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| | | ... recommendations," it said. "The key recommendation of this interim report is to water down existing statutory requirements for profit to member ('industry') funds that provide equal representation of employee and employer representatives, and ... |
| | | | AMP's statutory net profit after tax (NPAT) slumped to $150 million in the 2024 financial year, nearly half the previous year's result, which the firm attributed to simplification spend and the sale of its advice business. The prior year's ... |
| | | | ... come, to feel confident in their financial future so they can look forward to retirement. "Australian Retirement Trust is a profit-for-members superannuation fund, and this foundation motivates its member centric culture and approach. Throughout the ... |
| | | | Commonwealth Bank of Australia (CBA) delivered another strong half yearly result this week, reporting net profit after tax of $5.14 billion. Yet, despite the continued strong performance, analysts are highly conscious of how overvalued the bank might ... |
| | | | ... period, with its markets, technology and data, and securities and payments divisions contributed to the growth. Statutory net profit after tax (NPAT) grew to $243.5 million, up 5.6% from 1H24, while total expenses dipped by 20 basis points, with the ... |
| | | | ... - is that funds have no financial incentive to staff appropriately to help people with these claims, because they don't profit from doing so. Furthermore, O'Neill said until recently, there'd been an "utter dearth" of any regulatory body seeking to hold ... |
| | | | Bravura has delivered an underlying net profit of $11.3 million in 1H25, up $13 million compared to 1H24. Following the turnaround in financial performance, Bravura said it is now able to recommence dividend payments. In addition, a special dividend ... |
| | | | ... was starting to "chip away" at profits. "Many businesses have been able to pass on higher costs to customers. This kept profit margins around pre-pandemic averages. But total business profits fell over the past year, with large falls in the mining industry ... |
| | | | ... consulting offering by expanding its proposition to serve a broader range of clients, including superannuation, not-for-profit, insurance, and wealth segments while delivering tailored, strategic solutions for institutional investors. |
| | | | ... affiliates. Fourteen out of 15 affiliates saw FUM grow except for Firetail which was down 9%. Pinnacle's share of affiliates' net profit after tax (NPAT), was $74.3 million, up 99% from $37.3 million year on year. Pinnacle managing director Ian Macoun ... |
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