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Showing 281 - 290 of 2815 results for "Division"

Allianz Retire+ names wealth management distribution chief

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... managing client relationships, onboarding key partners, and overseeing new clients within the business' institutional division. That same month, Fintan Thornton, left Allianz Retire+ as head of institutional solutions to join a health fund.

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... be given access. The bag has become such a status symbol that in 2021, even during the COVID-19 lockdowns, the Hermes division responsible for the Birkin recorded some of its highest sales, doubling its 2020 sales and rising 24% on pre-pandemic levels. ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... balance that exceeds $3 million for an income year. The draft regulations contain provisions that enable the calculation Division 296 of tax for defined benefit interests to deliver proportionate treatment under the measure, Treasury said. This includes ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... actually paid for." "However, the trustee and liquidators did not accept they were in error and continued to press for the division of Mayfair 101 to be wound up," it said. Two days later, ASIC joined the case as a 'friend of the court' and supported ...

Iress loses key wealth executive

ELIZABETH FRY  |  FRIDAY, 1 MAR 2024
Amara Haqqani has quit the financial software and data firm after just six months as it struggles to lift profits. The departure of Haqqani, chief product and operating officer for Iress' wealth business, comes as the firm reported a bottom-line ...

Vanguard chief executive Tim Buckley to retire

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... Bogle's research assistant. He ascended to the senior leadership team in 2001 as head of the information technology division. Buckley then spearheaded the personal investor division, before his tenure as chief investment officer. He was appointed ...

Perpetual profit, operating revenue lifts

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
Perpetual reported an increase to its underlying net profit after tax and operating revenue, largely due to the Pendal acquisition. Underlying profit after tax (UPAT) reached $98.2 million, 46% higher than the prior corresponding period because of the ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
Iress has offloaded its platform business with $4 billion in funds under advice (FUA) to another ASX-listed firm. Praemium will soon be the new owner of Iress's OneVue Platform Business (IOPB), agreeing to pay $1 million in cash and an additional ...

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... SMSF services Katie Timms says farmers will be disproportionately impacted by the government's draft legislation Division 296 Tax. Commenting on the future of farming property at the SMSF Association Conference, Timms said market research has shown ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... fielding from clients. When it comes to income earned in super, Heffron said "we are still better [off] in super even with Division 296." But in terms of capital growth, what members will "hate about Div 296" is the taxation of unrealised gains. If an ...