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Showing 2301 - 2310 of 6276 results for "December 2021"

Stellar growth for industry funds: APRA

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
The growth of industry superannuation funds significantly outpaced retail funds in the year to December 2017, latest APRA statistics show. Industry funds saw assets surge 18.3% to $589.8 billion year-on-year, largely driven by net contributions flows ...

Sequoia expands advice arm, boosts top line

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
Sequoia Financial Group's advice business delivered strong revenue in the six months to December thanks to two acquisitions and a restructure of its operations. Sequoia Wealth Group saw revenue jump 39% to $3.9 million, while adviser numbers rose 15% ...

Contribution cap reforms see SMSFs spend cash

JAMIE WILLIAMSON  |  TUESDAY, 27 FEB 2018
Self-managed superannuation fund cash balances fell to a two year low in the December 2017 quarter as trustees allocated more to Australian and international equities. Latest insights from SuperConcepts show cash levels dropped to 17.3% in December  ...

Unlisted property top performer in 2017: Report

KARREN VERGARA  |  TUESDAY, 27 FEB 2018
Unlisted property funds outperformed most asset classes and delivered returns three times more than Australian equities in 2017. This is according to a joint report compiled by Zenith Investment Partners, MSCI and the Property Funds Association, which ...

Chief economist update: The key to ECB taper

BENJAMIN ONG  |  TUESDAY, 27 FEB 2018
Not a single soul could argue with ECB President Mario Draghi's assessment that "euro area economy is expanding robustly" and neither with his self-congratulatory remark that "our measures have put the euro area economy on a solid growth pathway, driven ...

HUB24 reports record first half

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2018
HUB24 has seen its largest increase in funds under administration to date as a result of numerous new distribution deals with licensees and the addition of 123 new advisers, half-year results show. The platform's FUA grew by a record $1.4 billion during ...

Chief economist update: Three minutes

BENJAMIN ONG  |  MONDAY, 26 FEB 2018
Three out of three central banks kept monetary settings unchanged at their most recent meetings - what's more important is where the central banks think we are and where they plan to take us. The minutes of the meetings of the Reserve Bank of Australia ...

Australian Ethical underlying profit dips despite membership surge

ALEX BURKE  |  FRIDAY, 23 FEB 2018
Australian Ethical's underlying profit after tax fell by 5% in the half year to 31 December 2017 despite a 23% boost in superannuation membership to 37,699. This profit figure - $2.157 million - was actually up 282% on the prior corresponding period ...

Kerr Neilson steps down as Platinum chief

ALEX BURKE  |  FRIDAY, 23 FEB 2018
Platinum co-founder and chief executive Kerr Neilson will hand over the reins to his successor on July 1. Neilson will remain a member of the Platinum investment team and an executive director on the board. In a letter to Platinum shareholders, Neilson ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
Raised volatility on Wall Street, North Korea, American protectionism, stagnant wages growth and high household debt levels, rising electricity prices and still elevated property prices - and more recently, Barnaby Joyce - these are a few of (not my ...