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Showing 2591 - 2600 of 7027 results for "Corporate"

Perpetual reports $140m profit, investments business dips

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
Perpetual has delivered a net profit after tax of $140 million for the financial year, as its private wealth and corporate trust units jumped in profits and the investments business dipped. The total NPAT is up 2% over FY17. Perpetual Investments profit ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... growth at 15.6% to $575 billion. This was driven by industry funds' dominance in MySuper contributions, as well as some corporate fund transfers (e.g. Rio Tinto to Equip). Retail funds only grew 4% to $600 billion, largely driven by contributions. The ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... the fifth round of hearings. It ended with the Commission's team of lawyers highlighting several instances where corporate and superannuation law was breached by retail superannuation funds at CBA, NAB, AMP and others. The Commission also flagged ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission on misconduct in the superannuation industry, which was ...

Scott Morrison becomes Prime Minister, markets react

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
... regulatory backdrop in the near term, investors will go back to focusing on what important - the health of the economy and corporate fundamentals. "The near term market reaction to these types of events is nearly always negative, but this event has been ...

CCIV draws mixed reception: Research

KARREN VERGARA  |  THURSDAY, 23 AUG 2018
Australia's Corporate Collective Investment Vehicle (CCIV) initiative received mixed responses from the global asset management community planning to ramp up cross-border strategies in the next five years, State Street research shows. Of the 250 ...

Equity Trustees net profit up 28pct, execs get bonuses

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
... Managing director Mick O'Brien said all divisions performed well: trustee and wealth services revenue was up 11%, corporate trustee and fund services was up 10%. "The industry trend clearly favours Equity Trustees' specialist model and heightened ...

Equip grows to meet demand

HARRISON WORLEY  |  WEDNESDAY, 22 AUG 2018
The $15 billion industry superannuation fund appointed a senior corporate growth manager in anticipation of growth. Charlie Yanni links with Equip from LUCRF Super, and previously held business development roles with Rest and ME Bank. According to Equip ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... opportunity to invest in high-yield bonds, with an annual net distribution north of 5%. The Neuberger Berman Global Corporate Income Trust will hold about 300 high-yield securities, with the portfolio spread across companies with EBITDA greater than ...

Finance sector in top three for giving: Report

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
... investments made by Australia's top 50 publicly listed companies, revealing Wesfarmers and CSL lead the way for Australian corporate philanthropy by way of cash donations, time volunteering and gifts in kind. The report recognised insurer IAG as the ...