $20 million. Financial advisers are set to cough up more than $20 million in FY26, which will exceed ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... outcomes, APRA said. It is already working with some trustees and further work will commence shortly, analysing last financial year's expenditure statements. Its initial focus will be on three key areas, being: Discretionary expenditure categories, like ...

NZ Superannuation Fund names joint CIOs

KARREN VERGARA  |  TUESDAY, 22 OCT 2024
... continue as acting investments chief until the new structure is implemented. NZSF posted a return of 15% this past financial year, trouncing its peers, according to data provider Global SWF. It outperformed its Treasury Bills benchmark - a measure based ...

US better positioned to deliver strong returns: UniSuper

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
UniSuper chief investment officer John Pearce said the start of the financial year has kicked off strongly, following on from a positive 2023/34 result, but going forward the US is better positioned than Australia to continue delivering strong returns. ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... the mostly positive result, Powerwrap's gross outflows from transitioning advisers were around $1 billion for the financial year and continued in the September quarter. "Powerwrap's non-systemic outflows associated with transitioning advisers were largely ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... footprint with more events along with increased public relations and marketing initiatives over the first half of the financial year," Hackett said. "Even though we continue to see all of our key performance indicators trend in the right direction, there ...

Australian Ethical FUM nears $13bn

MATTHEW WAI  |  FRIDAY, 18 OCT 2024
Australian Ethical has recorded a 24% growth in funds under management so far this financial year, fuelled by its acquisition of Altius Asset Management. Australian Ethical has $12.95 billion in funds under management (FUM) as at September end. About ...