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Showing 241 - 250 of 2175 results for "Financial Year"

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 ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... quarter. "This decrease is expected with members maximising their annual contribution limits before the end of the financial year," APRA said. Benefit payments increased by 11.4% to $119.9 billion in the year ending in September 2024. This increase was ...

HPI calls Hostplus, Charter Hall takeover 'cheap'

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... chair Giselle Collins said. "HPI is expecting to deliver 19.7 cents per security in full-year distributions this financial year, up 3.7% on last year's distributions. Put simply, that's 58 pubs expected to spin off $39 million in cash distributions ...

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... embark on a complimentary report on financial reporting and audit surveillance of super funds. "This is the first financial year that financial reports of super funds were lodged with ASIC, and we plan to ensure that there is a high standard of reporting ...