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Showing 291 - 300 of 2125 results for "Financial Year"

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
The world's largest listed companies took on US$378 billion of net new debt last financial year, driving corporate debt to an unprecedented US$8.18 trillion, according to Janus Henderson's latest corporate debt index. While significant, the increase ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
Australian Retirement Trust (ART) returned 11.3% p.a. for its High Growth option for the 2024 financial year. ART head of investment strategy Andrew Fisher told Financial Standard that equities over the last two years have been "surprisingly resilient ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... recipients of the massive intergenerational wealth transfer that is tipped to be worth $5 trillion. In the 2025-26 financial year, the association will double down on increasing the adviser population. One initiative is spearheading an advertising campaign ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... the company into a metallurgical coal producer. The miner also has six coal mine expansion plans ongoing. In the financial year 2023, Whitehaven generated more than 90% of its revenue from thermal coal but said this purchase would see that drop to 30%. ...

Average super balances fall

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Taxation statistics for the 2021-22 financial year revealed the average superannuation balance fell from $170,000 in 2020-21 to $164,000. The Australian Taxation Office (ATO) released its annual taxation statistics report, showing the total tax revenue ...

Australian Retirement Trust people chief to depart

ELIZABETH FRY  |  FRIDAY, 14 JUN 2024
... Trust (ART) has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year. The superannuation fund's business partnering lead Kylie Robinson will step into the role in an acting capacity. Jackson ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... is seeking feedback from the financial services industry on its proposed annual Approach document schedule for financial year 2024-2025. AFCA Approach documents support consumers, small businesses and financial firms' understanding of its approach to ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... for the TPD definition from three months to six months, likely delaying financial support. Notably, in the 2023 financial year, the Australian Financial Complaints Authority received over 2500 complaints about group insurance through superannuation and ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... interest rates" are dictating many adviser-client conversations, according to BT, as they gear up to close the financial year. An analysis of 8000 queries from financial advisers fielded by the BT technical services team found that inflation and cost-of-living ...