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Showing 281 - 290 of 3742 results for "Figure"

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
In the realm of investments and advice, the number of complaints made to the Australian Financial Complaints Authority over the interpretation of product terms and conditions increased more than six-fold last financial year, while complaints about inappropriate ...

HUB24 posts record platform inflows

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
HUB24 has posted its June quarter results, the wealth management group posted record platform annual net inflows of $11.7 billion, up 31.7% from the previous corresponding period (PCP). Total funds under administration (FUA) was $65.6 billion as of ...

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
New retirement targets released by Super Consumers Australia suggest the ASFA Retirement Standard needs a rethink, saying a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer ...

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... the repeal of the requirements to disclose itemised lists, RSE licensees will still be required to disclose an aggregate figure for the aforementioned categories. Helping to clarify the new draft changes, Holding Redlich partner Luke Hooper commented ...

Local ETF industry flows positive, lower FUM: BetaShares

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... concentrated in the first half of 2022. The top two issuers, Vanguard and BetaShares, received 62% of the industry flows. This figure was dominated by Vanguard's broad market products with the issuer receiving almost 50% of the total industry flows ...

Value Partners makes key regional appointment

JAMIE WILLIAMSON  |  TUESDAY, 12 JUL 2022
Value Partners Group has appointed a new head of intermediaries, Asia Pacific. Effective this month, Vincent Ching as taken over the role, responsible for the management and development of fund distribution management in the region and Hong Kong. He ...

Aware Super invests in $100bn energy opportunity

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
Aware Super has made a cornerstone investment into North Harbour Clean Energy. North Harbour Clean Energy has priced the investment opportunity at $30 billion and $100 billion over 2030 and 2050 horizons respectively. This determination is based on ...

Australian corporate debt dwindles: Janus Henderson

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
Janus Henderson analysis found that Australian corporate debt has fallen 21.5% over 12 months because of booming cash flows from local miners. Sharp rebounds in profits among Australian companies along with debt repayments have pushed Australia's corporate ...

Underemployment continues steep decline

ANDREW MCKEAN  |  MONDAY, 27 JUN 2022
The latest ABS figures show that the total number of underemployed workers has fallen, as has the weekly hours not worked by underemployed people. Of the 13.6 million employed people in May 2022, 1.5 million were underemployed. Of these underemployed ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...