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Showing 241 - 250 of 8221 results for "June"

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... $600,000 paid to a luxury car dealership in Brisbane may have, in part, been transferred from Avenir. ASIC had been trying since June to appoint receivers to Australian Fiduciaries and its several related entities. It was seeking to preserve the assets ...

Brighter Super to add 68k new members

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... management (FUM), their inclusion contributes to our administration scale, benefiting all members of the fund." APRA's June data shows there are just 92 insurance-only products offered by super funds, hosting about 724,000 member accounts.

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... the number of inactive accounts is also ballooning, APRA's latest statistics reveal. APRA superannuation fund data for June 2025 shows that more than 3.6 million members with a median balance of $30,218 picked AustralianSuper over other providers. ...

Fewer global equity managers underperform: SPIVA

KARREN VERGARA  |  TUESDAY, 9 SEP 2025
... Scorecard half-year analysis. Fifty-four percent of global equity general funds trailed the benchmark in the six months to June, also marking an improvement from the 84% underperformance rate for the full year to 2024. Conversely, Australian equity funds ...

Future Fund achieves 12.2% in FY25, tops other instos

KARREN VERGARA  |  TUESDAY, 9 SEP 2025
... major stakes in data centre developer and operator CDC and infrastructure and housing, including a 10% stake in Transgrid. In June, the Future Fund was allowed to manage a portion of its portfolio internally, namely in Australian infrastructure and property. ...

Latest adviser exam sees 69% pass

MATTHEW WAI  |  MONDAY, 8 SEP 2025
... Financial Adviser Exam, held in August, with the pass rate once again falling under the 70% mark. The previous exam cycle in June saw the lowest pass rate in recent times at 66%. Although slightly improved, only 152 (69%) candidates passed the August ...

NZ Super delivers 11.84%

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
The New Zealand Superannuation Fund has delivered a pre-tax return of 11.84% after costs for the year ended 30 June 2025. Total fund size was up $8.4 billion from a year earlier, ending the 2025 financial year at $85.1 billion. Guardians of New Zealand ...

Iress confirms new chief executive

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
... service and wish him the best for the future." Russell will join Iress from Bravura where he served as chief executive from June 2023 until he departed in April. He brings more than 25 years' experience in both Australian and international financial ...

Australian economy 'stronger than expected'

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
Australian gross domestic product (GDP) rose 0.6% in the June quarter and was up 1.8% compared to a year ago, according to figures released by the Australian Bureau of Statistics (ABS). Commonwealth Bank head of Australian economics Belinda Allen said ...

Three retirement products achieve double-digit returns

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... ESSSuper Income Streams Balanced and Super SA Income Stream Balanced recorded 8.6% p.a. respectively. For the first time in June, APRA began examining more than 200 retirement products that hold $490 billion in members' retirement savings. On average ...