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Showing 251 - 260 of 2125 results for "Financial Year"

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Bravura Solutions returned to profit in the 2024 financial year following a "difficult year" but flags it is not done with its cost-cutting strategies. The ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... acquisitions, including the takeover of Millennium3, helped WT Financial Group (WTL) boost performance in the 2024 financial year. Releasing preliminary results this morning, WTL founder and managing director Keith Cullen said revenue for the underlying ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation fund members. "That's pleasing - but not a reason for complacency by trustees ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... flows of $3.5 billion in July. Betashares attributed the flows to the long running trend of investors using the new financial year as an opportunity to add to their portfolios. Notably, the local ETF industry has grown by 43.7% over the past 12 months ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... income. The super fund's Growth option, which was previously called High Growth, returned 9.92% in the 2024 financial year. The Balanced option, which was previously the Growth option, returned 7.12% p.a. The fund recently named its inaugural chief ...

Vision Super closes property, infrastructure options

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2024
... 4.45% in FY24. All invested members are to be transferred to its Balanced Growth option, which returned 8.42% last financial year, unless they select otherwise. "From a medium to long-term perspective, the trustee considers the Balanced Growth investment ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... Cycle Investment Partners to the fold. The multi-boutique reported total FUM of $110.1 billion at the end the 2024 financial year. It earned $90.8 million in profit from its 15 affiliates, up 35% from $67.4 million in FY23. Thirteen affiliates contributed ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...

Russell Investments default option returns up to 12.3%

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... Investments' default lifecycle investment option, GoalTracker, posted returns ranging from 9.2% to 12.3% last financial year. Since its inception in March 2020, GoalTracker has delivered average annual returns of 8.3%-11.3%. Russell Investments head ...

Eildon divests stakes in four funds to Trilogy

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... an 11.1% or $0.4 million discount to carrying value, which will result in an $0.4 million impairment in the 2024 financial year statements. Eildon's commercial real estate funds management business had $400 million assets as at February, while Trilogy ...