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Showing 11 - 20 of 89 results for "PCT"

Equity Trustees net profit up 28pct, execs get bonuses

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
Equity Trustees' top executives took home the highest possible short-term incentives, as the company swelled net profits by 28%. It paid its five top executives and the managing director about 99% of the maximum short-term opportunity awarded to ...

Only 17pct of Aussie families seek advice: St.George

HARRISON WORLEY  |  TUESDAY, 15 MAY 2018
Latest research from St.George Bank highlights only 17% of Australian households seek financial advice. The bank's research also said 70% of parents taught themselves how to budget, however 43% did say there was some prior learning from their parents. ...

Pengana drives WHSP finance portfolio up 43pct

ALEX BURKE  |  THURSDAY, 22 MAR 2018
The performance of Pengana Capital Group, which was created following the Hunter Hall merger last year, drove Washington H. Soul Pattinson's 1H18 portfolio up 43.3%. Pengana delivered a $1.9 million contribution to WHSP's net profit during the period. ...

Perpetual investments drives profit boost despite market conditions

ALEX BURKE  |  THURSDAY, 22 FEB 2018
... the managed funds business was appointed to a number of significant roles in 1H18, which led to a greater contribution to PCT's revenue growth," Lloyd said. One of those new roles for PCT was the responsible entity mandate for Montgomery Global Investment ...

Super guarantee must be 12pct: ASFA

DARREN SNYDER  |  FRIDAY, 27 OCT 2017
The Association of Superannuation Funds of Australia has renewed calls for the super guarantee to be lifted to 12% as soon as possible because retirement balances are still nowhere near where they need to be. Latest ASFA analysis shows Australia's $2.3 ...

Australian Ethical sees 34pct member surge

ALEX BURKE  |  THURSDAY, 31 AUG 2017
Australian Ethical enjoyed a 34% boost in superannuation members in the 2017 financial year, pushing group funds under management to $2.15 billion. Reporting a 3% decrease in net profit to $2.9 million, the super fund and investment manager said headline ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
Superannuation savings climbed 10% in 2016-17 to reach $2.3 trillion, with performance income accounting for almost all the flows, according to figures released by APRA this week. Within segments, not-for-profit (NFP) funds climbed 12% to $983 billion ...

Queensland DB super liabilities tipped to fall 18pct

ALEX DUNNIN  |  THURSDAY, 15 JUN 2017
Queensland's public sector superannuation liability is expected to fall $7 billion over the next five years, and this is despite the state's defined benefit scheme surplus being partially repatriated. The figures were published in the Queensland Government ...

Economic growth slows to 1.7pct but not as bad as feared

BENJAMIN ONG  |  WEDNESDAY, 7 JUN 2017
Australia's economic scorecard is out. GDP growth has plummeted to 0.3% in the March quarter compared to 1.1% last quarter, leaving economic annual growth at a lackluster 1.7%. Economic growth slowing by one third in past year adds to the pressure piling ...

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
Australia's slowly improving Budget position should enable the Australian Office of Financial Management (AOFM) to reduce its annual borrowings next financial year by about 20%. According to a statement released by the AOFM today, with two months left ...