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Showing 2901 - 2910 of 7106 results for "June 2023"

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE. In their submission to the Parliamentary Inquiry into the Life Insurance Industry in Sydney and Melbourne ...

Inflows drive first net profit for HUB24

ALEX BURKE  |  MONDAY, 27 FEB 2017
HUB24 recorded its first net profit of $0.9 million in the half-year to 31 December 2016. In its half-year accounts, HUB24 attributed this dramatic upswing in profits to strong net inflows of $1.6 billion over calendar 2016. This is up from the company ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

Platinum's AUM and profit take a hit

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
Platinum Asset Management reported a significant drop in assets under management and profitability in the six months to December 2016. Total AUM of $23.2 billion was hit with a $1.7 billion net outflow, down 13% on the previous corresponding period ...

Copia boutique wins micro-cap mandate

ALEX BURKE  |  FRIDAY, 17 FEB 2017
A Copia Investment Partners boutique won a $27 million micro-cap investment mandate. OC Funds Management, founded in 2000 by head of investments Robert Frost, will manage a micro-cap portfolio for Contango MicroCap. Contango said OCFM was selected after ...

Boring but the trend is our friend

BENJAMIN ONG  |  FRIDAY, 17 FEB 2017
The world of financial markets and tea-leaves reading would be a boring place if not for "seasonality adjusted" estimates of economic statistics, especially ones that go up one month and down the next and/or beat expectations one month and disappoint ...

Workers missing out on $147m in super: REST

EMMA RAPAPORT  |  THURSDAY, 16 FEB 2017
Less than one in ten Australians are aware of the $450 superannuation guarantee threshold according to new research from REST Industry Super. The Future of Work, a whitepaper commissioned by REST to understand the different expectations of employers ...

Unadvised SMSFs ripe for advisers

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
About 60% of Australia's SMSFs consider themselves to be unadvised, instead receiving their education around incoming super reforms from news and social media platforms. This is a key finding of new research from the SMSF Association and Commonwealth ...

British inflation quickens but still off-target

BENJAMIN ONG  |  WEDNESDAY, 15 FEB 2017
UK headline consumer price inflation quickened to 1.8% in the year to January from 1.6% in the previous month. While lower than the expected 1.9% increase, this is the fastest gain in consumer prices since June 2014. According to the Office for National ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
The wealth management industry was overwhelming in its support of the Senate passing two significant reforms aimed at strengthening consumer confidence in the financial planning and life insurance sectors. Both pieces of legislation were passed unchallenged ...