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Showing 301 - 310 of 1565 results for "Offset"

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... added that he does have concerns that funds might move to more conservative approaches, giving up some level of return to offset the risk that they underperform the benchmark. "What does worry me is that if funds take this really seriously, they might ...

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
Super funds may be able to access an income stream from the federal government for investments in affordable housing under a new scheme, the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference has heard. Appearing at the conference ...

Short-termism damaging climate outcomes

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... and coal and gas companies in Australia need to get in line with other countries and stop expansion plans if they cannot offset emissions. "If you don't get it right, it won't just be investors and super funds coming after you... You will have ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... assets. The total number of funds it administered grew from 1078 in FY20 to 1416 in FY21. Some smaller funds exited but were offset by new clients, the firm said. Its total global clients now stand at 380, an increase of 350 from FY20. Majority of the ...

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... regulatory changes which led to a reduction in members and the normalisation of non-recurring project revenue, partially offset by strong member and services growth, Link said. RSS renewed its major clients including Cbus and HESTA. Meanwhile, corporate ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... we expect this positive momentum in E&P Wealth and E&P Capital, coupled with lower levels of extraordinary expenses, to offset the diminishing contribution of E&P funds." In FY20, Evans Dixon (as the company was then called) posted a statutory loss of ...

HUB24 profits, inflows rise

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... growth prior to $7.5 million in transaction costs related to Xplore Wealth, Ord Minnett and Easton which was partially offset by a $1.4 million gain on the sale of Paragem. HUB24 saw record platform net inflows of $8.9 billion which was up 82% on FY20. ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
Magellan Financial Group will start paying taxes at the full 30% rate from FY24, as the government abolishes laws that allowed it to pay only 10% tax on offshore earnings. MFG paid tax at 21.4% in the year ending June, lower than the 30% tax rate that ...

Shadforth appoints Queensland head

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... self-employed advice business for the June reporting period, which the firm said was expected. The outflows were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. Earlier this ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... self-employed advice business. However, the group said this was expected under its Advice 2.0 strategy. The outflows were partially offset by $0.4 billion of flows from new self-employed advisers joining the licensees as well as organic inflows. It follows ...